Work Area: Enforcement and set-aside

“Wedding gift” to Gabonese mayor leads to set-aside

A French court has annulled a €90 million ICC award against Gabon after finding that a Maltese construction company’s gift of a luxury honeymoon trip to a public official was a “serious indication of corruption”.

26 May 2021

Intra-EU award against Hungary upheld

Hungary has failed to annul a €73 million ICSID award in favour of French food voucher services company Sodexo Pass International based on the Achmea ruling.

25 May 2021

SCC panel rules against in earbuds dispute

Swedish investors have brought proceedings in California to enforce a second SCC award against a company owned by musical artist relating to the aborted purchase of a wireless earbuds manufacturer.

24 May 2021

German investor seeks to revive Lebanese airline claim

A German businessman who suffered a net loss in his billion-dollar ICSID claim against Lebanon over the revocation of his private jet company’s aviation licences has instructed new counsel as he applies to annul the award.

21 May 2021

Swiss court upholds Syria award despite currency devaluation

A group of Turkish investors that won an ICC investment treaty claim against Syria over losses resulting from the country’s civil war have failed to overturn the arbitrators’ decision to award them compensation in Syrian pounds.

19 May 2021

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

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