Topic: Fraud

A Chinese solar panel manufacturer has told a US court that a US$100 million fraud litigation brought by the renewables arm of France’s TotalEnergies belongs in ICC arbitration.

12 August 2022

The half-brother of UK prime minister Boris Johnson has warned he may bring a US$50 million investment treaty claim against Mongolia for denial of justice over its failure to pursue a fraud prosecution against his local business partner.

03 August 2022

An English court has said a California businessman is not too late to challenge an LCIA award that requires him to pay more than US$60 million in compound interest to a subsidiary of Burford Capital for breach of a litigation funding deal.

13 July 2022

An UNCITRAL tribunal has thrown out a US$300 million treaty case against Lithuania after ruling that a Russian fund could not bring the claim on behalf of the former majority shareholder of a nationalised bank.

12 July 2022

An ICSID annulment committee has upheld a €28 million Energy Charter Treaty award won by a group of UK renewables investors against Spain, dismissing arguments the claimants fraudulently lied about the capacity of their solar facilities to access subsidies.

14 June 2022

The High Court in London has ruled it can hear fraud claims worth more than US$3 billion brought by the wife of a deceased Russian oligarch – while finding that a Panamanian arbitration clause “significantly” limits the allegations she can make against one of the defendants.

31 May 2022

An ICDR arbitrator has dismissed a claim brought by a California mindfulness meditation company after finding the contract it was brought under bore a fake signature of one of the Austrian respondents.

25 May 2022

Entities controlled by Ukrainian oligarchs Igor Kolomoisky and Gennadiy Bogolyubov have revealed that they plan to file a third treaty claim against the United States related to assets that have been targeted by authorities over alleged money laundering.

24 May 2022

An English court has ruled that an arbitrator has no jurisdiction to hear an Indian commodities group’s US$300 million claim against a Ghanaian state-owned bank – but could the dispute turn into an investment treaty claim?

18 May 2022

The family of a Russian property tycoon being sued for US$800 million over an alleged banking fraud are not bound by findings of dishonesty in an LCIA award against companies said to be under their control, a UK judge has ruled.

12 April 2022