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The Pledge launches in India

07 December 2018

The Equal Representation in Arbitration Pledge has launched in India – with a new India steering committee devoted to promoting it and raising awareness of gender equality in arbitral appointments.

Shearman promotes Lat Am specialist

Shearman promotes Lat Am specialist

07 December 2018

Shearman & Sterling has promoted to partner a London-based Colombian who has advised on most of the Latin American disputes handled by the firm in recent years.

India challenges award in gas migration dispute

India challenges award in gas migration dispute

07 December 2018

India has asked the Delhi High Court to set aside an UNCITRAL award rejecting the state’s claims that Indian energy company Reliance Industries and its foreign partners profiteered from gas that the state says migrated into their offshore block from adjacent state-owned fields in the Bay of Bengal.

Salvaging from the Achmea wreckage

Salvaging from the Achmea wreckage

06 December 2018

A conference in Paris looked at the impact of the Court of Justice of the European Union’s judgment in Achmea and its "unintended consequences”, with one speaker saying we can still "save quite a lot from the wreck".

Achmea, viewed from Japan

Achmea, viewed from Japan

06 December 2018

The Investment Treaty Arbitration Committee of the Japan Association of Arbitrators has held its first event in Tokyo in conjunction with the Singapore International Arbitration Centre – including discussion of how Asian jurisdictions should respond to Achmea and other recent developments in Europe.

Philip Morris and Ukraine settle tax dispute

Philip Morris and Ukraine settle tax dispute

06 December 2018

Tobacco group Philip Morris will not proceed with a threatened investment treaty claim against Ukraine over a US$23 million tax bill, after the parties were able to agree a settlement.

Award upheld in battle of banks

Award upheld in battle of banks

06 December 2018

A Nigerian "bad bank" has failed in an attempt to set aside an LCIA award won by Qatar National Bank in a dispute over share dividends, after the Commercial Court in London held that the challenge was “no more than a thinly disguised attack on the correctness of findings made by the tribunal.”

Peru faces ICSID threat over seized gold

Peru faces ICSID threat over seized gold

05 December 2018

A Dutch asset management company has threatened Peru with an ICSID claim worth more than US$65 million over the destruction of its gold trading business and reputational damage in the wake of an investigation into alleged illegal mining.

Liberian telecoms award revived in Texas

Liberian telecoms award revived in Texas

05 December 2018

A Texas state court has reinstated an ICDR award in favour of Chinese telecoms company ZTE in a long-running dispute over a project in Liberia, rejecting arguments that it was obtained through fraud.

Satellite dispute moves to next phase at ICDR

Satellite dispute moves to next phase at ICDR

05 December 2018

An ICDR tribunal has awarded more than US$50 million to a British satellite company in a dispute with a US customer over broadband services but that amount may be offset by counterclaims to be decided after a further hearing next year.