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A Brazilian court has upheld an ICC award in an acrimonious dispute over the multibillion-dollar sale of a pulp producer, dismissing allegations the procedure was tainted by a cyberattack and a conflict of interests and awarding US$114 million in legal fees to the winning side.
04 August 2022
The High Court in London has affirmed that Volterra Fietta is not entitled to any of the nearly US$3 million it billed a client in an investment treaty arbitration under a conditional fee agreement that was found to be unlawful.
02 August 2022
The first-ever ICSID claim against Switzerland has been discontinued for failure to pay costs after the claimant was liquidated in the Seychelles at the request of its former arbitration counsel.
25 January 2022
The Law Reform Commission of Hong Kong has recommended that a ban on success fees in arbitration should be lifted to bring the special administrative region in line with other major arbitral seats.
15 December 2021
US firm Brown Rudnick has sued to recover fees from an Austrian construction client after successfully defending it in a US$100 million ICDR arbitration.
01 October 2021
At a Q&A for Paris Arbitration Week, LCIA director general Jacomijn van Haersolte-van Hof discussed what makes the perfect arbitrator, why institutional appointments are a good thing, and the use of “closet” tribunal secretaries.
22 September 2021
A Dutch national who won a US$45 million investment treaty award against Vietnam is suing his arbitration counsel King & Spalding, accusing the firm of colluding with third-party funder Burford Capital to cheat him out of his due share of the proceeds.
15 June 2021
As UNCITRAL draws closer to formulating recommendations for ISDS reform, Allen & Overy partner Matthew Hodgson has updated his study of damages and costs in investment treaty arbitration, confirming that tribunals are giving these issues greater attention even as costs incurred by claimants and respondents have dropped.
03 June 2021
London boutique Volterra Fietta has been ordered to repay US$1.6 million to a former client after its conditional fee agreement for an investment treaty arbitration was found to be unenforceable.
25 May 2021
A Delaware court has allowed Dentons to have a former client's US$250 million ICC award against the Democratic Republic of the Congo seized to recover unpaid legal fees.
30 August 2019
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