Region: United States of America

Jay-Z and Bacardi go to ICDR over cognac venture

An ICDR panel chaired by Foley Hoag partner Daniel Schimmel is hearing a US$2 billion dispute between Jay-Z and Bacardi over a cognac business, it has emerged.

30 November 2022

Former Chaffetz counsel launches solo practice

Rainbow Willard, a former counsel at New York disputes boutique Chaffetz Lindsay, has launched a sole arbitrator and counsel practice in Washington, DC.

30 November 2022

Guatemala to settle ICSID power tariff feud

Guatemala has agreed to pay US$46 million to a US investor to settle a long-running dispute over electricity tariffs that went before four different ICSID panels.

24 November 2022

Nuclear technology spat heads to Korean centre

A dispute between a Korean state utility and its former US partner over rights to nuclear reactor technology is headed to arbitration in Seoul, as the parties compete for lucrative projects in Europe and the Middle East.

18 November 2022

Occidental wins damages over Venezuelan dividends

An UNCITRAL tribunal has ordered Venezuela to pay US$105 million to a Barbadian subsidiary of Occidental Petroleum after finding the state liable for discriminatory conduct in its payment of dividends from an oil and gas venture.

18 November 2022

Miner hits Mexico with NAFTA claim over VAT rebates

A US precious metals producer has made good on its threat to file a NAFTA legacy claim against Mexico over its tax authorities’ refusal to grant VAT refunds on royalty payments.

11 November 2022

Manhattan hotel-turned-shelter leads to ICC award

An ICC tribunal chaired by Foley Hoag partner Christina Hioureas has held the owner of a hotel on Manhattan’s Lower East Side liable for converting the property into a homeless shelter during the pandemic without the consent of its manager.

09 November 2022

JAMS decides Fox dispute over betting brand stake

A JAMS arbitrator has ruled that Fox will have to pay over US$3.7 billion if it wants to acquire a stake in a fast-growing US sports betting brand – nearly twice as much as the Rupert Murdoch-owned entertainment group had argued for.

07 November 2022

Chinese state entities take Maltese awards to California

Subsidiaries of two Chinese state-owned entities have applied to a California court to enforce awards issued in a pair of cases at the Malta Arbitration Centre relating to the €71 million sale of solar power assets.

03 November 2022

US court bars discovery for ICSID case

A US court has vacated discovery orders granted in aid of an investment treaty claim against Malta – dashing hopes that ICSID cases might have escaped the scope of a recent US Supreme Court prohibition against discovery for foreign arbitrations.

02 November 2022

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