Region: Africa & Middle East
Covington promotes in London
Covington & Burling has promoted Monique O'Donoghue to partner in its London office, four years after she returned to the firm from K&L Gates.
05 October 2022
Canada BIT award upheld at ICSID
A subsidiary of Russian-owned telecoms group Veon has failed to revive a US$1.8 billion investment treaty claim against Canada – while the state has also failed to partially annul the award.
03 October 2022
LCIA hears another Kurdistan oilfield dispute
The Kurdistan regional government of Iraq is bringing an LCIA claim against a London-listed oil company after terminating two production-sharing contracts.
30 September 2022
Burford backs revived Nigerian hydro claim
Burford Capital is funding an ICC claim against Nigeria reportedly worth US$400 million arising from the purported settlement of a prior arbitration over a hydropower project.
27 September 2022
New ICSID claims against Qatar and Mexico
A French-Algerian consultant has taken Qatar to ICSID, while Mexico is facing a claim by a US investor in its capital city’s parking system.
15 September 2022
Baker McKenzie splits with UAE partner over anti-gay tweets
Baker McKenzie is cutting ties with leading Emirati arbitration practitioner Habib Al Mulla after he published tweets calling homosexuality “evil” and comparing it to paedophilia.
12 September 2022
How a Nigerian steel saga settled after 14 years
More details have emerged about a multibillion-dollar ICC dispute that is said to have paralysed Nigeria’s steel industry for 14 years before the parties agreed to settle for a significantly reduced sum.
09 September 2022
French investor fails to revive award against Libya
The French Court of Cassation has upheld a decision to annul an ICC investment treaty award against Libya based on corruption allegations that were never raised in the arbitration.
09 September 2022
Libyan sovereign wealth fund defeats attachment bid
The French Court of Cassation has blocked a Kuwaiti arbitral creditor from attaching US$300 million worth of assets belonging to a Libyan sovereign wealth fund, in line with recent EU case law curbing attempts to target assets frozen by international sanctions.
08 September 2022
Nigeria settles multibillion steel dispute after ICC mediation
Nigeria has agreed to pay US$496 million to a company owned by India’s Mittal family to settle a 14-year dispute potentially worth billions over a contract to upgrade the country’s steel plants.
05 September 2022