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Bangladeshi power claim clears hurdle at ICSID

Bangladeshi power claim clears hurdle at ICSID

11 December 2019

Retired UK Supreme Court judge Jonathan Mance has upheld jurisdiction over a power company’s contract-based ICSID claim against a Bangladeshi state agency.

Conoco faces bid to annul US$9 billion Venezuela award

Conoco faces bid to annul US$9 billion Venezuela award

11 December 2019

Venezuela's government-in-exile has applied to annul a US$9 billion ICSID award won by US oil company ConocoPhillips over the expropriation of oil assets in the Orinoco Belt – while it argues before a Delaware court that the state's assets are shielded from other arbitral creditors because of the US sanctions regime.

Revised “new NAFTA” signed in Mexico

Revised “new NAFTA” signed in Mexico

11 December 2019

Negotiators from the US, Canada and Mexico have signed a revised version of the trade agreement intended to replace NAFTA, increasing labour rights and environmental protections while retaining restrictions on investor-state dispute settlement agreed last year.

Who’s Who Legal: Arbitration 2020 unveiled

Who’s Who Legal: Arbitration 2020 unveiled

10 December 2019

GAR and its sister publication Who’s Who Legal has revealed its list of the top international arbitration lawyers and expert witnesses for 2020.

King & Spalding promotes four

King & Spalding promotes four

10 December 2019

King & Spalding has promoted four members of its international arbitration practice in New York, Washington, DC and London.

Korean state entity launches claim against India

Korean state entity launches claim against India

10 December 2019

A subsidiary of Korea’s state-run power company has filed a US$400 million investment treaty claim against India over alleged breaches of a gas supply agreement.

Embattled Russian refinery fails to block LCIA claim

Embattled Russian refinery fails to block LCIA claim

10 December 2019

The Commercial Court in London has ruled that an LCIA tribunal can hear a commodities trader’s misrepresentation and conspiracy claims against an insolvent Russian refinery over a deal for deliveries of gasoil.

Schellenberg Wittmer promotes in Geneva

Schellenberg Wittmer promotes in Geneva

09 December 2019

Schellenberg Wittmer has promoted a practitioner who is representing Russia in several high-profile investment treaty disputes to counsel in Geneva.

Philippines hits back after water tariff award

Philippines hits back after water tariff award

09 December 2019

Philippine president Rodrigo Duterte has ordered the filing of criminal charges against two water utilities after one was awarded US$145 million for lost revenues by a tribunal at the Permanent Court of Arbitration.

Montenegro faces claim over port concession

Montenegro faces claim over port concession

09 December 2019

An Italian-owned shipping company has threatened to launch arbitration proceedings against Montenegro after the state issued a tender for a second operator at one of its ports.