Region: Europe

Belgian centre rules on multibillion pharma fraud claim

A US pharmaceutical company says it has prevailed in what is thought to be the largest-ever case heard at Belgian arbitral institution CEPANI, concerning alleged fraud during a US$4.3 billion acquisition.

03 September 2021

Foley Hoag hires from Eversheds in Paris

Africa-focused lawyer Manuel Tomas has left his role as counsel at Eversheds Sutherland to join the partnership at Foley Hoag in Paris.

03 September 2021

ECJ says ECT doesn’t cover intra-EU disputes

The European Court of Justice has issued a landmark ruling that the investor-state arbitration clause in the Energy Charter Treaty does not cover intra-EU investment disputes.

02 September 2021

Lalive hires from Skadden in London

Genevieve Poirier has joined Swiss firm Lalive as partner in London from Skadden Arps Slate Meagher & Flom.

01 September 2021

Annacker quits ICSID panel over Achmea conflict

Dechert partner Claudia Annacker has resigned as tribunal chair in the first ICSID case against Denmark because of an alleged issue conflict relating to Achmea – as the claimant invokes a settlement procedure under the EU’s multilateral treaty for the termination of intra-EU BITs.

24 August 2021

French Council of State upholds Engie award

France’s supreme administrative court has upheld a €33 million ICC award in favour of a subsidiary of French utility Engie in a long-running dispute over the construction of an LNG terminal – affirming that the dismissal of a set-aside application is equivalent to an enforcement order.

24 August 2021

SCC appoints secretary general

Kristin Campbell-Wilson has been appointed secretary general of the Arbitration Institute of the Stockholm Chamber of Commerce.

23 August 2021

Spain ordered to pay German solar investor

An ICSID tribunal has ordered Spain to pay nearly €28 million to a German investor, nearly a year after finding that reforms to the country’s renewable energy subsidy regime frustrated the claimant’s legitimate expectations.

18 August 2021

Finnish investor launches second claim against Egypt

A Finnish businessman has made good on his threat to file a US$500 million investment treaty claim against Egypt over alleged expropriatory behaviour committed by the state after it lost a prior treaty arbitration.

17 August 2021

US broadcaster threatens Poland over foreign ownership law

The US television company behind the Discovery Channel has threatened Poland with an investment treaty claim over new laws that would ban foreign ownership of media companies in the country.

16 August 2021

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