News

Albania creditors freeze aviation funds

Italian businessman Francesco Becchetti and several other investors have seized funds held by a Brussels-based international aviation body to satisfy a €110 million ICSID award against Albania.

08 January 2021

Dutch court sets aside Kazakh attachment ruling

The Dutch Supreme Court has set aside a decision upholding a US$5.2 billion attachment against Kazakhstan’s sovereign wealth fund over an Energy Charter Treaty award – while several US hedge funds with an interest in the award face renewed fraud allegations.

08 January 2021

Kosovan minister’s company may proceed with ICSID claim

An ICSID tribunal has ruled that the participation of a Kosovan minister in a claim against his own government was “possibly unprecedented” but not procedurally unfair, finding he was entitled to the same protections as any other businessman legitimately operating through a foreign company.

08 January 2021

Steinmetz bribery trial to begin in Switzerland

Israeli businessman Beny Steinmetz will face charges that he paid bribes to secure mining rights in Guinea during his criminal trial in Geneva starting on Monday, allegations that have also spawned LCIA and ICSID claims and a fraud suit in London.

08 January 2021

Dechert hires from Cleary

Enikő Horváth has left Cleary Gottlieb Steen & Hamilton – where she helped Greece defeat several claims over its financial crisis response – to join Dechert as a national partner in Paris.

08 January 2021

Alpiq pays to settle M&A dispute

Swiss energy company Alpiq has settled a €300 million dispute over the sale of its engineering services business that had been playing out in arbitration in Zurich.

07 January 2021

Huawei threatens Sweden over 5G ban

Chinese telecoms giant Huawei has threatened Sweden with a treaty claim over its exclusion from the rollout of 5G network technology in the country, amid concerns its equipment will be used for spying.

07 January 2021

Bolivian state entity settles cable-car dispute

A Bolivian state entity has paid to settle an arbitration with an Austrian contractor over a US$750 million project to develop the world’s largest cable-car system.

07 January 2021

Clyde & Co’s senior partner steps down

Peter Hirst is stepping down as Clyde & Co’s senior partner and co-chair of its global arbitration group to pursue opportunities outside of the law.

07 January 2021

Pharma company challenges cancer treatment award

A Taiwanese pharmaceuticals company has challenged an award issued in a €2 billion ICC dispute over a blood cancer drug, arguing it was not allowed to defend itself against a claim raised later in the proceedings.

06 January 2021

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