Premium article - July 12, 2012
An Atlanta appeal court has refused to set aside an ICDR award worth US$11 million in a dispute between Latin American distributors of Coca-Cola, holding that the request is moot because the award has already been satisfied in the British Virgin Islands.
Premium article - July 10, 2012
The US subsidiary of Brazil's state run energy company and Belgium's Transcor Astra Group have agreed a US$820 million settlement following a four-year dispute over an oil refinery in Pasadena, Texas, in which they once had equal shares.
Premium article - June 06, 2012
Shearman & Sterling and Cleary Gottlieb Steen & Hamilton are defending EDF against a €2 billion ICC claim over the sale of its controversial stake in German utility Energie Baden-Württemberg (EnBW) to the southern German state after which it is named.
Premium article - April 27, 2012
Three decades after it was set up to defuse the Iranian hostage crisis, the Iran-United States Claims Tribunal in The Hague is still arbitrating cases worth tens of billions of dollars. Sebastian Perry charts its impact on a generation of practitioners. Given the increasingly fractious relations between Washington and Tehran, the quiet longevity of the Iran-US Claims Tribunal is something of a marvel. For 31 years, a nine-member panel of US, Iranian and third-country arbitrators has resolved...
Premium article - January 10, 2012
A federal court in New York has refused to enforce an award against Peru because it would breach a Peruvian cap on state payouts - but a dissenting judge says the decision will harm international efforts to promote arbitration. On 14 December, the Second Circuit Court of Appeals ruled that a Peruvian statute limiting the amount of money that a state agency may pay annually to satisfy a judgment to three per cent of its annual budget was a "principal public interest factor" that weighed in favour...