Region: Italy

Moser award set aside over “flexible approach” to damages

Singapore’s Court of Appeal has partially set aside a €62 million ICC award over a Malaysian steel plant after finding that a tribunal chaired by Michael Moser breached due process by adopting a “flexible approach” to proof of damage.

26 July 2022

Media dispute wrapped up in Milan

An Italian media group has settled a dispute over the €120 million sale of its historic headquarters to Blackstone after it failed to set aside an award issued in favour of the US private equity group by a Milan-seated tribunal.

22 July 2022

Italian contractor liable in Georgian highway dispute

An ICC tribunal has ordered an Italian construction company to pay around US$22 million to Georgia in a dispute over a terminated highway construction project.

11 July 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

First Italian Arbitration Day focuses on law reform

The first Italian Arbitration day brought together more than 200 professionals in Rome to discuss innovations that an upcoming reform of Italy's code of civil procedure will bring to Italian arbitration law in the coming months.

22 June 2022

Webuild reports net win in Canadian hydro dispute

Italian construction group Webuild has said it expects to receive a net sum of around US$93 million following an ad hoc arbitration with a Canadian provincial government utility over a troubled billion-dollar hydropower project.

25 May 2022

Iraq fails to revive claim over Saddam-era helicopter deal

A French court has rejected Iraq’s bid to revive a €62 million ICC claim over a contract for the supply of combat helicopters that was disrupted by an arms embargo against the former regime of Saddam Hussein.

22 April 2022

Venezuela defeats claim under cooperation agreement with Italy

An ICC tribunal has said it lacks jurisdiction to hear a US$100 million claim brought against Venezuela under a framework agreement for economic cooperation with Italy, finding the treaty contains only “vague” mention of investment protection.

31 March 2022

Edison loses award challenge in environmental dispute

A Swiss court has upheld an ICC award requiring Italian power utility Edison to pay over €91 million to Belgian chemicals producer Solvay for breaches of environmental guarantees relating to the sale of two industrial plants two decades ago.

16 February 2022

A win for Cameroon and other news at ICSID

UPDATED: Before the holiday break, Cameroon defeated an ICSID claim worth nearly US$1 billion and new claims were filed against Mali, Guyana, Peru and Hungary – while Italy failed again to knock out an Energy Charter Treaty case.

04 January 2022

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