Region: Europe

Peruvian contractor defends lawyers accused of “switching sides”

A Peruvian contractor has hit back at allegations that its victory in an ICC dispute over a refinery project was tainted by two lawyers’ move to a different law firm, calling it “nothing more than an eleventh hour tantrum”.

03 August 2021

Lithuania faces air defence claim

Ukrainian investors in an air defence contractor have reportedly threatened a €140 million claim against Lithuania after its activities were halted because of national security concerns.

30 July 2021

Ukrainian banker avoids suit over arbitration settlement

The Commercial Court in London has refused to hear a claim against the former owner of a defunct Ukrainian bank over the proceeds of an arbitration settlement he negotiated with another Ukrainian facing extradition from an EU member state.

28 July 2021

“Grand corruption”: Dutch panel rules against dos Santos

UPDATED WITH AWARD: A Dutch-seated tribunal has ordered an entity owned by billionaire Isabel dos Santos to return shares worth over €650 million to Angola’s national oil and gas company, ruling they were acquired illegally.

27 July 2021

Italian utility liable for breaching environmental guarantees

A Belgian chemicals producer says it has won a €90 million ICC award against an Italian utility over breaches of environmental guarantees concerning the billion-euro sale of two industrial plants.

23 July 2021

Luther promotes counsel in Hamburg

Tim Rauschning, who represented Sweden’s Vattenfall in its almost €6 billion ICSID claim against Germany over the country’s phase-out of nuclear energy, has been promoted to counsel at Luther in Hamburg.

23 July 2021

Manchester City loses appeal over transparency in financial probe

Football club Manchester City has failed to block publication of arbitration-related court rulings shedding light on the English Premier League’s still-pending investigation of its financial dealings.

22 July 2021

Latvian banker seeks to revive Kyrgyz award

A Latvian businessman is seeking to overturn a landmark French court ruling on corruption and reinstate his investment treaty award against Kyrgyzstan, GAR has learned.

22 July 2021

Italy as a seat?

Speakers at an event to mark the launch of a new English-language treatise on Italian arbitration by ArbLit partner Massimo Benedettelli hailed the jurisdiction’s favourable approach to arbitration.

22 July 2021

Poland declares win in heat and power dispute

Poland says it has defeated an Energy Charter Treaty claim worth almost €90 million brought by a group of investors in a project to use natural gas to generate combined heat and power.

21 July 2021

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