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Croatia held liable but avoids damages in postal case

Croatia held liable but avoids damages in postal case

12 April 2019

An ICSID tribunal has found Croatia liable for failing to protect a Dutch entity’s investment in a now-defunct postal services enterprise, while declining to grant any of the more than €53 million in damages sought.

Bulgaria sees off intra-EU claim

Bulgaria sees off intra-EU claim

12 April 2019

An ICSID tribunal has rejected an Austrian energy group’s €850 million claim against Bulgaria relating to electricity pricing and renewable energy regulation, but the company says that part of its claim was offset by a settlement with a state-owned entity two years ago.

ICSID measures fail to halt extradition of witness

ICSID measures fail to halt extradition of witness

11 April 2019

The High Court in London has affirmed that it was not an abuse of process for Romanian authorities to seek to extradite a German businessman to face bribery charges despite the recommendation of an ICSID tribunal that the arrest warrant against him should be temporarily withdrawn.

Veeder and van den Berg on the future of investment arbitration

Veeder and van den Berg on the future of investment arbitration

11 April 2019

An event marking the official launch of White & Case’s London investment arbitration practice brought together leading arbitrators VV Veeder QC and Albert Jan van den Berg to discuss the future of investment arbitration. White & Case’s Agnieszka Zarowna reports.

Hong Kong award enforced in dispute over solar IPO

Hong Kong award enforced in dispute over solar IPO

11 April 2019

A US court has confirmed an HKIAC-administered award that held the founder and controlling shareholder of a Cayman-registered solar energy company liable for depriving former employees of the benefits of an initial public offering.

New York State wins payout in Native American casino dispute

New York State wins payout in Native American casino dispute

11 April 2019

The State of New York has won US$256 million in an arbitration with a Native American tribe and stands to collect as much as US$1 billion over the next five years after a tribunal upheld its interpretation of a revenue-sharing agreement for three casinos.

Spain challenges solar award as another emerges

Spain challenges solar award as another emerges

10 April 2019

Spain has applied to annul a €64.5 million ICSID award that compensated an Emirati-owned investor for changes to the country’s subsidy regime for renewable energy – as another decision that held the state liable over the reforms comes to light.

English court blocks proceedings in Jordan

English court blocks proceedings in Jordan

10 April 2019

The High Court in London has restrained a French construction company from pursuing court proceedings in Amman over a contract for works at a container terminal at Jordan’s only port.

PLMJ co-founder to go solo in Lisbon

PLMJ co-founder to go solo in Lisbon

10 April 2019

Portuguese practitioner and PLMJ co-founder José Miguel Júdice is leaving the firm after more than four decades to go solo as an arbitrator.

Billion-dollar award in mining fraud dispute

Billion-dollar award in mining fraud dispute

10 April 2019

Brazil’s Vale has been awarded nearly US$2 billion in an LCIA claim over a mining project in Guinea that gave rise to allegations of corruption and fraud and the disqualification of a prominent arbitrator – two months after a related ICSID claim reportedly settled.