Topic: Insolvency

Award creditors threaten new treaty claim against India

Shareholders in Devas Multimedia have threatened India with a new investment treaty claim over its alleged efforts to thwart enforcement of ICC and UNCITRAL awards worth a combined US$1.4 billion.

07 May 2021

Colombia defeats ICSID claim over bank measures

Colombia has defeated a US$40 million ICSID claim brought by an investor in a bank that was nationalised during the country’s financial crisis in the 1990s.

20 April 2021

IBA releases toolkit on insolvency and arbitration

The International Bar Association has released a toolkit providing guidance for when a party to an arbitration is subject to insolvency proceedings.

24 March 2021

How covid insolvencies affect arbitration

With company bankruptcies on the rise because of the pandemic, Noah Rubins QC, Thomas Walsh and Ketevan Betaneli of Freshfields Bruckhaus Deringer look at the interplay between insolvency and arbitration and how to ensure an award is worth more than the paper on which it is written.

18 March 2021

Albania award creditor wound up at funder’s request

An Australian disputes funder that financed an ICC claim against Albania has obtained a Cayman winding-up order against the claimant after the proceeds of the award were seized by an Albanian bailiff.

09 March 2021

Uganda fails to knock rail claim off track

A UK court has upheld a tribunal’s decision to allow a rail company’s claim against Uganda to proceed without permission from the claimant’s Ugandan court-appointed liquidator.

02 March 2021

US court bars settlement of Indian satellite dispute

A US court has temporarily blocked Bangalore-based Devas Multimedia from settling a dispute over a US$562 million ICC award against Indian state-owned satellite company Antrix – amid allegations of a “government hijacking” after a liquidator took control of Devas, accused it of fraud and fired its counsel.

02 March 2021

Landau helps defeat bid to remove Rajah & Tann

English barrister Toby Landau QC has helped Rajah & Tann defeat an attempt by a Singaporean billionaire’s family to have the firm removed as counsel to the judicial managers of their shipping and oil trading businesses.

26 February 2021

Funder chases client after Albanian bailiff seizes ICC award

The Australian disputes funder behind a Cayman oil company’s ICC claim against Albania has applied to wind up the claimant after the proceeds of the arbitration award were sequestered by a bailiff in Tirana.

04 February 2021

Zambian court halts liquidation of mining venture

A court in Zambia has blocked proceedings brought by a Zambian state-owned entity to wind-up its copper mining joint venture with the UK’s Vedanta Holdings, pending the resolution of an UNCITRAL arbitration between the parties.

23 November 2020

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