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European Parliament approves EU-Singapore trade deal

European Parliament approves EU-Singapore trade deal

15 February 2019

The European Parliament has voted to approve free trade and investment protection agreements between EU and Singapore, including provisions for an “investment court system” that the European Commission views as a stepping stone towards multilateral reform of investor-state dispute settlement.

Another ICSID creditor eyes PDVSA assets

Another ICSID creditor eyes PDVSA assets

15 February 2019

A Dutch subsidiary of US bottlemaker Owen-Illinois has become the latest of Venezuela’s arbitral creditors to target the US assets of the state’s national oil and gas company PDVSA, in a bid to collect on a US$500 million ICSID award.

Russia held liable again over Crimean assets

Russia held liable again over Crimean assets

15 February 2019

A tribunal seated in The Hague has found Russia liable in a billion-dollar claim over the seizure of banking operations in Crimea, as well as in a separate case over an airport linked to Ukrainian businessman Igor Kolomoisky.

SIAC appoints new South Asia head

SIAC appoints new South Asia head

14 February 2019

The Singapore International Arbitration Centre has appointed Indian lawyer Shwetha Bidhuri as its new South Asia head based in Mumbai.

Counsel in place for new Crimea claim

Counsel in place for new Crimea claim

14 February 2019

A Ukrainian state-owned electricity company has instructed external counsel for a much-trailed investment treaty claim against Russia over assets expropriated following the annexation of Crimea five years ago.

Venezuela wins appeal in dual nationals case

Venezuela wins appeal in dual nationals case

14 February 2019

The French Court of Cassation has overturned a decision to partially annul an investment treaty award in favour of two dual nationals against Venezuela, following a complaint by the state that the award ought to have been annulled in full.

Hungarian firm promotes new disputes head

Hungarian firm promotes new disputes head

14 February 2019

Miklós Boronkay – who recently helped a French investor prevail in an ICSID claim against Hungary – has been promoted to partner and head of dispute resolution at Szecskay Attorneys at Law in Budapest.

Coal miner threatens treaty claim against Poland

Coal miner threatens treaty claim against Poland

13 February 2019

An Australian company has warned that it may bring an Energy Charter Treaty claim against Poland, saying that state authorities have unfairly obstructed the development of two coal-mining concessions.

ICSID panel declines to revisit intra-EU award

ICSID panel declines to revisit intra-EU award

13 February 2019

Hungary has failed to persuade an ICSID tribunal to revise a €23 million award issued more than two years ago in favour of French voucher services company Edenred to take account of the Achmea decision on intra-EU investment arbitration.

Two new counsel at Hughes Hubbard

Two new counsel at Hughes Hubbard

13 February 2019

Hughes Hubbard & Reed has promoted Leon Ioannou and Vitaly Morozov, part of the team helping Ukrainian investors in Crimea to pursue treaty claims against Russia, to counsel in Paris and Washington, DC, respectively.