News

Turkey defeats claim over takeover of media distributor

An ICSID tribunal has thrown out a €126 million claim against Turkey over the alleged expropriation of a real estate and media distribution group linked to exiled Islamic cleric Fetullah Gülen.

22 September 2021

Mexico liable for denial of justice

A NAFTA tribunal has ordered Mexico to pay US$47 million to a Canadian real estate investor over the failure of the country’s courts to address evidence that it was the victim of a fraud.

22 September 2021

Ask Jackie: LCIA chief takes questions in Paris

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

Spain marks 50th renewables claim as new reforms roil investors

Spain has been hit with its 50th treaty claim from renewable energy investors and a fresh US enforcement action, as surprise reforms to the sector announced last week raise the prospect of yet more claims.

21 September 2021

Albanian farming claim moves to merits phase

An UNCITRAL tribunal has said it can hear an Italian company’s BIT claim against Albania over an ill-fated agricultural joint venture, while excluding claims over the revocation of a land concession that occurred before the treaty entered into force.

21 September 2021

Morocco and Algeria face treaty disputes

A French telecoms company has lodged an ICSID claim against Morocco, while neighbouring Algeria has been threatened with a claim by a Spanish investor in a fertiliser venture.

21 September 2021

ICC announces new Asia and Middle East leadership

The International Chamber of Commerce has hired three new regional directors for business development of arbitration and ADR in Asia and the Middle East.

21 September 2021

Dubai scraps DIFC-LCIA

In a shock move, Dubai has abolished the DIFC-LCIA Arbitration Centre, along with the Emirates Maritime Arbitration Centre, and transferred their property, staff and cases to the Dubai International Arbitration Centre – DIAC.

20 September 2021

Edison declares win in LNG price review

Italian energy company Edison says it has defeated a price review claim worth several hundred million euros relating to a long-term contract for the purchase of liquefied natural gas from Qatar.

20 September 2021

ICSID panel splits representation of insolvent claimant

An ICSID tribunal has ruled that an insolvency administrator can represent a Latvian bank in an arbitration against the Baltic state – but that an ancillary claim over whether his appointment was itself a treaty breach should be argued by the bank’s former directors.

20 September 2021

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