News

Libyan sovereign wealth fund defeats attachment bid

The French Court of Cassation has blocked a Kuwaiti arbitral creditor from attaching US$300 million worth of assets belonging to a Libyan sovereign wealth fund, in line with recent EU case law curbing attempts to target assets frozen by international sanctions.

08 September 2022

BVI non-signatories seek to escape Google claim

Two British Virgin Islands companies have asked a US court to overturn an ICDR award that found they are bound by an arbitration agreement in a US$146 million dispute with Google’s Asian arm over unpaid advertising fees.

08 September 2022

Bruno Leurent 1945-2022

The arbitration world continues to mourn Bruno Leurent, a leading specialist in the field and founder of Foley Hoag's Paris office, who has died aged 77.

08 September 2022

Hughes Hubbard recruits in Paris

Sébastien Bonnard has joined US firm Hughes Hubbard & Reed as partner in Paris after nine years as managing partner of Brown Rudnick’s office in the French capital, bringing a team with him.

08 September 2022

German court declares ICSID claims inadmissible

UPDATED: A German court has declared that two ICSID claims brought by German energy companies against the Netherlands are inadmissible as they are incompatible with EU law.

07 September 2022

Erdogan associate faces claim over pipeline project

A wealthy businessman who is said to be a close confidant of Turkey’s President Recep Tayyip Erdoğan is facing an ICC claim over an abandoned multibillion-dollar pipeline project to transport gas from Iran to Europe.

07 September 2022

Hong Kong cement investor warns Laos of treaty claim

A Hong Kong company has threatened Laos with an investment treaty claim over the expropriation of a cement production enterprise serving China’s Belt and Road initiative.

06 September 2022

France faces first known ECT claim

A German renewables producer has brought the first known claim against France under the Energy Charter Treaty, undeterred by the European Court of Justice's admonition that the treaty does not extend to intra-EU investor-state disputes.

06 September 2022

Baker picks up Addleshaw practice head in Hong Kong

Ronald Sum has joined the partnership at Baker McKenzie in Hong Kong after his former firm Addleshaw Goddard decided to close its office in the city.

06 September 2022

Nigeria settles multibillion steel dispute after ICC mediation

Nigeria has agreed to pay US$496 million to a company owned by India’s Mittal family to settle a 14-year dispute potentially worth billions over a contract to upgrade the country’s steel plants.

05 September 2022

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