Region: Luxembourg

Perenco secures freeze on Ecuador accounts in Luxembourg

Bahamian oil company Perenco has frozen Luxembourg bank accounts used by Ecuador to make coupon payments associated with sovereign bonds, with the ICSID award holder claiming this raises the possibility of the state defaulting to creditors.

01 August 2022

Luxembourg’s top court blocks Micula award

The Luxembourg Court of Cassation has quashed the enforcement of the Micula brothers’ ICSID award against Romania on the basis that the arbitration clause in the underlying investment treaty was nullified when the state joined the European Union.

18 July 2022

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

Baker Hughes sees award upheld in Nigerian LNG plant dispute

A Luxembourg company has failed to revive a US$763 million ICDR claim against US oilfield services group Baker Hughes over a liquefied natural gas project in Nigeria.

19 November 2021

GBS counsel to join Luxembourg firm

Paschalis Paschalidis, who is advising investors in EU court proceedings over the impact of Achmea, has left Gaillard Banifatemi Shelbaya Disputes in Paris to help Luxembourg-based firm Arendt & Medernach develop its international arbitration practice.

14 September 2021

Spain fails to overturn solar award

Spain has failed to overturn a €101 million Energy Charter Treaty award won by solar investors that has recently become the subject of a European Commission state aid probe – as another investor whose award was annulled due to an arbitrator conflict files a resubmitted claim.

03 August 2021

Advocate general urges CJEU to rule against Miculas

An adviser to the Court of Justice of the European Union (CJEU) has sided with the European Commission in its battle to prevent Romania from paying a €178 million ICSID award in favour of the Micula brothers.

05 July 2021

Statis suffer setback in Luxembourg

The Supreme Court of Luxembourg has overturned the enforcement of a US$543 million Energy Charter Treaty award won by Moldovan investors Anatolie and Gabriel Stati against Kazakhstan, ruling that a lower court had violated due process when it refused to admit evidence of the state's fresh fraud allegations.

16 February 2021

Centre díArbitrage de la Chambre de Commerce du Grand-Duchè de Luxembourg (CC)

28 January 2020

Centre díArbitrage de la Chambre de Commerce du Grand-Duchè de Luxembourg (CC)

04 January 2019

Unlock unlimited access to all Global Arbitration Review content