News

Eni brings ICSID case over Nigeria corruption claims

Italian energy company Eni has launched an ICSID arbitration against Nigeria in response to the state’s allegations that its US$1 billion purchase of an oil prospecting licence was the product of corruption.

08 October 2020

How an asset recovery team can help enforce against a sovereign state

Sovereign states have more resources, legal protections and avenues to deter or delay enforcement than your typical debtor. Given the many hurdles involved in proceedings against them, Phoebe Waters of Burford Capital explains why claimants with an award against a state are wise to engage an asset recovery team to assist them with enforcement.

08 October 2020

Italy faces new renewables claim

A group of renewable energy investors is the latest to bring an Energy Charter Treaty claim against Italy over reforms to its solar power sector.

08 October 2020

What's in the new ICC rules?

Although the new version of the ICC rules will not be officially unveiled until later this year, GAR can exclusively reveal some of the changes.

08 October 2020

New ICC rules to take effect next year

A new version of the ICC rules of arbitration will take effect on 1 January 2021, after revisions were approved by the ICC executive board.

08 October 2020

Nigeria defeats multibillion-dollar oil claim

Nigeria has defeated an ICSID claim said to be worth around US$3 billion, brought by US investors who alleged the state had conspired to expropriate their stake in an oil exploration venture.

07 October 2020

Mayer Brown hires Brazilian partner in London

Brazilian national Luiz Aboim has left White & Case to join the partnership at Mayer Brown in London, bringing experience of disputes in Portuguese-speaking countries in Latin America and Africa.

07 October 2020

DIFC courts launch arbitration group

The Dubai International Financial Centre (DIFC) Courts have launched a new arbitration working group to share best practice and help adapt efficient court services.

07 October 2020

Slovakia avoids damages in water dispute

An UNCITRAL tribunal has found Slovakia liable in a €128 million claim brought by a Polish mineral water producer, while refusing to grant the claimant any damages.

07 October 2020

Renewables investors to renounce awards against Spain

A Dutch energy company will waive a €64.5 million Energy Charter Treaty award against Spain in order to qualify for the state’s new renewables incentives regime, while two other award creditors may soon follow suit.

06 October 2020

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