Region: Africa & Middle East
Split ICC panel sides with Libyan state entity
A divided ICC tribunal has ruled that Libya’s national oil company can buy out its Emirati partner in a refinery venture – as a dissenting arbitrator complains of due process violations and says the award “deprives a bona fide investor of its investment”.
08 March 2022
Iraq faces ICSID claim over power plant
A Lebanese company has brought a US$108 million contractual claim against Iraq at ICSID over a power plant project, asking that it be heard together with a claim under the OIC Investment Agreement.
07 March 2022
DIAC unveils rules amid continued uncertainty
The Dubai International Arbitration Centre has issued new rules and named the members of its new arbitration court, in the wake of a shock decree that makes it the principal arbitral institution in the emirate.
07 March 2022
Czech Republic reports win against Dubai investor
The Czech Republic says it has defeated a Dubai investor’s US$20 million treaty claim over the city of Prague’s refusal to conclude a land rental agreement.
03 March 2022
Vinson & Elkins’ Dubai head leaves to launch boutique
Amir Ghaffari has left his role as managing partner of Vinson & Elkins’ Dubai office to set up a new international arbitration boutique in the United Arab Emirates.
23 February 2022
Egyptian authority to settle fight over port project
An Egyptian port authority has agreed to pay US$260 million to settle a long-running dispute over a cancelled project to build a container terminal facility that spawned three ICC cases and an ICSID claim.
18 February 2022
Steinmetz lawyers say Vale award may be reopened after fraud trial collapses
Beny Steinmetz’s eponymous mining company may seek to overturn a US$2 billion LCIA award in favour of Brazil’s Vale following the collapse of a related fraud litigation this week, the Israeli businessman’s lawyers have said.
17 February 2022
Canadian miner reports win in Zambian electricity dispute
A subsidiary of Canada’s First Quantum Minerals has won an UNCITRAL claim against a Zambian state entity over electricity supplies to its copper mining facilities in the country – a dispute that also gave rise to an English court injunction.
16 February 2022
Qatar threatened with multibillion-dollar claim
A Panama-registered foundation has reportedly threatened Qatar with a US$6 billion investment treaty claim over the frustration of its efforts to enforce a judgment against a member of the Gulf state’s ruling family.
14 February 2022
Spanish contractor weighs claim over Dubai metro project
Spanish construction company Acciona is reportedly considering international arbitration against the United Arab Emirates over cost overruns on a billion-dollar project to expand the Dubai metro.
04 February 2022