News

Romanian oilfields dispute leads to ICC claim

An entity linked to Kazakhstan’s state-owned oil and gas company has been hit with an ICC claim, as a UK energy company tries to seize its minority stake in a Romanian oilfield.

23 October 2020

Romania secures extradition of ICSID witness

A London court has upheld a ruling allowing Romania to extradite the key witness in an ICSID case to face corruption charges – despite a recommendation by the arbitral tribunal that a warrant for his arrest be suspended.

23 October 2020

Buffett group drops Jones Day suit

A conglomerate controlled by US billionaire Warren Buffett has dropped a US$750 million suit against Jones Day, which it alleged had conspired to defraud it into buying an insolvent German piping business.

23 October 2020

Ashurst promotes in London

Ashurst has promoted Myfanwy Wood, who specialises in energy disputes, to the partnership in the firm’s London office.

23 October 2020

Study addresses wasteful concurrent proceedings

The interaction between courts and tribunals resolving claims over the same state measure must be redesigned to avoid wasteful concurrent proceedings, argue Gabrielle Kaufmann-Kohler and Michele Potestà in a recently published study.

23 October 2020

Vietnam threatened over housing project

A Korean real estate investor has threatened Vietnam with a US$79 million investment treaty claim over the alleged expropriation of its stake in a Ho Chi Minh City housing project.

22 October 2020

Decision dismissing Veeder-Douglas challenge surfaces

ICSID has published a decision that dismissed an attempt by the claimants in a case against Kuwait to disqualify the late VV Veeder QC and Zachary Douglas QC, who the claimants had proposed as tribunal chair but then later accused of a “pro-state bias”.

22 October 2020

Contractor fails in Samsung drillship award challenge

A London court has declined to hear a Luxembourg-based drilling contractor’s challenge to an arbitration award worth US$320 million won by Korean shipbuilder Samsung Heavy Industries.

22 October 2020

Clyde & Co hires Paris team from Foley Hoag

Hery Ranjeva and Ivan Urzhumov have left Foley Hoag, where they both represented Venezuela in high-profile investment disputes, to join the partnership at Clyde & Co in Paris along with three associates.

22 October 2020

More renewables investors drop Spain claims

Investors in three separate investment treaty disputes with Spain have reportedly agreed to drop their claims to take advantage of the state’s new renewables incentives regime.

21 October 2020

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