Topic: Sanctions
Amirfar on ordering a disordered world
Debevoise & Plimpton partner Catherine Amirfar used a keynote address at GAR Live Vienna to defend international law’s role in "ordering a disordered world” – arguing that while it is no panacea as the war in Ukraine illustrates, we shouldn’t lose sight of its importance in maintaining peace and security.
01 June 2022
Iranian gas award surfaces in US court
The UAE’s Crescent Petroleum has asked a US court to enforce a US$2.4 billion award against Iran’s national oil company, shedding light on a fraught 13-year arbitration that saw three arbitrators resign and a tribunal chair disqualified.
17 May 2022
Lord Mance addresses GAR Live London
In a keynote speech at GAR Live London, Lord Mance gave an overview of problems affecting international arbitration in London, including how to deal with arbitrator conflicts of interest and confidentiality following the UK Supreme Court decision in Halliburton v Chubb; and "the outside world... making itself felt" through state-imposed sanctions.
17 May 2022
Russian state banks warn of claims against Ukraine
Two Russian state-owned banks have said they will pursue international arbitration against Ukraine after its parliament approved measures allowing for the seizure of their assets.
12 May 2022
DRC reaches billion-dollar settlement with Gertler companies
The Democratic Republic of the Congo has reportedly reached a settlement worth US$2 billion with sanctioned Israeli billionaire Dan Gertler and two of his companies that will see the state withdraw an ICC claim over two oil blocks.
03 May 2022
Will US face treaty claims over oligarch measures?
US President Joe Biden’s proposals to make it easier to sell off assets of Russian oligarchs in response to the war in Ukraine could lead to investment arbitrations against the United States, but practitioners are doubtful that such claims would succeed.
29 April 2022
Iraq fails to revive claim over Saddam-era helicopter deal
A French court has rejected Iraq’s bid to revive a €62 million ICC claim over a contract for the supply of combat helicopters that was disrupted by an arms embargo against the former regime of Saddam Hussein.
22 April 2022
LCIA award doesn’t bind Russian defendants in bank fraud suit
The family of a Russian property tycoon being sued for US$800 million over an alleged banking fraud are not bound by findings of dishonesty in an LCIA award against companies said to be under their control, a UK judge has ruled.
12 April 2022
Nord Stream 2 case stopped in its tracks by sanctions
The tribunal hearing a Gazprom subsidiary’s US$8 billion Energy Charter Treaty claim against the European Union has agreed to suspend the case after the Russian state-owned company said it was unable to proceed due to sanctions.
04 April 2022
Spanish agricultural group wins big against Venezuela
A divided ICSID tribunal has ordered Venezuela to pay nearly US$3 billion including interest for expropriating the assets of a Spanish agricultural group, after US sanctions forced a law firm representing the state to withdraw.
25 March 2022