Region: France

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

Malaysia gets stay of mega-award as assets frozen in Luxembourg

A French court has granted Malaysia a stay of a US$15 billion award won by heirs to a sultanate on the island of Borneo after finding its enforcement could infringe on the country’s sovereignty – as the heirs secure an attachment over Luxembourg subsidiaries of the Malaysian national oil company.

12 July 2022

Lithuania stymied by its own courts in Veolia dispute

Lithuania has once again been stymied by its own judiciary in a fight with French environmental services group Veolia, as an appeal court upholds a decision refusing to admit claims the state originally raised in an intra-EU ICSID dispute between the parties.

28 June 2022

ECJ dismisses London award in oil spill saga

Following what is thought to be the last reference from an English court pre-Brexit, the European Court of Justice has ordered that an €855 million Spanish court judgment over an oil spill in the Atlantic must be enforced in England and denied the jurisdiction of a sole arbitrator who issued “irreconcilable” rulings years earlier.

24 June 2022

New co-chairs for French under-40 group

The French Arbitration Committee’s under-40 group, CFA40, has named Juliette Asso of Lalive, Sarah Monnerville Smith of Eversheds Sutherland and Armand Terrien of Terrien Avocat as its new co-chairs.

24 June 2022

Copacabana kickabout cited in conflict challenge

A Brazil v Rest of the World football match organised as part of the ICCA Congress in Rio de Janeiro over a decade ago has been cited as part of a failed bid to annul an award in a €70 million ICC dispute, after it was argued that Italian arbitrator Stefano Azzali should have disclosed he played in the game alongside one of the lead counsel.

22 June 2022

Albania fails to overturn highway award in Paris

A Paris court has upheld a US$44 million ICC award against Albania over a mountain highway project – issuing an apparent first-of-its-kind decision that the failure to raise a claim in a prior dispute board proceeding is a matter of admissibility, not jurisdiction.

15 June 2022

Korean executive evades share buyback in latest ICC claim

UPDATED: A Singaporean private equity firm has persuaded an ICC tribunal that it may force the chairman of one of South Korea’s largest insurance providers to purchase US$340 million in shares – while failing to secure an order for the sale as the correct valuation had not been put forward.

14 June 2022

Paris court upholds billion-dollar award against Venezuela

The Paris Court of Appeal has at the second time of asking upheld a Canadian gold mining company’s US$1.7 billion investment treaty award against Venezuela, ruling a limitation period for bringing claims did not curtail the tribunal’s jurisdiction.

10 June 2022

Poland defeats second bid to revive treaty claim

The Paris Court of Appeal has for a second time rejected a bid to revive a US$125 million treaty claim against Poland over the collapse of a vegetable fats business, even after the US claimants were permitted to raise new jurisdictional arguments they hadn’t made in the arbitration.

31 May 2022

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