Region: Europe

Estonian investors threaten sky-high claim against Ukraine

A group of Estonian investors has issued a notice of dispute threatening a claim of more than US$750 million against Ukraine for the “theft and raid” of their interests in Sky Mall in Kiev, arguing that they were also deprived of the value of an LCIA award.

04 May 2021

Czech Republic puts poppy claim to bed

The Czech Republic has defeated a US$100 million UNCITRAL claim brought by a Dutch company which alleged it was the victim of a fraudulent scheme relating to the sale of blue poppies and other commodities.

30 April 2021

Repsol again liable in multibillion North Sea oil venture dispute

Repsol has for a second time been held liable in a US$5.5 billion SIAC claim lodged by China’s Sinopec group over the purchase of a stake in a North Sea oil venture, although several other claims were dismissed in the latest partial award.

29 April 2021

Rawding finds fresh fields at Twenty Essex

After almost 40 years at Freshfields Bruckhaus Deringer, including several leading the international arbitration team in London, Nigel Rawding QC is joining Twenty Essex as an arbitrator.

29 April 2021

Yukos engineer's heirs threaten ECT claim against Bulgaria

Lithuanian siblings have threatened Bulgaria with an US$840 million Energy Charter Treaty claim, alleging the state took control of a fuel distributor owned by their father, a former Yukos associate, and suggesting the dispute contributed to his early death

28 April 2021

Ukraine faces claim over renewables reforms

Lithuanian renewables company Modus Energy has filed an Energy Charter Treaty claim against Ukraine – thought to be the first in a potential wave of cases the state could face over reforms to its tariffs regime.

28 April 2021

Dutch court adviser says Yukos awards should stand

An adviser to the Dutch Supreme Court has recommended that Russia’s bid to overturn the US$50 billion awards won by the former majority shareholders in Yukos should be dismissed.

23 April 2021

Hungary defeats hotel owner’s denial of justice claim

An ICSID tribunal has rejected a €10 million claim against Hungary brought by a Jordanian investor in a boutique hotel who alleged he was denied due process in liquidation proceedings.

23 April 2021

ECJ adviser appears to favour contract-based ISDS

An advocate general of the European Court of Justice has advised that individual arbitration agreements between EU investors and member states are compatible with EU law – but only if final awards are subject to “comprehensive review” by member states' courts.

22 April 2021

Galeries Lafayette loses bias challenge to ICC award

French department store chain Galeries Lafayette has failed to revive a €680 million ICC claim against BNP Paribas based on allegations that the arbitrators were biased.

22 April 2021

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