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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
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
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
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 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
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
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
A German arbitrator’s failure to disclose that a member of his law firm is a former honorary consul to the Philippines is not sufficient to set aside an order in an ICC case launched by a Filipino congressman, a Swiss court has ruled.
23 February 2022
The first-ever ICSID claim against Switzerland has been discontinued for failure to pay costs after the claimant was liquidated in the Seychelles at the request of its former arbitration counsel.
25 January 2022
Russia has applied to set aside a multibillion-dollar award rendered in one of the second wave of Energy Charter Treaty cases relating to the collapse of Yukos.
11 October 2021
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