Work Area: Enforcement and set-aside

Oligarch fails to revive treaty claim against Russia

Former banker Sergei Pugachev has failed to persuade a Spanish court to revive his US$14.5 billion investment treaty claim against Russia.

10 January 2022

Chinese gas field award upheld in Singapore

An insolvent Hong Kong energy company has lost its bid to revive a US$340 million UNCITRAL claim against a Chinese state-owned entity relating to a gas field in the East China Sea.

07 January 2022

British F1 team races to enforce against ex-sponsor

A British Formula 1 racing team has asked a US court to enforce a US$36 million LCIA award issued by arbitrator Klaus Reichert SC against its former lead sponsor.

07 January 2022

Miculas fail to revive alcohol claim against Romania

Sweden’s Micula brothers have failed to revive a US$2 billion ICSID claim against Romania over the state’s alleged failure to police its black market in alcohol.

06 January 2022

Croatia seeks to reopen award in bribery dispute

Croatia has said it will ask a Swiss court to review an UNCITRAL award in favour of Hungarian oil and gas group MOL in the wake of a corruption verdict against a former prime minister – as the Balkan state settles a separate dispute with a US investor.

06 January 2022

A new approach to the public policy defence in Ukraine

Olexander Droug, Tatyana Slipachuk and Alina Danyleiko of Sayenko Kharenko in Kyiv say a recent pair of judgments show a volte-face by the Ukrainian Supreme Court in its approach to public policy as a defence to enforcement of arbitral awards.

06 January 2022

Telecoms investors seize Indian aviation funds

Mauritian investors in an Indian telecoms company have frozen US$30 million in aviation funds in their bid to collect on a treaty award against India – as they get the all-clear to pursue assets in Virginia.

05 January 2022

Court finds Kazakhstan bound by Soviet treaty

A UK court has ruled that a US$917 million arbitration against Kazakhstan can proceed after all, finding that an eminent UNCITRAL tribunal was distracted by “irrelevant material” when it found the state was not bound by an investment treaty signed by the former Soviet Union.

04 January 2022

LCIA panel upholds Russian bank fraud claim

An LCIA tribunal has reportedly upheld fraud claims by two bailed-out banks against companies linked to the family of a Russian property tycoon but is still to rule on a claim for US$475 million in losses.

17 December 2021

Spain faces new enforcement actions

Investors have launched two new US court actions against Spain to enforce Energy Charter Treaty awards compensating them for reforms to the country’s renewable energy regime.

17 December 2021

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