Topic: Fraud
Vietnam fails to halt treaty claim by dual national
A French court has upheld an UNCITRAL tribunal’s decision to hear a dual national’s US$2.5 billion treaty claim against Vietnam over the cancellation of a thermal power project.
18 September 2023
Ex-law firm partner pleads guilty to bankruptcy fraud
A former international arbitration partner at several well-known US law firms has pleaded guilty to bankruptcy fraud before a federal court in New York.
13 September 2023
Ukraine warned of BIT claim over bank takeover
UPDATED WITH COUNSEL: A Luxembourg company linked to Russian-Israeli billionaire Mikhail Fridman says it has notified Ukraine of a potential investment treaty claim over the “illegal expropriation” of one of the country’s biggest banks – while accusing the state of aggravating the dispute by bringing criminal charges against the businessman.
08 September 2023
Market manipulation scheme leads to set-aside in Hong Kong
A Hong Kong court has upheld a jurisdictional challenge to an HKIAC award in favour of the daughter of a jailed Chinese pharmaceuticals executive – relying on new evidence that emerged through criminal proceedings over a market manipulation scheme.
31 August 2023
Packaging M&A leads to €400 million fraud claim
The German Arbitration Institute (DIS) is hearing a €400 million dispute over the acquisition of an Austrian packaging manufacturer whose former managers were accused of embezzlement and fraud, it has emerged.
23 August 2023
Israeli fintech group seeks bankruptcy relief after fraud claims
An Israel-based fintech group facing allegations of a US$4 billion fraud has filed for bankruptcy protection in Delaware, thwarting an insurance broker’s bid for injunctive relief in aid of a threatened arbitration in Bermuda.
21 August 2023
Singapore court denies India’s fraud challenge
A Singapore court has allowed Deutsche Telekom to enforce its US$140 million investment treaty award against India over a cancelled satellite deal, dismissing allegations the German company was complicit in fraud.
12 May 2023
Ukrainian lawyers charged with fraud in Switzerland
Three partners at Ukrainian firm Eterna Law have been charged with fraud in Switzerland after a former arbitration client accused them of forging a legal services agreement.
02 December 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
Indian court annuls billion-dollar award for “fraud”
The Delhi High Court has set aside a US$1.3 billion ICC award against an Indian state-owned entity after finding it suffered from “patent illegalities and fraud” – as a related treaty claim continues.
30 August 2022