Region: Africa & Middle East

Dubai's abolition of joint venture was a shock, confirms LCIA

The LCIA has confirmed that Dubai's recent abolition of its joint venture with the Dubai International Financial Centre and transfer of the assets to a rival arbitration centre came as a complete shock, as sources inside and outside the emirate speak to GAR off-the-record about the ramifications of this "outrageous expropriation of the crown jewel of the Dubai arbitration landscape".

15 October 2021

LCIA responds to Dubai's proposals on handling of DIFC-LCIA cases

The LCIA has said that its still in discussion with the authorities in Dubai over the handling of cases being conducted under the DIFC-LCIA rules in the wake of the emirate's abolition of their joint venture, after Dubai issued a statement proposing they be handled by the LCIA on a "secondment" basis.

15 October 2021

Malaysian state-owned entity takes Sudan to ICSID

Malaysia’s national oil and gas company Petronas has launched an ICSID claim against Sudan after a complex it operates in Khartoum was confiscated following allegations the land rights were illegally obtained.

12 October 2021

Congo accuses Derains of corruption

The Republic of the Congo has filed a criminal complaint alleging that a billion-euro ICC award against the state was obtained through corruption on the part of Yves Derains – allegations the leading French arbitrator has dismissed as “pure inventions”.

11 October 2021

Saudi Arabia lifts ban on Qatari sports broadcaster

Saudi Arabia is lifting its ban on Qatari state-backed broadcaster beIN Sport, paving the way for the potential settlement of a billion-dollar investment treaty dispute and a UK arbitration over the purchase of an English football club.

07 October 2021

Abu Dhabi courts take unified approach

The Abu Dhabi court system is taking a unified approach to the recognition of valid arbitration agreements in the face of parallel litigation, argues John Gaffney of Al Tamimi & Company in Abu Dhabi.

07 October 2021

Agility and Orange win fraud claim against Lebanese bank

A joint venture between Kuwaiti logistics group Agility and France’s Orange has won a fraud claim against a Lebanese bank concerning an investment in an Iraqi mobile operator that is the subject of two ICSID cases.

05 October 2021

Libya fails to overturn Austrian investor’s award

UPDATED: A US court has confirmed an investment treaty award requiring Libya to pay €84 million to an Austrian engineering company for construction contracts that were disrupted by the country’s 2011 revolution, as details of a separate award against the state worth €280 million emerge.

01 October 2021

Congo hit with another mining claim

An Australian mining company has launched an ICSID claim against the Republic of the Congo over the revocation of licences for iron ore projects, as the state faces contractual claims by two other miners totalling US$36 billion.

30 September 2021

Indian company wins claim over Rwandan power network

An Indian company has won US$32 million in a claim against a Rwandan state-owned entity over a contract for a power transmission network connecting Rwanda and the Democratic Republic of the Congo.

30 September 2021

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