News
Another Crimea award surfaces in US court
A Ukrainian electricity company has wasted no time in applying to enforce an investment treaty award that found Russia liable for expropriating its assets in Crimea – putting the award in the public domain.
08 November 2023
Insurer chases ex-Nissan chairman over defence costs
A Japanese insurer that won an award against former Nissan chairman Carlos Ghosn after he fled criminal charges in Tokyo has been granted leave to attach his assets in Delaware.
08 November 2023
Russian court restrains HKIAC claim against state-owned bank
A St Petersburg court has restrained a subsidiary of Russia’s VTB Bank from bringing an HKIAC arbitration against the state-controlled lender – which is pursuing litigation to recover €112 million in alleged debts.
08 November 2023
Ashurst promotes in Frankfurt
Ashurst has promoted Pauline Walde – who joined the firm last year from McDermott Will & Emery – to counsel in Frankfurt.
08 November 2023
Online dispute resolution platform launches in London
CMS UK disputes head Guy Pendell and Iain Quirk KC of Essex Court Chambers have launched a new online dispute resolution service, which promises a binding award within two months and to resolve arbitration challenges within three days.
08 November 2023
ICC panel clears Derains of corruption in Congo case
An ICC tribunal has rejected allegations that a €1.7 billion award against the Republic of the Congo was obtained by bribing French arbitrator Yves Derains – finding the state’s claims were baseless, time-barred and an opportunistic attempt to delay enforcement proceedings.
07 November 2023
Final award in Bosnian power plant dispute
Slovenia’s state electricity producer says it has won €58 million in interest in a final award against the owner of a coal-fired power plant in Bosnia and Herzegovina – clearing the way for a related ICSID case to resume.
07 November 2023
UK parliament to vote on new arbitration law
King Charles III has announced that the UK government will be introducing new arbitration legislation to implement the reforms suggested earlier this year by the Law Commission of England and Wales.
07 November 2023
LCIA raises fee cap
The London Court of International Arbitration is set to raise its cap on arbitrator fees and other arbitration costs, and is also revising its terms and conditions for cases at the institution.
07 November 2023
Alston & Bird recruits from Pallas in London
Will Hooker has left Pallas Partners, the disputes boutique he helped to launch less than two years ago, to join the partnership at US firm Alston & Bird in London.
07 November 2023