Region: Europe
Media dispute wrapped up in Milan
An Italian media group has settled a dispute over the €120 million sale of its historic headquarters to Blackstone after it failed to set aside an award issued in favour of the US private equity group by a Milan-seated tribunal.
22 July 2022
Russian and Ukrainian football clubs take FIFA to CAS
Football clubs in Russia and Ukraine are united in anger at FIFA’s decision to allow their foreign players to suspend their contracts and leave in light of the war between the two countries, with teams from each filing claims at the Court of Arbitration for Sport.
21 July 2022
Gide promotes in London and Warsaw
Saadia Bhatty, co-host of the Arbitration Station podcast, has been promoted to partner at Gide Loyrette Nouel in London, while the firm has also named Krzysztof Ciepliński as partner in Warsaw.
20 July 2022
Russia fails to quash jurisdictional awards in Crimea cases
UPDATED: A Dutch court has affirmed the jurisdiction of four UNCITRAL tribunals to hear Ukrainian investors’ treaty claims against Russia over assets in Crimea, including a US$10 billion claim by Naftogaz and others linked to oligarch Igor Kolomoisky.
19 July 2022
Kyrgyzstan ordered to pay Russian state hydro company
A Hong Kong-seated tribunal has ordered Kyrgyzstan to pay damages to a Russian state-owned hydroelectric company in a treaty claim over a frustrated project to build four power plants.
19 July 2022
Electricity consortium threatens Nigerian state agency
A consortium of investors in an electricity distributor in Nigeria has reportedly threatened to take the country’s privatisation agency to arbitration in the UK, accusing it of facilitating a forced takeover of the utility by a local lender.
19 July 2022
CAS upholds Russian football bans
Russian football’s governing body and four clubs have lost appeals at the Court of Arbitration for Sport over their exclusion from international competitions including the forthcoming World Cup as a result of the war in Ukraine.
19 July 2022
Luxembourg’s top court blocks Micula award
The Luxembourg Court of Cassation has quashed the enforcement of the Micula brothers’ ICSID award against Romania on the basis that the arbitration clause in the underlying investment treaty was nullified when the state joined the European Union.
18 July 2022
Glassmaker wins ICC award in post-M&A dispute
A Luxembourg-based glassmaker says it has won an US$84 million ICC award against France’s Saint-Gobain relating to a billion-dollar acquisition.
18 July 2022
Bolivia ordered to complete nationalisation of pension fund
An ICSID additional facility tribunal has ordered Bolivia to pay US$105 million and complete its acquisition of a Spanish banking group’s pension fund administrator, finding the investor had been held “hostage” by delays to the 12-year nationalisation process.
15 July 2022