Premium article - February 19, 2016
Russian oligarch Sergei Pugachev has received a two-year prison sentence for contempt of court, with a UK judge ruling that a deal to fund his US$12 billion investment treaty claim against Russia was in breach of a worldwide freezing order.
Premium article - February 22, 2016
Ukraine's national gas company has threatened to bring an investment treaty claim against Russia over the seizure of its assets in Crimea - adding to the list of disputes arising from the Russian annexation of the peninsula in 2014.
Premium article - March 11, 2016
Showing its potential to uphold ethical conduct in international arbitrations, the Chartered Institute of Arbitrators has expelled a Ukrainian lawyer for false representations regarding the engagement of experts on Kazakh tax law for an ICSID case. The institute's website reports that, following a disciplinary hearing last July, its Professional Conduct Committee upheld charges of misconduct against Andrey Astapov of Astapov Lawyers International Law Group in Kiev, expelled him with immediate effect...
Premium article - April 15, 2016
An ICSID tribunal has found Burundi liable for failing to prevent the occupation of a Belgian businessman's property by squatters, but awarded him only half the amount that he spent in bringing the arbitration.
Premium article - May 23, 2016
Argentina's national oil and gas company YPF is facing US enforcement proceedings after an ICC tribunal ordered it to pay US$504 million plus interest for breaching contracts relating to the export of natural gas to Brazil.
Premium article - May 25, 2016
UPDATED: An ICSID tribunal has ruled that a group of gas investors did not act in bad faith by bringing claims against Egypt in multiple arbitrations but that they cannot pursue duplicate claims over the same shares in two treaty cases. In a decision from February that has just come to light, an ICSID tribunal chaired by Canada's Yves Fortier QC dismissed the bulk of Egypt's jurisdictional objections to a claim by US-based Ampal-American Israel Corporation and its affiliates but said overlapping...
Premium article - June 01, 2016
A Dutch real estate investment fund has threatened to file an ICSID claim against Latvia over the conduct of its municipal authorities and courts following the fatal collapse of a supermarket roof in Riga that triggered the fall of the country's government.
Premium article - June 02, 2016
An UNCITRAL tribunal has ordered Ecuador to pay damages for the unlawful expropriation of two copper reserves but cut the amount because of violence inflicted on anti-mining protestors by a security force hired by the claimant.
Premium article - June 09, 2016
An ICSID tribunal has agreed to examine new allegations of corruption against Canada's Niko Resources but says the oil and gas producer is entitled to immediate payment of more than US$35 million for gas deliveries to Bangladeshi state entity Petrobangla.
Premium article - June 14, 2016
UPDATED: Embattled Malaysian sovereign wealth fund 1MDB has been hit with a US$6.5 billion LCIA claim from a UAE state entity for allegedly reneging on a bailout deal in the wake of a scandal over missing funds. Abu Dhabi's International Petroleum Investment Company (IPIC) and its subsidiary Aabar Investments have filed the request for arbitration against 1MDB and another entity controlled by Malaysia's ministry of finance. IPIC announced the filing today in a disclosure to the London Stock...