Region: Europe

Arms dealer’s award against Guinea upheld

A French court has upheld a nearly €40 million ICC award won by an Israeli-owned arms company against Guinea, rejecting arguments that it violated an EU embargo on military sales.

16 April 2021

Tesco lets award out of the bag

UK supermarket chain Tesco says it has been held liable in an arbitration over the US$6 billion sale of its Korean retail business.

15 April 2021

Bond call can proceed in Rwandan power plant dispute

The Commercial Court in London has refused to restrain a call on a bond in a dispute over the US$215 million construction of a peat-fired power plant in Rwanda pending an ICC emergency arbitration in Singapore.

15 April 2021

Stay of Yukos awards upheld in London

A London court has rejected an application by the former majority shareholders in Yukos to lift a stay of enforcement over their US$50 billion awards against Russia, ruling they must wait until the Dutch Supreme Court rules on the state’s set aside bid.

14 April 2021

Eyewear maker can’t get look at covid docs

A Dutch appeal court has refused to allow French-Italian eyewear maker EssilorLuxottica to obtain discovery in a dispute over a €5.5 billion takeover disrupted by the covid-19 pandemic.

08 April 2021

Ukrainian road dispute heads to arbitration

Ukraine’s road authority is to file an arbitration after a FIDIC adjudicator ordered it to pay €10 million to a Chinese state-owned company for terminating a road repair contract.

07 April 2021

SCC secretary general steps down to tackle climate change

Annette Magnusson is leaving her role as secretary general of the Arbitration Institute of the Stockholm Chamber of Commerce after 11 years to co-found a practice addressing climate change.

31 March 2021

Latvia case scrapped over failure to post security

A Ukrainian scrap metal investor has seen his ICSID claim against Latvia dismissed over his failure to post security for costs – after failing to disqualify the entire tribunal for allegedly making “sarcastic and derogatory” comments towards him.

31 March 2021

Russia overturns billion-dollar Crimea award

In a major victory for Russia, a French court has annulled a US$1.1 billion award that compensated a Ukrainian state-owned bank for the expropriation of its assets in Crimea, finding that the underlying treaty did not protect investments made before 1992.

30 March 2021

Swiss boutique makes first promotion

Daniel Durante has become the first partner to be promoted at Patocchi & Marzolini, the Geneva disputes boutique set up seven years ago by former members of Lenz & Staehelin.

30 March 2021

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