Region: Israel
Electricity investor reports win against Peru
UPDATED WITH AWARD: A Singaporean company linked to an Israeli billionaire has won US$116 million in a third-party funded ICSID claim against Peru over its investments in the state’s electricity sector.
05 October 2023
Israeli firm hires government lawyer as practice head
Roy Schondorf, who served for nine years as the deputy attorney general of Israel, has joined Israeli firm Herzog Fox & Neeman as its head of international dispute resolution.
27 September 2023
Israeli fintech group seeks bankruptcy relief after fraud claims
An Israel-based fintech group facing allegations of a US$4 billion fraud has filed for bankruptcy protection in Delaware, thwarting an insurance broker’s bid for injunctive relief in aid of a threatened arbitration in Bermuda.
21 August 2023
Security contractor wins enforcement against Guinea
A US court has confirmed a pair of ICC awards worth more than €50 million won by an Israeli-owned security contractor against Guinea after the state failed to appear in the enforcement proceedings.
17 April 2023
“A bad look”: arbitrator’s second appointment by counsel leads to set-aside
A Canadian court has set aside two awards in an espresso bar franchise dispute after it emerged through an accidental CC that the sole arbitrator had been appointed by one side’s counsel in a concurrent arbitration.
03 April 2023
Ice cream maker’s Israel boycott to go to arbitration, as US suit frozen
A claim over US ice cream maker Ben & Jerry’s boycott of Israel is to be arbitrated in New York following a partial stay of US court proceedings.
24 June 2022
ICC Court president warns of "tool bias"
In a keynote speech at Tel Aviv Arbitration Week, the president of the ICC International Court of Arbitration Claudia Salomon has warned that the "magnetic pull" of international arbitration and a common "tool bias" may mean that other dispute resolution methods are being insufficiently considered.
15 March 2022
First GAR Connect Mediterranean has broad geographical reach
The first GAR Connect Eastern Mediterranean saw speakers discuss dispute-related trends arising from offshore natural gas fields in the Mediterranean itself, in countries bordering the sea like Cyprus, Israel, Egypt, Libya and Turkey, and as far East as the Gulf and Russia.
10 March 2022
Israeli gas field dispute escalates at ICC
The London-based developer of two offshore Israeli gas fields has said it will seek damages after Israel’s largest private power producer launched an ICC arbitration over a gas supply deal disrupted by pandemic-related delays.
02 February 2022
Guatemala chases Israeli investor over costs
An UNCITRAL award favouring Guatemala has surfaced as the state applies to collect costs from an Israeli energy company behind a failed US$117 million investment treaty claim.
17 January 2022