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A split ICSID tribunal has declined to hear a €300 million claim against Serbia over a shopping centre development, finding it was an abuse of process.
01 February 2023
A Luxembourgish coal mining investor has filed a €60 million ICSID claim against Slovenia under the Energy Charter Treaty, just weeks after the state moved to exit the treaty over environmental concerns.
06 December 2022
Arbitral bodies in Belgium, the Netherlands and Luxembourg have launched a new group to promote collaboration and boost their visibility, as they explore the possibility of uniform legislation for international arbitrations seated in the Benelux region.
10 October 2022
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
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
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
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
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 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
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
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