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Huawei threatens claim against Czech Republic

Huawei threatens claim against Czech Republic

08 February 2019

Embattled Chinese telecoms company Huawei has reportedly threatened the Czech Republic with international arbitration after a state agency warned that its technology poses a threat to cybersecurity.

PCA hears claim by Dubai investor in Czech real estate

PCA hears claim by Dubai investor in Czech real estate

07 February 2019

A Dubai investor’s US$20 million treaty claim against the Czech Republic is underway at the Permanent Court of Arbitration in The Hague, with the UK’s Sir Christopher Greenwood QC presiding over the tribunal.

Disclosure of judges’ records denied in Panama corruption claim

Disclosure of judges’ records denied in Panama corruption claim

07 February 2019

Two ICSID claimants who allege they were victims of judicial corruption in Panama have failed in a bid to compel the state to produce bank statements of justices at its Supreme Court and records of their deliberations.

Enforcement of Crimea award upheld in Ukraine

Enforcement of Crimea award upheld in Ukraine

07 February 2019

The Ukrainian Supreme Court has enforced an investment treaty award that requires Russia to pay US$159 million to Ukrainian investors in Crimea – while limiting the scope of attachments previously granted against the assets of three Russian state-owned banks.

Malintoppi resigns after challenge over husband’s counsel work

Malintoppi resigns after challenge over husband’s counsel work

06 February 2019

Italian arbitrator Loretta Malintoppi has resigned as chair of an ICSID tribunal hearing a claim against Colombia after being challenged over her husband’s counsel work for the state in a separate dispute.

Special counsel joins Freshfields in New York

Special counsel joins Freshfields in New York

06 February 2019

Thomas Walsh has joined Freshfields Bruckhaus Deringer as special counsel in New York after more than 11 years at Sullivan & Cromwell’s offices in the same city.

Fresh faces on Finnish board

Fresh faces on Finnish board

06 February 2019

The Arbitration Institute of the Finland Chamber of Commerce has appointed seven new board members and released its latest caseload statistics – while Finland’s minister of justice has announced an overhaul of the country’s arbitration act.

Egyptian brothers held liable for Eurobond default

Egyptian brothers held liable for Eurobond default

06 February 2019

Two Egyptian brothers have asked a US court to set aside an ICDR award that held them personally liable to pay US$194 million after their companies defaulted on Eurobonds bought by UBS and several other international banks.

Chinese nationals pursue former boss over solar IPO

Chinese nationals pursue former boss over solar IPO

05 February 2019

Three Chinese former employees of a Cayman-registered solar energy company have applied to a US court to enforce a US$13 million HKIAC award that found they were unfairly deprived of the benefits of an initial public offering.

Hungary hit with another intra-EU BIT award

Hungary hit with another intra-EU BIT award

05 February 2019

An ICSID tribunal has ordered Hungary to pay €73 million plus interest to French food voucher services company Sodexo Pass International after rejecting a submission by the European Commission that the intra-EU BIT claim was precluded by the Achmea decision.