Region: Europe

Ukrainian state entity prepares Crimea claim

Ukraine’s national nuclear energy company has instructed counsel as it prepares to file a US$100 million treaty claim against Russia over the expropriation of a wind farm in Crimea.

06 January 2021

What you missed at ICSID

Before the holiday break, ICSID saw another solar award rendered against Spain, a stay lifted in another renewables case, a new €100 million claim against Albania and the settlement of a US$500 million claim against Uzbekistan.

04 January 2021

France's top court rules on territoriality

France's top court has issued an important decision confirming the territoriality of enforcement proceedings begun in the country and refusing to revive an attachment of funds belonging to Panama's Canal Authority that was lifted more than three years ago.

18 December 2020

Spain fails to unseat ICSID panel over refusal to travel

Spain has failed to disqualify an ICSID tribunal over its refusal to hold an in-person hearing during the covid-19 pandemic – and the failure of two of the arbitrators to disclose their participation in the Frankfurt Moot.

16 December 2020

ICC panel told to revisit Bangladeshi diesel plant award

The Swiss Supreme Court has ordered an ICC tribunal to reconsider its decision to uphold jurisdiction over claims against a South Korean subcontractor on a project to build a diesel power plant in Bangladesh.

14 December 2020

Equatorial Guinea loses ICJ claim over seized Paris mansion

The International Court of Justice has affirmed that diplomatic immunity does not extend to a Paris mansion seized by French authorities in aid of a corruption case against the son of Equatorial Guinea’s president.

14 December 2020

French court upholds Qatari waste plant award

A French court has largely rejected Qatar's bid to partially set aside a U$37 million ICC award won by a Singapore technology company over a waste facility.

11 December 2020

UK court remits damages after LCIA panel refuses to fix error

The Commercial Court in London has ordered an LCIA tribunal to reconsider an award in a dispute between two Russian businessmen after it refused to correct a “computational error” that resulted in US$58 million in damages being awarded, rather than US$4 million.

11 December 2020

Philip Morris prepares to file Ukraine claim

US cigarette company Philip Morris is set to file an ICSID claim against Ukraine over a €44 million fine imposed for allegedly conspiring to monopolise the country’s cigarette market.

09 December 2020

Bosnia defeats claim by Indian investors

Bosnia and Herzegovina has reportedly defeated a US$40 million treaty claim brought by Indian investors who alleged they were fraudulently induced to take part in the privatisation of an insurance company.

08 December 2020

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