News

ICCA Congress postponed again due to coronavirus

The biennial ICCA Congress, which was due to take place in Edinburgh in February, has once again been postponed due to the coronavirus as the UK experiences a second wave of cases.

15 October 2020

Accountant rejects earnout claim after sale of brickmaking assets

A German building materials company has lost its claim for a US$100 million earnout payment arising from its US$1.4 billion sale of assets to a US buyer.

15 October 2020

Will more renewables investors renounce claims against Spain?

Lawyers from Simmons & Simmons argue that the recent decision by UAE solar investor Masdar to renounce its award against Spain reflects the balancing act and challenges investors face when enforcing awards against states.

15 October 2020

Odebrecht bribery ruling upheld in Colombia

Colombia’s highest administrative court has upheld an award that nullified an Odebrecht consortium’s contract for a billion-dollar highway construction on grounds of corruption – a project that has also given rise to ICC claims and the threat of an investment treaty arbitration.

14 October 2020

Another bank's claim against Croatia clears intra-EU hurdle

An ICSID tribunal hearing an Austrian bank’s claim against Croatia has by majority rejected the state’s argument that the underlying bilateral investment treaty is incompatible with the EU legal order – in line with decisions in two other cases brought under the same intra-EU BIT.

14 October 2020

Spain solar case moves to quantum phase

An ICSID tribunal has found Spain liable for breaching a German solar investor’s legitimate expectations through the state’s renewable energy reforms – but said it would apply a discount to the damages awarded.

14 October 2020

Japanese distributor liable over diabetes products

A Chinese-owned developer of products for diabetes sufferers has applied to a US court to enforce a US$22.6 million ICC award against its Japanese former parent company concerning a terminated distribution deal.

14 October 2020

CMS partner heads for Australian boutique

Disputes and investigations practitioner Adam Greaves has left the partnership at CMS Cameron McKenna Nabarro Olswang to join the London office of Australian boutique Lipman Karas.

14 October 2020

Orange brings claim against Iraq

UPDATED: French telecoms group Orange has filed an ICSID claim against Iraq over the alleged expropriation of its US$500 million investment in a Kurdistan-based mobile phone operator.

13 October 2020

Renewables investors renew threats against Ukraine

Renewable energy investors are once again preparing to file investment treaty claims against Ukraine over reforms to its tariffs regime, alleging the state has failed to make good on an agreement designed to resolve the dispute.

13 October 2020

Get unlimited access to all Global Arbitration Review content