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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
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
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
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
A judge in the British Virgin Islands has refused to allow Ogier to cease acting for a Russian state-owned bank in a pending litigation despite the offshore firm’s concerns about reputational damage and the impact of sanctions.
25 March 2022
Tomas Vail of Vail Dispute Resolution considers the potential investor-state arbitrations that may arise from the wave of sanctions imposed on Russia as well as its effects on commercial arbitrations.
23 March 2022
The UK government has paid a nearly £400 million arbitral debt to Iran as two British nationals are allowed to return home after years of detention in Tehran.
16 March 2022
UPDATED: Gazprom has lost its Swedish court challenge to a gas price review award said to be worth US$1.5 billion in favour of Polish state utility PGNiG, as Orrick confirms it has ceased to act as counsel to the Russian state-owned company.
10 March 2022
An Israeli-owned contractor has asked a US court to enforce awards worth over €50 million issued in two ICC arbitrations against Guinea over the provision of security services and equipment.
01 February 2022
A US appeals court has said it lacks jurisdiction to intervene in Canadian mining company Crystallex’s efforts to execute a US$1.4 billion ICSID award against Venezuela’s largest foreign asset as the lower court has yet to make a final decision.
19 January 2022
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