Region: Europe

Finnish energy company threatens Russia with multibillion-euro claim

Finland’s majority state-owned energy company has threatened Russia with an investment treaty claim worth several billion euros after its operations in the country were seized under a presidential decree.

13 July 2023

Huawei retains Simmons for treaty dispute with UK

Chinese telecoms group Huawei is taking counsel from Simmons & Simmons in a potential investment treaty claim against the UK.

13 July 2023

Crypto lender seeks to halt arbitration

A bankrupt cryptocurrency lender has asked a US court to restrain a Swiss Arbitration Centre proceeding filed by a company that allegedly refused to return US$150 million in digital assets, as its embattled CEO is charged with misleading investors.

13 July 2023

Shipbuilder drops claims in Mozambique bribery dispute

Mozambique has seen the end of four arbitrations lodged by an Abu Dhabi-based shipbuilder that the state accused of paying bribes to procure sovereign guarantees for lenders – allegations at the centre of a US$2 billion lawsuit pending in the UK courts.

12 July 2023

Cameroon fails to set aside construction award in France

A French court has upheld a €23 million ICC award against Cameroon over the construction of a bridge, rejecting the state’s argument that the substitution of one of the claimants amounted to fraud.

12 July 2023

Semenya wins human rights appeal

The European Court of Human Rights has found that the Court of Arbitration for Sport and the Swiss courts failed to provide an effective remedy to South African runner Caster Semenya when they upheld rules that prevented her from competing in certain events.

11 July 2023

European Commission formally proposes ECT withdrawal

Following failed efforts to modernise the Energy Charter Treaty, the European Commission has formally called for the EU and its member states to withdraw from the treaty in a “coordinated and orderly manner”.

07 July 2023

Cypriot real estate investor gambles on arbitration

A Cyprus-based company controlled by an online poker entrepreneur has filed an ICC claim against two Spanish real estate developers over a €600 million luxury complex in Madrid.

07 July 2023

Albania passes new arbitration law

The Albanian parliament has passed a new arbitration law based on the UNCITRAL Model Law as it seeks to encourage greater foreign investment in the country.

07 July 2023

Germany pays to end car toll dispute

UPDATED: Germany has agreed to pay €243 million to a European joint venture to settle a dispute at the German Arbitration Institute (DIS) over a cancelled contract for a car toll system, but a second arbitration reportedly continues.

06 July 2023

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