Topic: Bribery and corruption
Lebanese businessman fights to revive claim against Marriott
An ICC panel is hearing a Lebanese businessman’s bid to revive a US$120 million claim against US-based Marriott International over a Beirut hotel that has spawned multiple arbitrations over the past two decades.
26 May 2023
Details of Panama real estate claim come to light
A real estate group is pursuing a US$147 million UNCITRAL claim against Panama over disputed land titles, it has emerged – as a foreign insurer reportedly launches a separate treaty case against the state.
22 May 2023
Greek court enforces against Iranian state entity
The UAE’s Crescent Petroleum has obtained a ruling from a court in Greece enforcing its US$2.4 billion award against the National Iranian Oil Company.
28 April 2023
Alstom award enforced in France despite bribery claim
A court in Versailles has enforced an ICC award against Alstom after finding that the French transport group had not provided sufficient evidence to support its bribery defence – the latest in a line of French court decisions dealing with corruption allegations in arbitration.
03 April 2023
Agility wins bribery claim against Iraqi mobile operator
Kuwaiti logistics group Agility says two of its affiliates have won US$1.65 billion in an ICC claim against an Iraqi mobile operator that was found to have engaged in bribery and corruption.
21 March 2023
Indian court confirms set-aside of billion-dollar award
The Delhi High Court has affirmed its decision to set aside a US$1.3 billion ICC award against an Indian state-owned entity based on allegations of fraud.
20 March 2023
Lima challenges second toll-road award in US
UPDATED: The Peruvian municipality of Lima has asked a US court to set aside an UNCITRAL award that rejected allegations of corruption against an Odebrecht-linked consortium – as a challenge to an earlier award over the same toll-road concession resumes.
15 March 2023
Investors threaten Latvia over bank closure
A US company and three other investors have threatened Latvia with a €512 million investment treaty claim after a Riga-based bank they invested in had its operations suspended following a money laundering investigation.
13 March 2023
Eni gets final injunction against Nigerian partner
Eni has won a final anti-suit injunction in the UK against its local partner in a Nigerian oil block following a US$200 million ICC arbitration – as three NGOs are permitted to weigh in on corruption issues in an unrelated ICSID case.
08 March 2023
European investors bring ICC claim against Vietnam
German and Portuguese entities have launched an ICC claim against Vietnam and two state-owned banks over the alleged misappropriation of €10 billion in funds.
28 February 2023