Region: North America

Founders of crypto start-up face trade secrets claim at LCIA

Two founders of a cryptocurrency start-up are facing an LCIA claim from their former employer over alleged theft of trade secrets.

26 June 2023

Libya creditor targets former Gaddafi property in London

A US defence contractor is seeking to satisfy a £16 million ICC award against Libya through the sale of a London property previously owned by the family of the country’s former leader Muammar Gaddafi.

26 June 2023

US Supreme Court stays crypto lawsuit for arbitration appeal

The US Supreme Court has ruled that a lawsuit brought by customers of cryptocurrency exchange Coinbase should be automatically stayed while the company appeals a ruling rejecting its bid to compel arbitration – a move dissenting justices said would open a “Pandora’s box” for parties seeking to frustrate litigation.

26 June 2023

Russia faces enforcement of US$5 billion award in DC

Ukrainian state oil and gas Naftogaz has asked a court in Washington, DC, to enforce its US$5 billion investment treaty award against Russia over assets seized during the annexation of Crimea – putting the award in the public domain.

23 June 2023

US Supreme Court confirms availability of RICO to foreign award creditors

The US Supreme Court has ruled that a Russian businessman can use the country’s anti-racketeering law, RICO, to enforce an LCIA award – creating a new avenue for foreign arbitral creditors targeting US assets.

23 June 2023

Oxy loses appeal over payout to Amazon oil block partner

A US appeals court has dismissed Occidental Petroleum's challenge to an award requiring it to share the proceeds of an ICSID settlement with its former partner in an Ecuadorean oil block.

16 June 2023

Panel in place for US investor's claim against Ecuador

A panel is in place at the Permanent Court of Arbitration to hear a claim brought against Ecuador by a US company linked to casino investors.

15 June 2023

Blackberry faces JAMS claim over patent sale

Canadian software company Blackberry is facing a JAMS arbitration over a collapsed US$600 million deal to sell most of its patent portfolio.

14 June 2023

Miner brings claim against Central African Republic

A Canadian mining company is bringing a claim against the Central African Republic over cancelled licences and permits for a gold project that was occupied by rebel fighters.

14 June 2023

Bermann celebrated at Columbia Arbitration Day

The latest Columbia Arbitration Day saw wide-ranging discussions of investor-state dispute settlement, the role of judges in the arbitral process, China's Belt and Road initiative and ESG issues affecting arbitration, as well as the presentation of a lifetime achievement award to Columbia Law School professor George Bermann by recently retired US Supreme Court justice Stephen Breyer.

13 June 2023

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