Region: Europe
Libya creditor targets former Gaddafi property in London
A US defence contractor is seeking to satisfy a £16 million ICC award against Libya through the sale of a London property previously owned by the family of the country’s former leader Muammar Gaddafi.
26 June 2023
Russia faces enforcement of US$5 billion award in DC
Ukrainian state oil and gas Naftogaz has asked a court in Washington, DC, to enforce its US$5 billion investment treaty award against Russia over assets seized during the annexation of Crimea – putting the award in the public domain.
23 June 2023
Panel formed for MOL's latest fight with Croatia
An UNCITRAL tribunal is in place to hear a contractual claim filed by Hungarian oil and gas group MOL against Croatia over the exploitation of hydrocarbons – the latest in a series of arbitrations between the parties.
23 June 2023
Romania defends ICC claim over offshore gas project
An Austrian-controlled energy company has brought an ICC claim against Romania over reforms affecting a multibillion-euro gas project in the Black Sea.
22 June 2023
Hungary adds new set-aside ground
Hungary has introduced a new provision allowing courts to set aside awards in construction disputes that failed to properly consider opinions issued by a state-endorsed performance body – a move practitioners have called “problematic”.
22 June 2023
Algerian water plant award survives French challenge
A French court has refused to set aside a partial award upholding jurisdiction over a US$290 million ICC claim brought by a subsidiary of Algeria’s national oil and gas company Sonatrach against its partners in a seawater desalination plant.
21 June 2023
Sanofi wins ICC case over recalled heartburn drug
French pharmaceuticals group Sanofi says an ICC tribunal has ruled in its favour in a dispute with Germany’s Boehringer Ingelheim over US litigation liabilities arising from withdrawn heartburn drug Zantac.
20 June 2023
Airbus takes Russian state-owned entity to ICC
Airbus is pursuing an ICC claim against a Russian state-owned leasing company over aircraft supply contracts disrupted by international sanctions.
20 June 2023
Negative jurisdiction award upheld in Turkish metro dispute
The Court of Appeal of The Hague has upheld an ICC award that declined jurisdiction over claims by a Siemens consortium against a Turkish city – the latest in a series of arbitrations over the construction of a metro system.
19 June 2023
Italian exporter threatens Tunisia over tax hikes
An Italian building materials supplier says it will pursue arbitration against Tunisia over new export taxes that have led it to suspend operations in the North African state.
16 June 2023