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An English court has upheld a US$19 million ICC award relating to a Chinese mining project in the Democratic Republic of the Congo, rejecting arguments that the case should have been adjourned when a counsel took ill with covid-19 and that the tribunal erred by awarding the victor its third-party funding costs.
08 December 2021
The Democratic Republic of the Congo has reportedly filed an ICC claim against two companies owned by sanctioned Israeli billionaire Dan Gertler, seeking US$154 million and the termination of a contract for two oil blocks.
02 December 2021
An Icelandic-owned entity has launched an ICC claim against Cabo Verde after the African island nation announced plans to renationalise its flag carrier in the wake of the covid-19 pandemic.
30 November 2021
The Republic of the Congo has failed to disqualify Swiss arbitrator Charles Poncet from hearing an US$18 billion ICC claim by two mining companies based on his repeat appointments by the claimants’ law firm, Clifford Chance.
29 November 2021
One of Japan’s largest construction companies says it has defeated the bulk of a US$944 million JCAA claim brought by its partners in a consortium that worked on a major highway project in Algeria.
29 November 2021
A Finnish businessman has seen his US$121 million investment treaty award against Egypt upheld in the Dutch courts, at the same time failing to revive an attachment over a state-owned property in The Hague.
23 November 2021
Bahrain has been ordered to pay over €200 million damages plus costs to two Iranian state-owned banks for the unlawful expropriation of their banking venture in Manama in an act of "political retribution" in the wake of the 2015 Iran nuclear deal – but the state says a set-off means the financial value of the award could be eroded to nothing.
22 November 2021
A Luxembourg company has failed to revive a US$763 million ICDR claim against US oilfield services group Baker Hughes over a liquefied natural gas project in Nigeria.
19 November 2021
The world’s largest nickel producer says it is has settled a dispute with the Botswanan government over the aborted sale of its African assets, which gave rise to an LCIA claim worth US$277 million.
18 November 2021
UAE businessman Tariq Humaid Al Tayer is to chair the board of the new, overhauled Dubai International Arbitration Centre formed following the abolition of the LCIA's Dubai joint venture.
17 November 2021
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