Region: Pakistan

BVI court unfreezes Pakistani airline assets

A court in the British Virgin Islands has lifted attachments obtained by an ICSID creditor against US$3.1 billion worth of assets belonging to Pakistan’s national airline, including interests in two hotels in New York and Paris.

26 May 2021

Funder targets Crowell partner in fight over Pakistan award

A Cayman hedge fund that helped to finance an arbitration against Pakistan has sought leave to subpoena a partner at Crowell & Moring who acted in the case, amid a dispute over more than US$28 million in award proceeds.

26 April 2021

Tethyan targets law firms over Pakistan hotel

An Australian mining venture is seeking discovery from two international law firms and a hotel management company in aid of its efforts to enforce a US$6 billion ICSID award against Pakistan.

29 March 2021

Pakistan applies to revise Tethyan award

Pakistan has instructed new counsel as it lodges a request to revise a US$5.9 billion ICSID award won by Australian mining venture Tethyan Copper over a copper and gold deposit.

18 March 2021

Dispute brews in Pakistan over Belt and Road project

A Chinese-owned entity has reportedly threatened a Pakistani state entity with arbitration over a US$2.2 billion electricity transmission project that is part of China’s Belt and Road initiative.

17 February 2021

Pakistani airline assets frozen in BVI

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 in talks with Tethyan as stay on award lifted

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

National Centre for Dispute resolution (formerly the Karachi Centre for Dispute Resolution (KCDR))

27 January 2020

Iraqi ex-minister too late to challenge treaty award

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

National Centre for Dispute resolution (formerly the Karachi Centre for Dispute Resolution (KCDR))

03 January 2019

Get unlimited access to all Global Arbitration Review content