Premium article - December 18, 2014
In an award that both sides are hailing as a victory, an UNCITRAL panel has found that Indonesia's criminal prosecution of a Saudi investor breached international law but that his negligence in supervising a bailed-out bank means he is not entitled to treaty protection.
Premium article - October 31, 2014
Malaysia has won an inter-state dispute with Singapore at the Permanent Court of Arbitration in The Hague concerning a billion-dollar tax on land formerly occupied by Malayan Railways. In an award on 30 October, a tribunal chaired by Lord Phillips of Worth Matravers held that Malaysia did not have to pay development charges on railway land that it swapped for prime real estate in Singapore's central business district. The award was posted on the PCA website today, on the same day that the two governments...
Premium article - August 04, 2014
A New York court has refused to set aside an arbitral award on the ground that the tribunal chair had failed to inform the parties he was suffering from a brain tumour.
Premium article - July 29, 2014
As well as yielding the largest arbitration award in history, the nine-year Yukos proceedings notched up a remarkable US$124 million in legal fees and costs. GAR breaks down the numbers.
Premium article - July 28, 2014
Russia has been ordered to pay more than US$50 billion to former majority shareholders in the defunct oil group Yukos, in the highest-value arbitration award of all time.
Premium article - July 08, 2014
A tribunal constituted under the UN Convention on the Law of the Sea has ruled on India and Bangladesh's competing claims to oil and gas rich waters in the Bay of Bengal, holding that the "equidistance" method of determining the maritime boundary would have been unfair to Bangladesh.
Premium article - March 04, 2014
The International Court of Justice has ordered Australia to keep documents relating to an inter-state arbitration with East Timor under seal while it considers whether their seizure by Australian security services breached international law.
Premium article - January 17, 2014
Aluminium producer Rusal and its director Oleg Deripaska have settled a pair of LCIA claims brought against them that challenged the validity of supply contracts worth US$48 billion - thought to be one of the largest Russia-related disputes ever heard in London.