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A court in the British Virgin Islands has attached assets belonging to Pakistan’s national airline – including interests in two hotels in New York and Paris – at the request of an Australian mining venture seeking to enforce a US$6 billion ICSID award.
05 January 2021
Pakistan is reportedly in talks with Australian mining venture Tethyan Copper to settle a dispute over a copper and gold deposit that led to a US$5.9 billion ICSID award against the state, as an annulment committee partially lifts a stay of enforcement.
13 November 2020
A former Iraqi government minister has been denied permission to pursue a belated challenge to an investment treaty award in favour of Pakistan in the English courts – as it emerges that a parallel set-aside action funded by Burford Capital has been discontinued.
28 February 2019
A Pakistani state-owned entity has been denied leave to appeal an English court injunction that prevents it from challenging a US$130 million LCIA award in the courts of Lahore.
29 October 2018
Pakistan has filed a proposal to disqualify all three members of an ICSID tribunal in further challenge relating to Bulgarian arbitrator Stanimir Alexandrov's alleged failure to disclose a "relationship" with an expert firm.
29 November 2017
Bulgarian arbitrator Stanimir Alexandrov has survived an attempt by Pakistan to unseat him from an ICSID tribunal because of its reliance on a supposedly "rare" valuation method that he has also invoked in another case in which he is acting as counsel.
08 September 2017
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