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Ukraine seeks order for release of vessels and crew

Ukraine seeks order for release of vessels and crew

18 April 2019

Ukraine has initiated arbitration against Russia over its continued detention of three Ukrainian naval vessels and 24 servicemen following an incident last year in waters adjacent to Crimea – and has asked an international court for provisional measures to ensure their immediate return.

Challenging awards on a point of law: is Singapore moving against the trend?

Challenging awards on a point of law: is Singapore moving against the trend?

18 April 2019

As Singapore announces it is considering allowing appeals of arbitration awards on a point of law, Kohe Hasan and Justine Barthe-Dejean, partner and associate at Reed Smith (in alliance with Resource Law) in Singapore consider whether such a reform would be a move in the right direction.

Real estate investors take Colombia to ICSID

Real estate investors take Colombia to ICSID

18 April 2019

US investors have lodged a US$250 million ICSID claim against Colombia over the seizure of a real estate development in the wake of allegations the site had been used for criminal activities.

Venezuela fails to annul Caribbean airport award

Venezuela fails to annul Caribbean airport award

18 April 2019

An ICSID annulment committee has upheld a US$36 million award that held Venezuela liable for expropriation and denial of justice in a dispute over a Caribbean airport.

Korean boutique hires partner

Korean boutique hires partner

18 April 2019

Seoul-based boutique KL Partners has hired Dong-Seok (Johan) Oh from Kim & Chang.

Greece fails to sink shipyard award

Greece fails to sink shipyard award

17 April 2019

Greece has lost a challenge to an ICC award in favour of the Middle Eastern-owned operator of one of the country’s largest commercial shipyards – and has disputed a recent statement by the investor that the award has a total commercial value of more than €1.2 billion.

Mozambican state entities face claims amid fraud probe

Mozambican state entities face claims amid fraud probe

17 April 2019

Abu Dhabi-based shipbuilder Privinvest has commenced arbitration against three Mozambican state-owned companies in the wake of a probe by US authorities into an alleged US$2 billion fraud that has been called the “tuna bond” scandal.

Clifford Chance team launch Paris boutique

Clifford Chance team launch Paris boutique

17 April 2019

Jean-Pierre Grandjean, the former head of Clifford Chance’s dispute resolution group in Paris, has opened a new boutique, where he is joined by two other practitioners from his old firm.

Tanzania hit with claim by owner of sanctioned bank

Tanzania hit with claim by owner of sanctioned bank

17 April 2019

One of the former owners of a bank in Tanzania that was shut down after US authorities accused it of money laundering has launched an ICSID claim against the east African state – months after losing a treaty claim against Cyprus.

Russia ordered to pay for petrol stations seized in Crimea

Russia ordered to pay for petrol stations seized in Crimea

16 April 2019

A group of Ukrainian oil and gas companies have won around US$80 million plus interest and costs in a pair of investment treaty claims against Russia over petrol stations and related assets in Crimea that were expropriated following Russia’s annexation of the territory in 2014.