Topic: Fraud and forgery

Former Cooley lawyer charged in fraud scheme

A former special counsel at Cooley has been charged in connection with an alleged fraud scheme spanning his time at the firm and at the Commonwealth Secretariat – with his wife, an anti-corruption lawyer, facing separate charges.

07 August 2020

German investor fails to revive settlement with Libya

A French court has refused to reinstate a US$120 million consent award in an investment treaty case against Libya that was rescinded after the tribunal found that the German claimant procured the settlement fraudulently.

17 July 2020

Danish panel decides M&A fraud claim

A Nordic private equity firm says it has been awarded €87 million after prevailing on a fraud claim arising from its purchase of an ice-cream equipment maker, though the seller disputes this account of the award.

23 June 2020

Buffett group wins damages in fraud claim

A conglomerate controlled by US billionaire Warren Buffett has been awarded €643 million after an ICDR tribunal found it was “fraudulently induced” into acquiring a German piping manufacturer based on fictitious revenue.

16 April 2020

Canadian miner defeats Zambian fraud suit

A court in Lusaka has thrown out a Zambian state entity’s fraud suit against a Canadian mining company on the basis it was “materially the same” as a claim already dismissed by an UNCITRAL tribunal.

06 April 2020

Glovemaker settles fraud claim in Singapore

A Malaysian rubber-glove manufacturer has agreed to settle a SIAC arbitration in which it claimed it was fraudulently induced into making a US$340 million acquisition, a dispute that also gave rise to litigation and asset freezes in Kuala Lumpur and Singapore.

05 March 2020

SIAC panel holds Repsol liable in fraud claim

A SIAC tribunal has issued a partial award in favour of China’s Sinopec Group in a US$5.5 billion fraud claim against Repsol relating to the purchase of a stake in a North Sea oil venture eight years ago.

17 February 2020

Billion-dollar mining fraud award upheld in London

The Commercial Court in London has rejected an application by a Guernsey mining company founded by Israeli billionaire Beny Steinmetz to set aside a US$2 billion LCIA award that found an iron ore concession in Guinea was procured using bribes.

02 December 2019

Malaysia's 1MDB wins appeal over challenge to LCIA settlement

The Court of Appeal in London has ruled that Malaysian sovereign wealth fund 1MDB can proceed with an application to set aside an allegedly fraudulent settlement of an LCIA arbitration with an Abu Dhabi government-owned entity amid a scandal over billions of dollars in misappropriated funds.

27 November 2019

Heilbron rejects fraud claim against drone developer

British arbitrator Hilary Heilbron QC has thrown out claims by a leading US supplier of tactical military radio equipment that it was fraudulently induced into signing a distribution deal with a Canadian developer of drones.

21 November 2019

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