Work Area: Enforcement and set-aside

Cypriot investor seeks to enforce against Libya

A Cypriot company is seeking to enforce a €20 million investment treaty award against Libya arising from the expropriation of a dairy and juice factory.

10 March 2021

Spain defeats renewables claim by Blackrock

An SCC tribunal has dismissed a €135 million Energy Charter Treaty claim brought against Spain by a subsidiary of US investment fund Blackrock over the state’s reforms to its renewable energy subsidy regime.

09 March 2021

PDVSA fails to overturn Chinese state entity’s award

A Dutch court has upheld a Chinese state-owned company’s US$70 million ICC award against a subsidiary of Venezuela’s national oil and gas company PDVSA, dismissing arguments that the parties had not agreed to consolidate claims under multiple contracts.

09 March 2021

Wrong respondent derails Belt and Road award

A Hong Kong court has set aside a Swedish arbitrator’s US$18 million HKIAC award against a Chinese pipeline company relating to the Belt and Road initiative after concluding that the wrong entity was named as respondent.

09 March 2021

Spanish cement investors seek to revive Egypt claim

Spanish investors in a cement plant have applied to partially annul an ICSID award that held Egypt liable but declined to award any of the €240 million they sought in damages.

08 March 2021

Uganda fails to knock rail claim off track

A UK court has upheld a tribunal’s decision to allow a rail company’s claim against Uganda to proceed without permission from the claimant’s Ugandan court-appointed liquidator.

02 March 2021

US court bars settlement of Indian satellite dispute

A US court has temporarily blocked Bangalore-based Devas Multimedia from settling a dispute over a US$562 million ICC award against Indian state-owned satellite company Antrix – amid allegations of a “government hijacking” after a liquidator took control of Devas, accused it of fraud and fired its counsel.

02 March 2021

Clear for takeoff: Irish court lifts freeze on Air Moldova plane

An Irish court has lifted a freezing order that led to the grounding of a plane at Dublin Airport, after its Moldovan operator reached an agreement with an LCIA award creditor.

02 March 2021

Swedish court asks ECJ to rule on ECT

A Swedish court has for the first time agreed to ask the European Court of Justice whether its decision in Achmea bars intra-EU investment disputes under the Energy Charter Treaty.

01 March 2021

Baker Hughes fends off claim over Nigerian LNG plants

A Luxembourg company has applied to revive a US$763 million ICDR claim against US oil field services group Baker Hughes over a project to build a pair of small-scale liquefied natural gas plants in Nigeria.

26 February 2021

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