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Qatar hospital dispute leads to ICC award

Qatar hospital dispute leads to ICC award

05 December 2018

An ICC tribunal has ruled that a Qatari state-backed foundation validly terminated a contract for the construction of a €1.7 billion medical facility in Doha, while ordering it to pay €44 million to the Spanish-Egyptian contractor.

Dispute over newspaper headquarters to play out in Milan

Dispute over newspaper headquarters to play out in Milan

04 December 2018

The media group behind Italian newspaper Corriere della Sera has brought an arbitration against US private equity group Blackstone as it seeks to reverse the €120 million purchase of its headquarters in central Milan in 2013 – bringing together the name partners of several major Italian firms as counsel.

Tiffany loses final appeal over Swatch award

Tiffany loses final appeal over Swatch award

04 December 2018

The Dutch Supreme Court has upheld a US$450 million award in favour of Swiss watchmaker Swatch against US jeweller Tiffany, five years after it was issued.

Tribunal agrees to hear claim against Serbia

Tribunal agrees to hear claim against Serbia

04 December 2018

In the third ICSID decision relating to Serbia in a month, a tribunal has upheld jurisdiction over what was alleged to be a “round-trip” claim against the state, brought by a Serbian investor via a Cypriot-incorporated investment holding company.

Singaporean investor’s claim against Mexico underway

Singaporean investor’s claim against Mexico underway

04 December 2018

An UNCITRAL tribunal is in place to hear a Singaporean marine services provider’s investment treaty claim against Mexico, with ICSID administering the dispute.

Lawyers charged in Geneva over fake arbitration

Lawyers charged in Geneva over fake arbitration

03 December 2018

Swiss authorities have charged Matthew Parish and two other Geneva-based lawyers with fabricating an arbitration as part of an effort to implicate senior Kuwaiti officials in a coup plot and corruption scandal.

IBA committee publishes report on ISDS reform

IBA committee publishes report on ISDS reform

03 December 2018

The International Bar Association’s subcommittee on investment treaty arbitration has released a long-awaited report proposing solutions aimed at improving its consistency, efficiency and transparency and weighing up the idea of replacing it with a permanent investment court.

Egyptian state entities face enforcement bid despite settlement

Egyptian state entities face enforcement bid despite settlement

03 December 2018

An Egyptian company has applied to a US court to enforce an ICC award ordering two Egyptian state entities to pay it US$367 million including interest for terminating a deal to supply gas to Israel – despite a recent settlement agreement involving a number of its shareholders.

Post-Brexit London to host International Disputes Week

Post-Brexit London to host International Disputes Week

03 December 2018

London is to play host to its first International Disputes Week, just weeks after the UK is scheduled to withdraw from the European Union on 29 March.

New board for Ukrainian Arbitration Association

New board for Ukrainian Arbitration Association

30 November 2018

The Ukrainian Arbitration Association has elected lawyers based in Kiev, Moscow, London, Paris and Minsk to its nine-strong board presided over by Olena Perepelynska of Integrites in Kiev.