News

LCIA award cancels debts to Russia’s Sberbank in refinery dispute

A Swiss oil trader says it has won an LCIA award that cancels debts of over US$1 billion to Russia’s Sberbank after the majority state-owned financial institution was found to have driven a Siberian refinery into bankruptcy.

27 June 2022

Bosnia liable in hydroelectric power plant dispute

An ICSID tribunal has reportedly ordered Bosnia and Herzegovina to pay €45 million to a Slovenian investor in an Energy Charter Treaty dispute over a cancelled contract to construct two hydroelectric power plants.

27 June 2022

Metaverse gathering for Young ICCA mentors and mentees

In a twist to its usual activities, Young ICCA has held a technologically cutting-edge career development event for participants in its mentoring programme - with Dana MacGrath and Toby Landau QC sharing advice in the Metaverse.

25 June 2022

ECJ dismisses London award in oil spill saga

Following what is thought to be the last reference from an English court pre-Brexit, the European Court of Justice has ordered that an €855 million Spanish court judgment over an oil spill in the Atlantic must be enforced in England and denied the jurisdiction of a sole arbitrator who issued “irreconcilable” rulings years earlier.

24 June 2022

Ice cream maker’s Israel boycott to go to arbitration, as US suit frozen

A claim over US ice cream maker Ben & Jerry’s boycott of Israel is to be arbitrated in New York following a partial stay of US court proceedings.

24 June 2022

Another solar investor brings claim against Argentine grid manager

A subsidiary of a Spanish-British renewables producer has launched the latest in a series of UNCITRAL claims against Argentina’s electricity market manager at the Permanent Court of Arbitration, as another such case is discontinued.

24 June 2022

Uruguay wins costs from US telecoms company

A US court has enforced an ICSID award requiring a Florida telecoms company to pay nearly US$6 million in costs plus interest to Uruguay following an unsuccessful treaty claim that was backed by a third-party funder.

24 June 2022

New co-chairs for French under-40 group

The French Arbitration Committee’s under-40 group, CFA40, has named Juliette Asso of Lalive, Sarah Monnerville Smith of Eversheds Sutherland and Armand Terrien of Terrien Avocat as its new co-chairs.

24 June 2022

Lahore cleaning contract lands Pakistan at ICSID

Two Turkish companies have filed an ICSID claim against Pakistan over a US$174 million contract for waste disposal services in the city of Lahore after their offices were reportedly raided by local authorities.

23 June 2022

Pinna leaves Foley to launch Paris boutique

Andrea Pinna has opened his own Paris boutique, leaving his role as head of international arbitration at Foley Hoag in Paris after the firm withdrew from representing Russia following its invasion of Ukraine.

23 June 2022

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