Work Area: Enforcement and set-aside

UK court clarifies procedure for enforcing ICSID awards

The High Court in London has affirmed that ICSID awards can be registered in the UK on an ex parte basis, and that normal service requirements in a US$2 billion enforcement action against Egypt can be dispensed with in circumstances where a diplomatic bag sent from Cairo to London went missing.

06 July 2020

French and UK courts head for showdown over ICC award

In a confrontation reminiscent of the famous Dallah case, the Paris Court of Appeal has upheld an ICC award after finding that French law determined whether the debtor was bound by the arbitration agreement – months after an appeal court in London refused enforcement on the basis that English law applied.

25 June 2020

Spain hit with bid to enforce renewables award

A group of Luxembourgish and French private equity investors are seeking enforcement of their €34 million ICSID award against Spain in the US courts – joining a queue of creditors trying to enforce awards won over reforms to the state's renewable energy sector.

24 June 2020

Venezuela defeats annulment bid in trust case

An ICSID annulment committee has dismissed a Barbadian trust manager’s bid to revive its US$400 million claim against Venezuela, which was declined on jurisdictional grounds.

23 June 2020

Nigeria to raise sovereign immunity as it resists mega-award

A US district court must first hear Nigeria’s sovereign immunity defence before ruling on an oil and gas company’s bid to enforce an almost US$10 billion award against the state, following a decision by an appeals court in Washington, DC.

22 June 2020

Alstom award enforced despite bribery claim

The Commercial Court in London has upheld the enforcement of an ICC award against Alstom despite allegations that the performance of the underlying contract was tainted by bribery.

18 June 2020

Steelmaker's award against Venezuela enforced in the US

A US court has enforced a US$248 million ICSID award against Venezuela, the first of two awards won by a Luxembourg steelmaker following the nationalisation of the country’s steel industry.

18 June 2020

Uruguay telecoms fight shifts to new front

A US company’s bid to revive a US$65 million claim against Uruguay has been discontinued at ICSID, but the claimant’s owner has threatened the state with a new treaty claim.

17 June 2020

Undisclosed expert ties prove fatal to ICSID award

Spain has persuaded an ICSID committee to annul a €128 million award in favour of a solar power investor on the basis of arbitrator Stanimir Alexandrov’s failure to disclose a longstanding professional relationship with one of the claimant’s expert witnesses from the Brattle Group.

12 June 2020

Indian utility sees award upheld in Indonesia

An Indonesian court has reportedly dismissed a challenge to a US$68 million SIAC award in favour of a subsidiary of India’s Reliance Power over three coal-mining concessions.

12 June 2020

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