Region: Czech Republic

Squire Patton Boggs promotes in Prague

Squire Patton Boggs has promoted Vladimír Polách and Matej Pustay, who have both defended Kosovo in arbitration proceedings, to the partnership in Prague.

27 February 2023

Czech investor wins damages over bank collapse

Brussels-based banking group KBC says its subsidiary has been ordered to pay US$167 million to a Czech investor in a dispute over the collapse of a major bank – 16 years after the arbitration was first filed.

22 February 2023

Czech energy group brings ICC claim against Gazprom

CEZ, the majority state-owned Czech energy group, says it has launched a US$45 million ICC arbitration against Gazprom – the latest in a wave of claims over undelivered Russian gas supplies.

10 February 2023

Czech Republic threatens claim over exit from Soviet-era banks

The Czech Republic has threatened arbitration against two Moscow-led development banks created during the Soviet era, as the state looks to recover its investments after it withdrew its membership following the Russian invasion of Ukraine.

06 February 2023

Volterra Fietta can't collect fees under unlawful retainer

The High Court in London has affirmed that Volterra Fietta is not entitled to any of the nearly US$3 million it billed a client in an investment treaty arbitration under a conditional fee agreement that was found to be unlawful.

02 August 2022

Czech Republic challenges plasma award

The Czech Republic has applied to annul a US$650 million treaty award holding it liable for frustrating the investment of a blood plasma supplier and its owner, including through the state's actions in an earlier contractual arbitration, while revealing the investors had sought up to US$2.2 billion.

17 June 2022

Czech enforcement saga leads to treaty award

An UNCITRAL tribunal has ordered the Czech Republic to pay several hundred million dollars to a blood plasma supplier and its owner, finding that the frustration of their efforts to enforce a contractual arbitration award was in breach of an investment treaty.

01 June 2022

Investor alleges ICSID award undermines anticorruption efforts

A Swiss housing investor that won part of its case against the Czech Republic on liability but was denied any of the US$235 million it claimed in damages has applied to annul the award, saying it undermines efforts to combat corruption.

10 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

Czech Republic dodges damages over housing project

UPDATED: An ICSID tribunal has held the Czech Republic liable for actions taken by the mayor of a rural village over a thwarted housing development, while refusing to award any of the US$235 million in damages sought.

02 November 2021

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