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“Floating armoury” award in favour of Sri Lankan piracy security business upheld

“Floating armoury” award in favour of Sri Lankan piracy security business upheld

20 April 2018

Singapore’s High Court has explained its decision not to set aside a SIAC award in favour of a piracy security business which had been accused of bribing a Sri Lankan state entity to allow “a floating armoury” off the coast of the port city of Galle.

LCIA claim against Azerbaijani bank allowed with conditions

LCIA claim against Azerbaijani bank allowed with conditions

20 April 2018

An English court has agreed to lift a moratorium that prevented a group of hedge funds from pursuing debt claims in an LCIA proceeding against a restructured bank in Azerbaijan, provided it devises “appropriate undertakings” to ensure the arbitration won’t render futile a pending appeal in which the bank seeks a permanent stay of actions by its creditors in England and Wales.

EU unveils new trade deal with Singapore

EU unveils new trade deal with Singapore

20 April 2018

The European Union and Singapore have finalised their first investment protection agreement, replacing 12 bilateral investment treaties and providing for a permanent two-tier tribunal to hear investor-state disputes.

"Let there be light"

"Let there be light"

20 April 2018

The mood of this week’s ICCA conferences has been one of “concerned introspection” and the theme the legitimacy of arbitration “with its darker undercurrent of illegitimacy”, Sir Bernard Rix has told delegates at the second event in New Zealand – arguing it is time for the process to become more transparent.

The claim-award discrepancy and third-party funding

The claim-award discrepancy and third-party funding

20 April 2018

In light of a recent study by Allen & Overy, James Delaney, director at specialist arbitration finance finance and insurance broker TheJudge, considers the discrepancy between average claims and awards in investor-state arbitration and how it affects the negotiation of third party funding arrangements

Brazilian dairy dispute continues to churn

Brazilian dairy dispute continues to churn

20 April 2018

It has emerged that a Brazilian subsidiary of a Mexican dairy company has filed a claim in a shareholding dispute over the ownership of Brazil’s largest dairy exporter.

Allen & Overy promotes four and launches South Africa practice

Allen & Overy promotes four and launches South Africa practice

19 April 2018

Allen & Overy has promoted partners in Dubai, London, Singapore and Perth and launched a South African disputes practice with hires from Baker McKenzie.

Eversheds Sutherland promotes in London and Dubai

Eversheds Sutherland promotes in London and Dubai

19 April 2018

Eversheds Sutherland has promoted a new partner and counsel in London, both of whom have recent experience acting for Libya and Iran, as well as a partner in Dubai.

Dominican Republic hit by claim over landfill seizure

Dominican Republic hit by claim over landfill seizure

19 April 2018

A prominent Jamaican investor has launched a claim for over US$300 million against the Dominican Republic, claiming his landfill site was illegally expropriated by the state using its military.

Canadian mining companies take on Colombia at ICSID

Canadian mining companies take on Colombia at ICSID

19 April 2018

Colombia is facing a pair of claims brought by two Canadian mining companies, bringing the number of ICSID cases against the state over a ban on mining operations in environmentally protected wetlands to three.