Region: Europe

German court blocks intra-EU claim against Croatia

UPDATED: A German court has ruled that a claim brought by two banks against Croatia under an intra-EU bilateral investment treaty is inadmissible in light of the European Court of Justice’s ruling in Achmea.

16 February 2021

Statis suffer setback in Luxembourg

The Supreme Court of Luxembourg has overturned the enforcement of a US$543 million Energy Charter Treaty award won by Moldovan investors Anatolie and Gabriel Stati against Kazakhstan, ruling that a lower court had violated due process when it refused to admit evidence of the state's fresh fraud allegations.

16 February 2021

Sierra Leone loses challenge to ICC award

An English court has upheld an ICC tribunal’s decision to allow a mining company’s claims against Sierra Leone to go forward – dismissing arguments the claimant was required to observe a three-month “cooling off” period before bringing the arbitration.

15 February 2021

Addleshaw Goddard hires from Orrick in London

Maria Frangeskides, a former practice head at Coudert Brothers, is leaving the partnership at Orrick Herrington & Sutcliffe after almost 16 years to join Addleshaw Goddard in London.

15 February 2021

Dual nationals fail to revive Venezuela claim

A Dutch court has refused to allow a family of food investors to revive a US$240 million treaty claim against Venezuela that was rejected based on their dual nationality.

12 February 2021

Dutch court unfreezes Albanian oil revenues

A Dutch court has largely lifted attachments on Albanian government oil revenues previously granted to Italian investors seeking to enforce a €110 million ICSID award.

10 February 2021

Jones Day hires from Dechert in London

Investor-state arbitration and public international law practitioner Michelle Bradfield has left Dechert to join the partnership at Jones Day in London.

10 February 2021

Broadband provider brings ICSID claim against Serbia

A TV and broadband provider has filed an ICSID claim against Serbia, alleging it has suffered harassment from state authorities while its competitors have benefited from preferential treatment.

09 February 2021

US faces ICSID claim over oligarch asset seizures

Entities controlled by two Ukrainian oligarchs say they are bringing an ICSID claim against the United States in response to civil forfeiture actions targeting their assets.

09 February 2021

Convicted arbitrators’ award blocked in France

A French court has refused to enforce a US$26 million award against a prominent Qatari businessman that resulted in criminal convictions for the arbitrators – finding that their decision to move the arbitral seat and transform the case into an ad hoc proceeding was in breach of due process.

05 February 2021

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