Work Area: Enforcement and set-aside

Convicted businesswoman seeks to revive Kuwait claim

A Russian businesswoman who took refuge in an embassy after being convicted of money laundering in Kuwait has applied to revive her US$150 million investment treaty claim against the Gulf state.

14 November 2022

Lesotho court voids arbitration clause in public contract

A German company that won a €50 million award against Lesotho over a stalled solar project has vowed to resume enforcement efforts despite a ruling by the kingdom’s courts declaring the underlying contract and its arbitration clause invalid.

14 November 2022

Deripaska fails to revive treaty claim against Montenegro

A Swedish court has denied a bid by sanctioned Russian oligarch Oleg Deripaska to revive a €600 million claim against Montenegro – rejecting arguments the state had succeeded to a bilateral investment treaty signed by the former Yugoslavia.

11 November 2022

Russian steel producer wins set-aside bid in Sweden

In a rare example of an annulment in the Swedish courts, the operator of a Russian steel plant has won the partial set-aside of a Stockholm Chamber of Commerce award in a US$200 million dispute with a Chinese engineering contractor.

08 November 2022

Shanghai pharma company wins put-option dispute

A Shanghai-based pharmaceutical company has sought to enforce an ICDR award worth over US$40 million against the founder of a New Jersey-based medical practices network who has been implicated in a bank fraud conspiracy.

07 November 2022

Italy seeks to annul ECT award

Italy has applied to ICSID to annul an award that required it to pay a UK oil and gas company €190 million plus interest for refusing to grant a production concession for an offshore oil field.

31 October 2022

Guatemalan bank sees off ICDR claim in bribery dispute

A Guatemalan bank has defeated an ICDR claim worth almost US$400 million brought under a share purchase agreement allegedly procured through bribery.

28 October 2022

UK judge lifts stay of Yukos enforcement action

An English judge has agreed to lift a stay of proceedings brought by the former majority shareholders of Yukos Oil Company to enforce awards worth over US$50 billion against Russia, for the “sole purpose” of deciding on the state’s jurisdictional defence.

26 October 2022

Iranian state entity’s award challenge thrown out

Iran’s national oil company has lost another challenge to a US$2.4 billion award in favour of the UAE’s Crescent Petroleum in a long-running dispute over a failed gas supply deal.

24 October 2022

White & Case withdraws as counsel to Belarus in ICSID case

Months after White & Case announced it would cease acting for Russian and Belarusian state clients in response to the invasion of Ukraine, the law firm has withdrawn as counsel to Belarus in one ICSID case but remains on the record in another.

24 October 2022

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