Work Area: Enforcement and set-aside

Cairn pursues Air India over treaty award

Scotland’s Cairn Energy is targeting the assets of India's national airline as it seeks to enforce a US$1.3 billion investment treaty award.

17 May 2021

Tanzanian power deal leads to award

The assignee of a UAE company has applied to enforce a US$30 million award stemming from a Tanzanian power deal, accusing US energy company Symbion Power and its executives of asset-stripping to evade payment.

14 May 2021

WATCH: GAR Connect Moscow Workshop

A full recording of our GAR Connect Moscow Workshop can be found here.

14 May 2021

Libya opposes US enforcement of treaty award

Libya has instructed counsel for a bid to overturn a New York state court’s decision to enforce a €20 million investment treaty award won by a Cypriot investor in a dairy and juice factory.

13 May 2021

Wind park investor seeks to revive Dominican lost profits claim

A Spanish renewable energy company has applied to a Miami court to revive a nearly US$288 million ICC claim against the Dominican Republic for lost profits from a wind park that was never built.

12 May 2021

Finnish investor threatens second claim against Egypt

A Finnish businessman who won an award against Egypt over his iron and steel business has threatened to bring a second investment treaty claim against the state over its subsequent conduct – after successfully attaching assets in Spain.

11 May 2021

Cayman Islands court rules on request to aid enforcement

In a judgment dealing with an important issue of principle for offshore jurisdictions, the Court of Appeal of the Cayman Islands has said that Indian conglomerate Essar must provide steelmaker ArcelorMittal USA with information and documents relating to the assets of one of its companies to assist enforcement of an ICC award.

11 May 2021

No duty of counsel to correct other side's “misunderstanding”

The Singapore High Court has refused to set aside a SIAC award because of a lawyer’s failure to correct opposing counsel’s alleged misunderstanding of the issues in play – holding that “counsel are responsible for arguing their own case, not for ensuring that the other side meets their case.”

05 May 2021

Occidental ordered to hand over share of ICSID award

A Chinese-owned oil company has applied to enforce an award worth more than US$540 million against Occidental Petroleum, representing its share of an ICSID settlement paid by the Ecuadorean government six years ago.

04 May 2021

Tanzania pays treaty award to avoid aircraft seizure

Tanzania has paid US$22 million to satisfy an UNCITRAL award after the Italian-owned creditors attempted to seize three aircraft purchased by the East African state following enforcement of the award in the Canadian courts.

30 April 2021

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