News

Russian state banks warn of claims against Ukraine

Two Russian state-owned banks have said they will pursue international arbitration against Ukraine after its parliament approved measures allowing for the seizure of their assets.

12 May 2022

Arbitration in the era of sanctions

A panel at GAR Live London addressed the problems of conducting arbitrations in “an era of sanctions and increased hostile international relations”, prompting debate over whether Russian parties are being unfairly denied access to justice.

12 May 2022

Mexico defeats bulk of claim over ship seizures

A divided UNCITRAL tribunal dismissed the bulk of a Singaporean investor’s US$227 million treaty claim against Mexico relating to the seizure of vessels during a fraud probe, a newly published ICSID award reveals.

12 May 2022

Five Web3 predictions for the NFT age

In an article which has been minted as the first international arbitration collectable NFT, Matthew Townsend of Fangda Partners in Hong Kong identifies five ways Web3 could change practice in the field: including driving the development of new funding models, "on-chain" adjudication, protocols for managing procedure and evidence, tokenised arbitral awards and identification of parties through digital wallets.

12 May 2022

Gas payment issues in Europe: what are the next steps?

Squire Patton Boggs partners Michelle Bock, Max Rockall, Stephen Anway and George von Mehren consider the options available to European importers of Russian gas in the wake of President Putin’s decree that supplies should be paid for in Russian roubles.

11 May 2022

Vasani heads to Twenty Essex

Baiju Vasani, who resigned from Russian firm Ivanyan and Partners earlier this year after representing Russia in various investment treaty disputes, is to join Twenty Essex in London.

11 May 2022

Turkmenistan joins New York Convention

Following a recent transfer of presidential power from father to son, Turkmenistan has become the 170th country and last former Soviet state to accede to the New York Convention.

11 May 2022

Spain hit with another ECT award

A divided ICSID tribunal has ordered Spain to pay almost €33 million to a Mexican billionaire’s company over cuts to the state’s renewable energy subsidy regime.

10 May 2022

Study finds green transition could prompt US$340 billion in ISDS claims

Government action to stop global warming could trigger more than US$340 billion in claims from oil and gas investors, according to a new study calling for an “abolitionist approach” to investment treaties.

10 May 2022

Simmons & Simmons names practice co-head

Simmons & Simmons has appointed Paris-based partner Philippe Cavalieros as co-head of its global arbitration practice.

10 May 2022

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