Region: Belgium

Belgian-Brazilian hygiene M&A dispute settles

A Belgium-based provider of personal hygiene products has agreed to settle an ICC claim against a Brazilian pharmaceuticals group over a €300 million acquisition.

17 September 2021

Rwanda threatened over seizure of gold refinery

A Belgian business magnate has threatened Rwanda with a US$50 million ICSID claim, alleging his refinery was subject to a “hostile take-over” and the seizure of gold bars by state authorities.

09 September 2021

Belgian centre rules on multibillion pharma fraud claim

A US pharmaceutical company says it has prevailed in what is thought to be the largest-ever case heard at Belgian arbitral institution CEPANI, concerning alleged fraud during a US$4.3 billion acquisition.

03 September 2021

Belgian appeal court upholds Kazakh asset freeze

The Brussels Court of Appeal has upheld an attachment over US$542 million worth of Kazakh state assets obtained by Moldovan investors seeking to enforce an Energy Charter Treaty award.

09 July 2021

Dual national fails to revive Mauritius claim

A Belgian court has ruled that an UNCITRAL tribunal was right to decline jurisdiction over a French-Mauritian businessman’s US$1 billion treaty claim against Mauritius based on his dual nationality.

05 July 2021

Brussels court says tribunal secretaries can draft awards

UPDATED WITH TRIBUNAL: A Belgian court has refused to set aside an ICC award in favour of the European Commission on the basis of allegations that it was partly drafted by a tribunal secretary, ruling there was nothing wrong with the practice so long as their work is reviewed by an arbitrator.

30 June 2021

Belgian port authority says land seizure led to ICSID ruling

The Antwerp Port Authority has confirmed that its repossession of land at a concession held by UAE logistics group DP World led to a recent finding of liability against Belgium in a pending ICSID claim.

06 May 2021

Belgium liable to DP World over port disruption

A divided ICSID tribunal has found Belgium liable in a claim brought by UAE logistics group DP World over a container terminal in Antwerp that was disrupted by industrial action.

19 April 2021

Albania creditors freeze aviation funds

Italian businessman Francesco Becchetti and several other investors have seized funds held by a Brussels-based international aviation body to satisfy a €110 million ICSID award against Albania.

08 January 2021

Belgium seeks ECJ opinion on revamped ECT

Belgium has asked the European Court of Justice to weigh in on the intra-EU application of the arbitration provisions in a future update of the Energy Charter Treaty, as the European Commission signals it may propose withdrawal from the treaty if core objectives for reform are not met.

03 December 2020

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