Region: Europe

Czech Republic declares win in lottery terminal dispute

Cypriot companies owned by a former Czech senator have lost a US$164 million investment treaty claim against the Czech Republic over the cancellation of a licence to operate video lottery terminals.

28 July 2023

German courts offer protection to states facing intra-EU ICSID claims

DECISIONS NOW PUBLISHED: The German Federal Court of Justice has held that EU member states can use the German courts to seek legal protection against intra-EU ICSID claims filed under the Energy Charter Treaty.

27 July 2023

Uncertainty for funders after UK Supreme Court ruling

The UK Supreme Court has raised doubts about the enforceability of many litigation funding agreements in England and Wales, as funders look set to review the terms of their agreements.

26 July 2023

Nigeria too late to invoke state immunity in London

A UK appeal court has affirmed that a judge who granted ex parte enforcement of an investment treaty award against Nigeria did not have to undertake further investigation of sovereign immunity issues in circumstances where the state missed a deadline to challenge the order.

25 July 2023

Dutch court enforces award in US-Korean share transfer dispute

A US blockchain technology company has won leave to enforce a US$27 million ICDR award against a South Korean debtor in the Netherlands after attaching its local assets last year.

25 July 2023

Czech Republic avoids security order in plasma saga

The Commercial Court in London has refused to order the Czech Republic to pay security for the award or security for costs while it challenges a US$650 million investment treaty award over a blood plasma business – calling the investors’ costs estimate “absurdly high”.

24 July 2023

Kosovo Telecom loses challenge to ICC award

A Kosovan government-owned mobile operator has failed to overturn a €10 million ICC award that found it breached an obligation to negotiate a contract renewal in good faith.

21 July 2023

Portugal considers ECT withdrawal

Portugal is considering exiting the Energy Charter Treaty after the European Commission called for a coordinated withdrawal of the European Union and its member states.

21 July 2023

Bosnian energy company liable over coal plant disruption

Slovenia’s state electricity producer has reportedly won a €67 million UNCITRAL award against a Bosnian energy company over a power plant investment pre-dating the Bosnian war of the 1990s – as a related ICSID claim continues.

20 July 2023

KWM to close in Europe and Middle East

King & Wood Mallesons is to close its offices in the UK, Europe and the Middle East as it announces a cooperation agreement with Eversheds Sutherland.

20 July 2023

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