Work Area: Enforcement and set-aside
German wind investor takes Spain award to US court
German conglomerate BayWa has asked a US court to enforce €22 million Energy Charter Treaty award against Spain compensating it for measures affecting its wind power investments.
18 August 2022
Hong Kong award surfaces in tech investment dispute
A Chinese asset management group has asked a US court to enforce a US$145 million HKIAC award against the co-founder of a mobile internet services company in which it invested.
17 August 2022
Ghana university beats bid to enforce expert decision
A US court has refused to enforce an expert determination worth US$165 million against the University of Ghana while ducking the question of whether it qualifies as a foreign arbitration award.
17 August 2022
German court allows enforcement against Libya
A German court has ruled that an Austrian construction company can partially enforce an €84 million investment treaty award against Libya, rejecting arguments it violated public order.
16 August 2022
Centerra settles Kyrgyz gold mine dispute
Canadian miner Centerra Gold has completed a transaction with Kyrgyzstan to resolve their dispute over the seizure of one of the largest gold mines in central Asia – despite a last-minute effort by Burford Capital and others to halt the settlement.
15 August 2022
Vape distributor breathes easy after ICDR award
A US seller of vaping devices has asked a US district court to enforce an ICDR award that held its former partner liable for breaching an exclusive global distribution agreement.
11 August 2022
Brazilian pulp award survives hacking allegations
A Brazilian court has upheld an ICC award in an acrimonious dispute over the multibillion-dollar sale of a pulp producer, dismissing allegations the procedure was tainted by a cyberattack and a conflict of interests and awarding US$114 million in legal fees to the winning side.
04 August 2022
Perenco secures freeze on Ecuador accounts in Luxembourg
Bahamian oil company Perenco has frozen Luxembourg bank accounts used by Ecuador to make coupon payments associated with sovereign bonds, with the ICSID award holder claiming this raises the possibility of the state defaulting to creditors.
01 August 2022
Apple settles with headphones maker
Apple has ended its bid to enforce an ICC award that held a US headphones maker liable for breach of confidentiality after agreeing to settle the dispute.
01 August 2022
SIAC award survives coercion allegations
A mining executive and his son who alleged they were coerced at knifepoint into settling a joint venture dispute while suffering from mental illness have lost their challenge to a US$12 million SIAC award in Singapore.
29 July 2022