Region: Greece

ThyssenKrupp defeats claims by Greece in multibillion-euro submarine dispute

An ICC tribunal has rejected claims brought by Greece against ThyssenKrupp in a multibillion-euro ICC arbitration over cancelled contracts to build submarines for the state’s navy, while only partly upholding claims against two other contractors.

19 February 2024

Greece sees off lottery company's covid claim

Greece has defeated an LCIA claim worth at least €70 million brought by the country’s lottery provider, which claimed it was not liable for fees as a result of operating restrictions during the covid-19 pandemic.

23 November 2023

Olympics contractor faces claim after settlement with Greece

A US defence contractor has asked a Virginia court to halt an ICDR arbitration brought by a former agent following the settlement of a dispute with the Greek government over a security system for the 2004 Olympic Games.

24 August 2023

Greek court enforces against Iranian state entity

The UAE’s Crescent Petroleum has obtained a ruling from a court in Greece enforcing its US$2.4 billion award against the National Iranian Oil Company.

28 April 2023

Greece passes new arbitration law

Greece has passed a new international arbitration statute that one practitioner involved in its drafting has described as the UNCITRAL Model Law “on steroids”.

08 March 2023

Chinese state entities take Maltese awards to California

Subsidiaries of two Chinese state-owned entities have applied to a California court to enforce awards issued in a pair of cases at the Malta Arbitration Centre relating to the €71 million sale of solar power assets.

03 November 2022

Greek state entity defeats Stockholm set aside bid

Greece’s state-owned gas company Depa has defeated an attempt by Turkish counterpart Botaş to have a Stockholm court set aside a US$227 million ICC award over the price of gas supplied under a pipeline deal.

05 April 2022

Montenegro faces claim over island resort

A Greek-owned company is reportedly bringing a €100 million LCIA claim against Montenegro over a luxury island resort after a dispute over beach access led to public unrest and the closure of facilities.

12 October 2021

Greece held liable over shipyard seizure

An ICSID tribunal has found Greece liable for the seizure of one of the country’s largest shipyards and several submarines – but dismissed several claims it said had already been ruled on in two previous ICC arbitrations.

29 July 2020

Arbitrator stays afloat in Greek submarine dispute

Greece has failed to disqualify Spanish arbitrator Juan Fernández-Armesto as chair in an €8 billion ICC claim it is pursuing over projects to replenish its navy’s submarine fleet – months after the state reached a partial settlement with one of the respondents.

13 May 2020

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