Work Area: Arbitration

Dutch court weighs SIAC award against Cayman fund

A Dutch court that has been asked to enforce a SIAC award over a Philippine toll road venture says it intends to seek guidance on whether the Indonesian-owned award debtor is a legal entity under Cayman law.

08 December 2022

Slovakia may face claim over windfall oil tax

A subsidiary of Hungarian energy group MOL has threatened to bring an international arbitration if Slovakia proceeds with plans to tax the windfall profits of companies exempt from the EU-wide embargo on Russian oil imports.

07 December 2022

Mining company brings ECT claim against Slovenia

A Luxembourgish coal mining investor has filed a €60 million ICSID claim against Slovenia under the Energy Charter Treaty, just weeks after the state moved to exit the treaty over environmental concerns.

06 December 2022

Poncet survives challenge in ICSID revision proceeding

Albania has failed to disqualify Charles Poncet from hearing its bid to revise a €110 million ICSID award based on the Swiss arbitrator being the only original member of the tribunal available to hear the request.

05 December 2022

Spain fails to annul intra-EU award in solar case

An ICSID committee has upheld an award requiring Spain to pay €42 million to a Luxembourgish subsidiary of US private equity firm First Reserve, rejecting arguments that the tribunal should have declined jurisdiction over the intra-EU dispute.

02 December 2022

Norway hit with another snow crab claim

Norway is facing another ICSID claim by an investor in the snow-crab industry, brought under a bilateral investment treaty that the state is reportedly seeking to terminate.

01 December 2022

Tanzanian plane remains grounded despite ICSID stay

A Swedish investor that won a US$165 million award against Tanzania has persuaded a Dutch court to uphold the attachment of an aircraft owned by the east African state, even though ICSID has stayed enforcement pending annulment proceedings.

29 November 2022

Egypt settles "New Cairo" claim

Egypt has settled an ICSID claim brought by a Dubai-owned pipe manufacturer over its right to bid for tenders related to a sewerage network for “New Cairo” – a US$30 billion project to relieve overcrowding in one of Africa’s largest cities.

29 November 2022

Canadian bank brings ICSID claim against Peru

A Canadian bank has brought an ICSID claim against Peru over a nearly 15-year long tax dispute, as a contractor turns to new counsel to challenge an award in a separate dispute with the Andean state.

25 November 2022

Mayer Brown promotes and recruits

Mayer Brown has promoted three new partners in Hong Kong and London and a counsel in Dubai, also recruiting a new counsel in Singapore.

23 November 2022

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