Topic: Bribery and corruption

Laos sees awards upheld in casino saga

Two gaming companies whose billion-dollar investment treaty claims against Laos were dismissed because of evidence of bribery and fraud have lost a final appeal against the outcome in Singapore, after a related SIAC award was also upheld.

25 November 2022

Peru’s evidence in Odebrecht cases leads to rift with Brazil

Brazilian prosecutors have reportedly suspended cooperation with Peru on high-profile corruption investigations because of concerns about the state’s use of evidence in arbitrations relating to Odebrecht projects.

24 November 2022

Guatemalan bank sees off ICDR claim in bribery dispute

A Guatemalan bank has defeated an ICDR claim worth almost US$400 million brought under a share purchase agreement allegedly procured through bribery.

28 October 2022

Panama defeats ICSID claim over corruption probe

Panama has defeated an ICSID claim worth over US$100 million brought by a US engineering company and its CEO who said they were unjustly targeted by corruption and money laundering probes.

17 October 2022

Croatia fails to reopen award after bribery verdict

A Swiss court has refused Croatia’s request for review of an UNCITRAL award in favour of Hungarian oil and gas group MOL in the wake of a corruption verdict against a former prime minister, ruling the arbitrators were not bound by the findings of the Croatian criminal courts.

13 October 2022

Ecuador lodges further appeal over Chevron award

Ecuador has appealed to the Dutch Supreme Court to challenge an investment treaty award that held the state liable for a denial of justice in a US$9.5 billion environmental dispute with US oil company Chevron.

11 October 2022

Businessman backs Mexico’s challenge to NAFTA award

A businessman has made an unusual intervention in support of Mexico’s challenge to a NAFTA award, arguing the arbitrators’ finding that he masterminded a fraudulent scheme was “devastating” to his reputation.

06 October 2022

French investor fails to revive award against Libya

The French Court of Cassation has upheld a decision to annul an ICC investment treaty award against Libya based on corruption allegations that were never raised in the arbitration.

09 September 2022

French judge probes Congo corruption claim

Leading French arbitrator Yves Derains has told GAR he welcomes the news that French authorities have opened a judicial investigation after the Republic of the Congo accused him of corruption in connection with a billion-euro ICC award.

30 August 2022

Steinmetz group tries to revive claim against Guinea

A mining group founded by Israeli businessman Beny Steinmetz that saw its US$5 billion ICSID claim against Guinea thrown out because of “overwhelming evidence” of corruption has applied to annul the award.

25 August 2022

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