Region: North America

Venezuela defeats bulk of resubmitted Exxon claim

US oil and gas company ExxonMobil has won US$76 million in a resubmitted ICSID claim worth US$1.4 billion against Venezuela over the expropriation of two oil projects.

11 July 2023

Sidley boosts Middle East focus with counsel hire

Ahmed Elsisi, a former judge and legal advisor to the Egyptian government on investment disputes, has joined Sidley Austin as counsel in its New York office.

10 July 2023

Orange and Agility apply to confirm Iraqi telecoms award

A joint venture between Kuwait’s Agility and France’s Orange has asked a US court to enforce a US$1.6 billion ICC award against an Iraqi businessman over its investment in a mobile operator.

06 July 2023

US private equity group seeks to enforce South Korea award

Texas private equity group Lone Star has asked a court in Washington, DC to enforce its ICSID award against South Korea – after a panel rejected the bulk of its US$4.7 billion claim over a delayed bank sale.

03 July 2023

Serbia held liable in dairy farm dispute

A Canadian family has won compensation in an ICSID claim against Serbia over the expropriation of a dairy farm by Serbia's privatisation agency.

30 June 2023

Canadian miner launches NAFTA claim against Mexico

A Canadian mining company has made good on its threat to file a US$178 million NAFTA legacy claim against Mexico, as the deadline to file such cases closes today.

30 June 2023

Award creditors accuse law firm of enabling evidence tampering

A group of cinema investors have asked a US court to sanction a Chinese billionaire and his counsel – accusing the law firm of enabling their client to destroy evidence and evade enforcement of a US$450 million CIETAC award.

29 June 2023

Vedanta settles oilfield dispute with Baker Hughes

Indian multinational Vedanta has settled a US$330 million ad hoc arbitration with Baker Hughes over an oilfield project that was disrupted by covid-19.

28 June 2023

Beverage maker seeks arbitration of Diddy race row

The UK beverage company that produces Guinness, Smirnoff and Johnnie Walker has asked a New York court to compel ICC arbitration of a lawsuit filed by US rapper Diddy – who has accused the company of racism in failing to develop his tequila brand.

28 June 2023

Antibody award lands in Hong Kong and Cayman Islands

A California pharmaceuticals company has applied to courts in Hong Kong and the Cayman Islands to enforce a US$23 million ICC award relating to a collaboration to develop cancer-fighting antibodies.

27 June 2023

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