News
Repsol brings claim against US gas supplier
Spanish energy company Repsol has reportedly filed a US$100 million ICC claim against US exporter Venture Global – the fourth known case the supplier is facing over its alleged failure to provide contracted natural gas deliveries.
21 September 2023
UK appeal court grants anti-suit injunction in aid of French arbitration
The Court of Appeal in London has restrained a party to a pending Paris-seated ICC arbitration from pursuing litigation in the Russian courts, overturning an earlier ruling that declined to issue the relief.
21 September 2023
Privy Council stays Cayman winding-up in favour of arbitration
The Privy Council in London has held that a Cayman court petition to wind up the operator of a billion-dollar Chinese convenience store business should be stayed because the matters at the heart of the petition fall within the scope of a Beijing-seated ICC arbitration clause.
21 September 2023
Serbia defeats Bulgarian miner’s ICSID claim
An ICSID tribunal has rejected a Bulgarian company’s €35 million claim against Serbia over the alleged expropriation of an underwater coal mine.
20 September 2023
UK Supreme Court allows Mozambique bribery suit to proceed
The UK Supreme Court has held that bribery claims brought by Mozambique in a US$2 billion suit against an Abu Dhabi shipbuilder don’t fall within the scope of Swiss-law arbitration agreements – the first time it has ruled on the stay provisions in the Arbitration Act 1996.
20 September 2023
Awards emerge in Bangladeshi energy disputes
As Bangladesh contends with an energy crisis, details of two concluded arbitrations against state entities in that sector have come to light – including one where a contractor unsuccessfully argued that an influx of Rohingya refugees from Myanmar prevented it from building a solar park.
20 September 2023
Petit leaves Norton Rose to lead Stewarts practice
Sherina Petit is set to leave Norton Rose Fulbright in London, where she headed the India practice and EMEA arbitration practice, to join Stewarts as head of international arbitration.
20 September 2023
A new era for investment disputes across Africa?
The modernisation of the African investment treaty system and implementation of the African Continental Free Trade Area is underway, with the African Union’s adoption of the final draft of the investment protocol earlier this year, writes Thomas Kendra of Hogan Lovells in Paris.
20 September 2023
Iranian funds leave Korea after US prisoner swap
South Korea has confirmed the transfer of billions of dollars of Iranian funds that were frozen four years ago because of US sanctions – and gave rise to the threat of an investment treaty claim by Iran’s Central Bank.
19 September 2023
Cadwalader partner joins Quinn Emanuel in London
Melis Acuner has left the partnership at Cadwalader Wickersham & Taft in London to join Quinn Emanuel Urquhart & Sullivan.
19 September 2023