Topic: Stay of enforcement

US stay on Yukos awards lifted after six years

A US court has ruled that proceedings to enforce the US$57 billion Yukos awards against Russia should resume after a six-year stay, citing concerns that targeting the state’s assets may become more difficult following the war in Ukraine.

14 April 2022

US courts halt discovery against Ukraine

Two US district courts have agreed to suspend discovery proceedings brought by a Russian oil company seeking to collect on a US$173 million treaty award against Ukraine – after both sides requested a stay in light of Russia’s invasion of the country.

09 March 2022

Haiti fails to stay claim as central bank assets unfrozen

A New York state court has refused to grant Haiti a stay of a US$94 million ad hoc arbitration brought by a petroleum supplier, after a federal court lifted an attachment on assets owned by the Caribbean state’s central bank.

18 October 2021

Stay on Conoco’s ICSID award lifted

An ICSID committee has lifted a stay of enforcement of a US$9 billion award in favour of ConocoPhillips while it considers Venezuela’s bid to annul the award.

05 October 2021

ICC rejects challenge over alleged cyber-attack

As a Brazilian court lifts a stay on an award in a multibillion-dollar M&A dispute, the ICC Court has rejected a bid to disqualify the entire tribunal based on an alleged cyber-attack.

14 July 2021

Spain seeks to annul solar award

Spain has applied to annul a €28 million Energy Charter Treaty award won by German power utility RWE Innogy over the state’s changes to its renewable energy subsidy regime.

21 April 2021

Stay of Yukos awards upheld in London

A London court has rejected an application by the former majority shareholders in Yukos to lift a stay of enforcement over their US$50 billion awards against Russia, ruling they must wait until the Dutch Supreme Court rules on the state’s set aside bid.

14 April 2021

What you missed at ICSID

Before the holiday break, ICSID saw another solar award rendered against Spain, a stay lifted in another renewables case, a new €100 million claim against Albania and the settlement of a US$500 million claim against Uzbekistan.

04 January 2021

Dutch court adviser rejects Russia’s call to stay Yukos awards

An advocate general of the Dutch Supreme Court has recommended that enforcement of the US$50 billion Yukos awards should not be stayed while Russia seeks to have them annulled.

16 November 2020

UK Supreme Court lifts stay of Micula award

The UK Supreme Court has ruled that Sweden’s Micula brothers are entitled to enforce an ICSID award worth €300 million against Romania even though it is the subject of a pending state aid investigation by the European Commission.

19 February 2020

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