Work Area: Enforcement and set-aside

Meydan racetrack award upheld in Dubai

A special committee formed to resolve disputes involving UAE real estate developer Meydan has upheld a US$313 million DIAC award won by a Malaysian property company over a cancelled contract to build a racecourse.

18 January 2021

Crystallex can proceed with sale of PDVSA refinery

A Delaware court has granted Canadian miner Crystallex permission to sell shares in the US refinery business owned by Venezuela’s national oil and gas company PDVSA, saying each day the creditor cannot collect its US$1.6 billion ICSID award is an “affront” to the US judicial system.

15 January 2021

Chinese swimmer wins challenge over arbitrator's tweets

A Swiss court has overturned a CAS award that handed a Chinese swimmer an eight-year doping ban – finding that the tribunal chair, former Italian foreign minister Franco Frattini, had shown bias in tweets criticising Chinese dog meat eating practices and referencing skin colour.

15 January 2021

Satellite investors seek to enforce treaty award against India

Mauritian investors have applied to a US court to enforce a US$111 million investment treaty award against India over a cancelled satellite telecoms deal – months after the enforcement of a billion-dollar ICC award related to the same project.

13 January 2021

Albania creditors freeze aviation funds

Italian businessman Francesco Becchetti and several other investors have seized funds held by a Brussels-based international aviation body to satisfy a €110 million ICSID award against Albania.

08 January 2021

Pharma company challenges cancer treatment award

A Taiwanese pharmaceuticals company has challenged an award issued in a €2 billion ICC dispute over a blood cancer drug, arguing it was not allowed to defend itself against a claim raised later in the proceedings.

06 January 2021

Pakistani airline assets frozen in BVI

A court in the British Virgin Islands has attached assets belonging to Pakistan’s national airline – including interests in two hotels in New York and Paris – at the request of an Australian mining venture seeking to enforce a US$6 billion ICSID award.

05 January 2021

What you missed at ICSID

Before the holiday break, ICSID saw another solar award rendered against Spain, a stay lifted in another renewables case, a new €100 million claim against Albania and the settlement of a US$500 million claim against Uzbekistan.

04 January 2021

France's top court rules on territoriality

France's top court has issued an important decision confirming the territoriality of enforcement proceedings begun in the country and refusing to revive an attachment of funds belonging to Panama's Canal Authority that was lifted more than three years ago.

18 December 2020

Port project award upheld in Egypt

A court in Cairo has upheld an ICC award requiring an Egyptian state authority to pay US$490 million to a Kuwaiti-led consortium for terminating a contract to build a container terminal facility at the port of Damietta.

14 December 2020

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