Region: Europe
Reactions to UK arbitration reform proposals
Practitioners in the UK have been reacting to the Law Commission’s final recommendations for reform of the English Arbitration Act 1996 – with most praising its “pragmatic” approach but some disappointed at its refusal to address discrimination in arbitrator appointments.
08 September 2023
New Austrian boutique announces Hungarian hire
French-Hungarian investment arbitration practitioner Veronika Korom is joining a new Austrian disputes boutique set up last year by former lawyers at WilmerHale and Konrad Partners, which has its official launch next week.
08 September 2023
UK court grants anti-suit injunction to enforce foreign-seated ICC clause
The Commercial Court in London has granted an injunction to restrain litigation in Russia – enforcing an ICC arbitration clause that provides for a Paris seat.
07 September 2023
UK funder backs mining claim against Mexico
A London funder has agreed to finance a Canadian mining company’s US$180 million NAFTA legacy claim against Mexico.
07 September 2023
Vedanta settles feud over Zambian copper venture
Mining group Vedanta Resources has agreed a billion-dollar settlement with a Zambian state-owned entity to regain control of a copper-mining venture and bring an end to an UNCITRAL arbitration seated in South Africa.
06 September 2023
Draft bill published for reform of UK arbitration law
The Law Commission of England and Wales has published its final recommendations for reform of the Arbitration Act 1996, including on arbitrators’ disclosure duties and immunity, jurisdictional challenges to awards and deciding which law governs an arbitration agreement.
06 September 2023
Spanish firm hires in New York
Spanish firm Pérez-Llorca has hired Felipe Nazar from White & Case as its first international arbitration partner in New York.
06 September 2023
Hong Kong investors prepare treaty claim over Credit Suisse
Hong Kong investors affected by the write-down of Credit Suisse bonds are reportedly preparing an investment treaty claim against Swizerland – weeks after an Australian funder announced it would back another group of bondholders represented by Allen & Overy.
05 September 2023
Dutch appeal court refuses to stay intra-EU BIT claim
The Amsterdam Court of Appeal has rejected Poland’s latest bid to restrain a Dutch entity from pursuing arbitration under an intra-EU bilateral investment treaty.
04 September 2023
Eversheds recruits from Baker McKenzie in London
Katia Finkel has joined Eversheds Sutherland as partner in its international arbitration practice in London from Baker McKenzie.
04 September 2023