Topic: Fraud and forgery

Austrian pharma company alleges arbitral fraud

An Austrian pharmaceuticals company has asked a US court to grant discovery to support criminal allegations that its Taiwanese partner has made fraudulent statements in two ICC arbitrations arising from a multibillion-euro dispute over a blood cancer drug.

20 January 2022

Vietnam media group liable in M&A dispute

A SIAC tribunal has ordered a Vietnamese media group to pay nearly US$27 million to the Korean buyers of its interest in an electronic payments business that was implicated in an illegal online gambling ring.

13 January 2022

LCIA panel upholds Russian bank fraud claim

An LCIA tribunal has reportedly upheld fraud claims by two bailed-out banks against companies linked to the family of a Russian property tycoon but is still to rule on a claim for US$475 million in losses.

17 December 2021

Russian and Italian banks win round of oil services dispute

An English court has upheld a US$43 million LCIA award in favour of Russia’s Gazprombank and its Italian partner in an oil services venture while refusing to disqualify the arbitrators from related arbitrations.

14 December 2021

Bühler faces bid to revive conflict complaint

After the Paris Bar Council cleared him of an alleged conflict of interests relating to work at his old firm Jones Day, international arbitration practitioner Michael Bühler is facing a novel effort to reopen the allegation in the French courts.

10 December 2021

Success fee row leads to fraud conviction

A French-Italian consultant is fighting to overturn her conviction on fraud charges over her work on an enforcement matter against Equatorial Guinea – a saga that has also led to an ICC award finding she was wrongly deprived of a success fee.

10 December 2021

Old foe of DRC targets “stolen” assets in Maryland

A US investment firm seeking to collect on a nearly two-decade old arbitral debt from the Democratic Republic of the Congo is targeting properties in Maryland allegedly acquired by relatives of the country’s former president Joseph Kabila with stolen government funds.

08 December 2021

Breathing space for Russia after Yukos appeal ruling

The former majority shareholders of Yukos have said they are confident that awards requiring Russia to pay them US$57 billion will be upheld, after the Dutch Supreme Court today said the state’s allegations of fraud should be reviewed by a lower court.

05 November 2021

Real estate investors threaten claim against Armenia

A group of Russian and German investors have warned they will bring a US$38 million investment treaty claim against Armenia over the “theft and raid” of their investments in a real estate development in the country’s capital, Yerevan.

06 October 2021

Agility and Orange win fraud claim against Lebanese bank

A joint venture between Kuwaiti logistics group Agility and France’s Orange has won a fraud claim against a Lebanese bank concerning an investment in an Iraqi mobile operator that is the subject of two ICSID cases.

05 October 2021

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