Work Area: Enforcement and set-aside

Hourani brothers settle with Kazakhstan

Kazakhstan has settled two ICSID cases brought by brothers who alleged their oil and pharmaceutical businesses were subject to a campaign of harassment due to their connection to a political rival of the state’s former president.

09 June 2020

ICC award enforced in India after two-decade saga

The Indian Supreme Court has enforced an ICC award rendered against a state entity nearly 20 years ago, rejecting arguments that a sole arbitrator’s refusal to extend a filing deadline in the wake of the 9/11 terrorist attacks prevented the award debtor from effectively presenting its case.

09 June 2020

Egypt gets stay of US$2 billion award

A US court has stayed the enforcement of a US$2 billion ICSID award against Egypt while the state pursues annulment proceedings – noting the potential impact on the country’s finances while it faces an economic crisis exacerbated by the coronavirus pandemic.

09 June 2020

Libya overturns billion-dollar award

UPDATED: A Cairo court has set aside a US$1 billion investment treaty award won by a Kuwaiti construction company against Libya, in a dispute over a contract to turn a Tripoli suburb into a tourist hotspot.

04 June 2020

Dual nationals’ award against Venezuela set aside

A French court has ruled that a jurisdictional award favouring two dual nationals in an investment treaty claim against Venezuela must be set aside in its entirety because the claimants were not Spanish nationals at the time they made their initial investments.

03 June 2020

Gazprom seeks set-aside of gas pricing award in Sweden

Russia’s Gazprom has applied to a Swedish court to set aside an award in favour of Poland’s state gas utility PGNiG that fixed a new gas price formula reportedly worth US$1.5 billion.

03 June 2020

Spain denied ECJ referral over ECT award

A Swedish court hearing Spain’s challenge to a €53 million Energy Charter Treaty award has for a second time refused to consult the European Court of Justice about the treaty’s compatibility with EU law.

02 June 2020

Insurers can’t escape payout for pollution suits

A US court has upheld awards in two separate cases requiring insurers to provide coverage to Philips 66 and ExxonMobil for lawsuits over pollution caused by a gasoline additive.

01 June 2020

Indian brothers lose appeal over pharma award

The Singapore Court of Appeal has upheld a US$530 million ICC award that found Indian brothers Malvinder and Shivinder Mohan Singh liable for fraud over the sale of a pharmaceutical business.

01 June 2020

Clorox revives claim against Venezuela

US-based cleaning products group Clorox has been given another shot at its US$185 million investment treaty claim against Venezuela after persuading a Swiss court to overturn a negative jurisdictional ruling.

29 May 2020

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