Region: Africa & Middle East
Shearman promotes in DC and Abu Dhabi
Shearman & Sterling has promoted Jesse Sherrett in Washington, DC and David Hume in Abu Dhabi to partner.
14 June 2022
Iraqi sea wall award comes to light
A Greek contractor has applied to enforce a US$105 million ICC award against an Iraqi state ports company over a record-breaking sea wall whose construction was allegedly delayed by an ISIS offensive and other issues.
07 June 2022
Singapore’s Keppel brings ICC claim over Doha sewage plant
A subsidiary of Singaporean conglomerate Keppel has filed a US$126 million ICC claim against the Qatar Public Works Authority over a terminated contract to build a sewage treatment plant in Doha.
01 June 2022
Libya loses appeal over Austrian investor’s award
A US appeals court has upheld an Austrian construction company’s €84 million investment treaty award against Libya, rejecting arguments that the tribunal did not issue a final decision and exceeded its powers.
31 May 2022
Guinea declares win in Steinmetz ICSID case
An ICSID tribunal has rejected mining company BSG Resources’ US$5 billion claim against Guinea over rights to the world’s largest iron ore deposit, the West African state has announced.
20 May 2022
Funder sues treaty claimant after settlement with Egypt
A disputes funder that provided initial financing for an investment treaty claim against Egypt before going bankrupt is now suing the successful claimant for a share of the settlement proceeds.
20 May 2022
UAE authority loses treaty claim against India
An UNCITRAL tribunal has reportedly dismissed a US$273 million investment treaty claim against India brought by an Emirati investment authority over a cancelled bauxite supply agreement.
19 May 2022
Ghana may face treaty claim after state bank thwarts arbitration
An English court has ruled that an arbitrator has no jurisdiction to hear an Indian commodities group’s US$300 million claim against a Ghanaian state-owned bank – but could the dispute turn into an investment treaty claim?
18 May 2022
Iranian gas award surfaces in US court
The UAE’s Crescent Petroleum has asked a US court to enforce a US$2.4 billion award against Iran’s national oil company, shedding light on a fraught 13-year arbitration that saw three arbitrators resign and a tribunal chair disqualified.
17 May 2022
Nigeria passes new arbitration law and allows funding
Practitioners in Nigeria are celebrating after the country passed a new arbitration and mediation law including new provisions on arbitrator immunity, interim measures and third-party funding.
16 May 2022