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A Canadian bank has brought an ICSID claim against Peru over a nearly 15-year long tax dispute, as a contractor turns to new counsel to challenge an award in a separate dispute with the Andean state.
25 November 2022
A Brazilian court has upheld an ICC award in an acrimonious dispute over the multibillion-dollar sale of a pulp producer, dismissing allegations the procedure was tainted by a cyberattack and a conflict of interests and awarding US$114 million in legal fees to the winning side.
04 August 2022
A costs award issued by an LCIA tribunal in favour of two Chinese companies has been upheld after a court in the British Virgin Islands ruled that the Chinese tax authorities had no interest in the award.
06 July 2022
A US court has enforced an ICSID award requiring a Florida telecoms company to pay nearly US$6 million in costs plus interest to Uruguay following an unsuccessful treaty claim that was backed by a third-party funder.
24 June 2022
Maguelonne de Brugiere, Helin Laufer and Luke Hard report on a Herbert Smith Freehills case study of the difference in the carbon footprint and costs of in-person and virtual hearings in international arbitrations, unsurprisingly finding that virtual hearings are significantly less carbon-intensive and cheaper.
12 April 2022
The Hong Kong International Arbitration Centre has revealed that, in the past eight years, the average arbitration at the centre has lasted 13 months, from date of commencement to date of the award or decision, and cost US$64,606.
29 June 2021
As UNCITRAL draws closer to formulating recommendations for ISDS reform, Allen & Overy partner Matthew Hodgson has updated his study of damages and costs in investment treaty arbitration, confirming that tribunals are giving these issues greater attention even as costs incurred by claimants and respondents have dropped.
03 June 2021
UPDATED. Australia spent almost US$29 million defending its cigarette packaging laws against tobacco multinational Philip Morris, according to documents obtained by politicians following a two year Freedom of Information battle.
02 July 2018
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