Region: Switzerland
European engineering firms pursue claim against Jordan
A pair of Austrian and Swiss engineering companies are bringing an investment treaty claim against Jordan at the Permanent Court of Arbitration, it has emerged.
05 August 2022
Algeria liable for blocking transfer of dividends
A split ICSID tribunal has ordered Algeria to pay US$110 million to a Swiss shipping company and lift a prohibition against the collection of dividends from its local investments.
28 July 2022
New names join Swiss centre
The Swiss Arbitration Centre has announced new additions to its arbitration court, including practitioners based in Spain, Turkey and the UAE.
05 July 2022
Venezuela fails to scrub out revived Clorox claim
Venezuela has failed to overturn an award upholding jurisdiction over a US$185 million investment arbitration brought by US-based cleaning products group Clorox, with a Swiss court dismissing arguments that the claim – on remand to the tribunal – was an example of abusive treaty shopping.
17 June 2022
Airline catering award upheld in Singapore
A Singapore court has upheld an ICC award against a Korean airline in a billion-dollar dispute over in-flight catering, rejecting arguments the tribunal wrongly overlooked expert testimony.
30 May 2022
Koch’s award against Venezuela upheld at ICSID
An ICSID committee has upheld an award requiring Venezuela to pay more than US$444 million to subsidiaries of US chemicals group Koch Industries for the expropriation of a fertiliser business.
26 May 2022
Bristol Myers moves to enforce transgenic mice award
US pharmaceuticals company Bristol Myers Squibb has asked a US court to enforce an AAA award it won against Switzerland’s Novartis over royalty payments due for the use of genetically modified laboratory mice.
25 May 2022
India seeks to reopen satellite award
India has applied for revision of a US$140 million investment treaty award won by Deutsche Telekom in a dispute over a cancelled satellite deal – arguing a recent ruling by its own Supreme Court shows the award is “tainted by illegality and fraud”.
20 May 2022
Swiss centre refuses to disqualify arbitrator over academic article
The Swiss Arbitration Centre has refused to disqualify an arbitrator because of views he expressed in an academic article about advances on costs – while suggesting that arbitrators should think twice about publishing on “potentially sensitive issues” while they have cases pending.
07 March 2022
Schellenberg to drop work for Russia
Swiss firm Schellenberg Wittmer has confirmed it will cease to act in cases for Russia and its state entities, following similar announcements by other counsel in the past week.
04 March 2022