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Estonia defeats intra-EU claim over water tariff cap

Estonia defeats intra-EU claim over water tariff cap

24 June 2019

An ICSID tribunal has dismissed a €65 million intra-EU claim against Estonia concerning a cap on the profits of water utility companies.

Greenwood panel rejects intra-EU objection

Greenwood panel rejects intra-EU objection

21 June 2019

An ICSID tribunal chaired by Sir Christopher Greenwood QC has upheld jurisdiction over a claim by a group of German banks against Spain, finding that EU law does not preclude arbitration of intra-EU investment disputes under the Energy Charter Treaty despite the views of most EU member states.

Mayer Brown hires UAE practice head

Mayer Brown hires UAE practice head

21 June 2019

Alain Farhad has left Squire Patton Boggs to join Mayer Brown as head of its dispute resolution practice in the United Arab Emirates.

Sanctioned Russian bank brings treaty claim against Ukraine

Sanctioned Russian bank brings treaty claim against Ukraine

21 June 2019

A Russian state-owned development bank has launched an investment treaty claim against Ukraine in response to sanctions affecting its local subsidiary.

Mexican taxi tech leads to NAFTA and ICC disputes

Mexican taxi tech leads to NAFTA and ICC disputes

20 June 2019

A joint venture that was granted a US$2.4 billion concession to provide digital taximeter and ride-hailing technology for taxi cabs in Mexico City is the subject of a threatened NAFTA claim and a pending ICC arbitration, it has emerged.

Mainland Chinese court recognises US judgment

Mainland Chinese court recognises US judgment

20 June 2019

Melody Wang of Fangda Partners reports on the firm’s recent success in persuading a court in mainland China to recognise a commercial judgment made by a US federal court – only the second time this is known to have happened.

“Alter ego” seeks foreign assistance in Moroccan hotel dispute

“Alter ego” seeks foreign assistance in Moroccan hotel dispute

20 June 2019

A US court has sought judicial assistance from Dutch and Luxembourg authorities in procuring evidence to support a Delaware holding company’s defence that it is not liable for a US$59 million ICC award arising from a dispute over a luxury hotel in Morocco.

Former in-house counsel launch New York arbitrator boutique

Former in-house counsel launch New York arbitrator boutique

19 June 2019

Jenner & Block's former co-chair of international arbitration Richard Ziegler has teamed up with Noah Hanft, former president and CEO of the CPR Institute, to launch a new arbitrator and mediator practice in New York – both men bringing experience as general counsel at US multinationals.

Albania liable for expropriating TV station

Albania liable for expropriating TV station

19 June 2019

An ICSID tribunal has ordered Albania to pay €110 million to a group of Italian investors for the expropriation of a television company, finding there was evidence to suggest it was the target of a politically motivated campaign.

Shipbuilder fails to enforce against Venezuela

Shipbuilder fails to enforce against Venezuela

19 June 2019

A US court has refused to enforce a US shipbuilder’s US$129 million award against Venezuela’s ministry of defence in a 17-year dispute over a contract to upgrade two missile-armed navy frigates.