Topic: Fees

Romania opposes ICSID claimant’s “staggering” costs request

Romania has asked an ICSID tribunal to dismiss a Canadian mining group’s “staggering” request to recover almost US$64 million plus interest in costs stemming from its long-running US$4.4 billion treaty claim.

12 May 2023

Treaty claimant’s estate resists success fee demand

A judge in London has refused to allow two law firms to summarily enforce conditional fee agreements against the estate of a deceased businessman they represented in an investment treaty arbitration – finding it was realistically arguable that the retainers didn’t comply with applicable legislation.

24 April 2023

UK eases legal fee rules for sanctioned Russians

UK financial sanctions agency OFSI has simplified the process for lawyers accepting payments from clients on Russian and Belarusian sanctions lists.

01 November 2022

Brazilian pulp award survives hacking allegations

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

Volterra Fietta can't collect fees under unlawful retainer

The High Court in London has affirmed that Volterra Fietta is not entitled to any of the nearly US$3 million it billed a client in an investment treaty arbitration under a conditional fee agreement that was found to be unlawful.

02 August 2022

Switzerland sees off first ICSID case after claimant is liquidated

The first-ever ICSID claim against Switzerland has been discontinued for failure to pay costs after the claimant was liquidated in the Seychelles at the request of its former arbitration counsel.

25 January 2022

Hong Kong urged to lift ban on success fees

The Law Reform Commission of Hong Kong has recommended that a ban on success fees in arbitration should be lifted to bring the special administrative region in line with other major arbitral seats.

15 December 2021

Brown Rudnick sues construction client after ICDR win

US firm Brown Rudnick has sued to recover fees from an Austrian construction client after successfully defending it in a US$100 million ICDR arbitration.

01 October 2021

Ask Jackie: LCIA chief takes questions in Paris

At a Q&A for Paris Arbitration Week, LCIA director general Jacomijn van Haersolte-van Hof discussed what makes the perfect arbitrator, why institutional appointments are a good thing, and the use of “closet” tribunal secretaries.

22 September 2021

King & Spalding sued by client in funded BIT case

A Dutch national who won a US$45 million investment treaty award against Vietnam is suing his arbitration counsel King & Spalding, accusing the firm of colluding with third-party funder Burford Capital to cheat him out of his due share of the proceeds.

15 June 2021

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