Work Area: Enforcement and set-aside
Ukrainian lawyers charged with fraud in Switzerland
Three partners at Ukrainian firm Eterna Law have been charged with fraud in Switzerland after a former arbitration client accused them of forging a legal services agreement.
02 December 2022
Jay-Z and Bacardi go to ICDR over cognac venture
An ICDR panel chaired by Foley Hoag partner Daniel Schimmel is hearing a US$2 billion dispute between Jay-Z and Bacardi over a cognac business, it has emerged.
30 November 2022
Tanzanian plane remains grounded despite ICSID stay
A Swedish investor that won a US$165 million award against Tanzania has persuaded a Dutch court to uphold the attachment of an aircraft owned by the east African state, even though ICSID has stayed enforcement pending annulment proceedings.
29 November 2022
Laos sees awards upheld in casino saga
Two gaming companies whose billion-dollar investment treaty claims against Laos were dismissed because of evidence of bribery and fraud have lost a final appeal against the outcome in Singapore, after a related SIAC award was also upheld.
25 November 2022
Shell sees off award challenge in Nigerian loan dispute
A London court has upheld a pair of awards against a Nigerian oil and gas producer in an ICC dispute over loans worth US$2 billion, ruling that a Shell subsidiary had not waived its unilateral option to bring an arbitration.
23 November 2022
Kosovo defeats ICC claim over microfinance licence
Kosovo says it has defeated a €30 million ICC claim brought by an Estonian fintech company over a revoked microfinance licence.
21 November 2022
Dos Santos loses final appeal over telecoms award
A company owned by Angolan billionaire Isabel dos Santos has lost a final appeal in the French courts relating to a US$646 million award, failing on arguments that the ICC was wrong to appoint all five members of the tribunal itself or that an arbitrator failed to disclose potential conflicts.
15 November 2022
Convicted businesswoman seeks to revive Kuwait claim
A Russian businesswoman who took refuge in an embassy after being convicted of money laundering in Kuwait has applied to revive her US$150 million investment treaty claim against the Gulf state.
14 November 2022
Lesotho court voids arbitration clause in public contract
A German company that won a €50 million award against Lesotho over a stalled solar project has vowed to resume enforcement efforts despite a ruling by the kingdom’s courts declaring the underlying contract and its arbitration clause invalid.
14 November 2022
Deripaska fails to revive treaty claim against Montenegro
A Swedish court has denied a bid by sanctioned Russian oligarch Oleg Deripaska to revive a €600 million claim against Montenegro – rejecting arguments the state had succeeded to a bilateral investment treaty signed by the former Yugoslavia.
11 November 2022