Topic: Fraud and forgery

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

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

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

Hopes that the US Supreme Court might soon rule on the availability of discovery for foreign commercial arbitration have been revived thanks to a petition by a German-owned car parts company in a dispute over a billion-dollar M&A.

23 September 2021

A sole arbitrator at the ICC is to hear claims against the venture capital arm of France’s Total after a Houston start-up company accused it of fraud and misappropriation of trade secrets relating to a mobile fuel delivery service.

14 September 2021

A court in London has convicted ex-Cooley lawyer Joshua Brien of defrauding the Commonwealth Secretariat and his former law firm out of over £600,000, including by misdirecting fees paid by an arbitration client and the government of the Maldives.

13 September 2021

A prominent international sports official and his former lawyer have received jail sentences after being convicted of forgery in Geneva over their role in a fake arbitration.

10 September 2021

An LCIA tribunal has dismissed a US$480 million arbitration against the Bank of Ghana over a cancelled payments systems project after the claimant failed to post security for costs – a dispute that saw the bank raise allegations of fraud and corruption.

25 August 2021

The heirs of a Saudi official have once again failed to enforce an US$18 billion award against Chevron in the United States, as their counsel face the prospect of court sanctions for allegedly relying on a “fabricated” news article.

17 August 2021

The Court of Appeal in London has ruled that an LCIA award does not preclude Brazil’s Vale from bringing a US$500 million claim against entities beneficially owned by Israeli billionaire Beny Steinmetz to claw back some of the proceeds of a rescinded mining deal in Guinea.

16 July 2021