Topic: Fraud
Russian and Italian banks win round of oil services dispute
An English court has upheld a US$43 million LCIA award in favour of Russia’s Gazprombank and its Italian partner in an oil services venture while refusing to disqualify the arbitrators from related arbitrations.
14 December 2021
Bühler faces bid to revive conflict complaint
After the Paris Bar Council cleared him of an alleged conflict of interests relating to work at his old firm Jones Day, international arbitration practitioner Michael Bühler is facing a novel effort to reopen the allegation in the French courts.
10 December 2021
Success fee row leads to fraud conviction
A French-Italian consultant is fighting to overturn her conviction on fraud charges over her work on an enforcement matter against Equatorial Guinea – a saga that has also led to an ICC award finding she was wrongly deprived of a success fee.
10 December 2021
Old foe of DRC targets “stolen” assets in Maryland
A US investment firm seeking to collect on a nearly two-decade old arbitral debt from the Democratic Republic of the Congo is targeting properties in Maryland allegedly acquired by relatives of the country’s former president Joseph Kabila with stolen government funds.
08 December 2021
Breathing space for Russia after Yukos appeal ruling
The former majority shareholders of Yukos have said they are confident that awards requiring Russia to pay them US$57 billion will be upheld, after the Dutch Supreme Court today said the state’s allegations of fraud should be reviewed by a lower court.
05 November 2021
Real estate investors threaten claim against Armenia
A group of Russian and German investors have warned they will bring a US$38 million investment treaty claim against Armenia over the “theft and raid” of their investments in a real estate development in the country’s capital, Yerevan.
06 October 2021
Agility and Orange win fraud claim against Lebanese bank
A joint venture between Kuwaiti logistics group Agility and France’s Orange has won a fraud claim against a Lebanese bank concerning an investment in an Iraqi mobile operator that is the subject of two ICSID cases.
05 October 2021
US discovery question may be resolved after all
Hopes that the US Supreme Court might soon rule on the availability of discovery for foreign commercial arbitration have been revived thanks to a petition by a German-owned car parts company in a dispute over a billion-dollar M&A.
23 September 2021
Total to face trade secrets claim at ICC
A sole arbitrator at the ICC is to hear claims against the venture capital arm of France’s Total after a Houston start-up company accused it of fraud and misappropriation of trade secrets relating to a mobile fuel delivery service.
14 September 2021
Ex-Cooley lawyer convicted of fraud
A court in London has convicted ex-Cooley lawyer Joshua Brien of defrauding the Commonwealth Secretariat and his former law firm out of over £600,000, including by misdirecting fees paid by an arbitration client and the government of the Maldives.
13 September 2021