A UK court has upheld one of the Czech Republic’s grounds of challenge to a US$730 million treaty award won by investors in a blood plasma business, while dismissing or reserving judgment on other objections.
The Council of the European Union has approved a proposal to withdraw the EU from the controversial Energy Charter Treaty – as the treaty’s depositary Portugal becomes the latest member state to confirm its date of exit.
Blas Piñar Guzmán, a former Bird & Bird lawyer, has joined the partnership at Arias SLP, the Madrid boutique founded by Spanish practitioner David Arias.
International arbitration lawyers have been paying tribute to David Kasdan, a prolific real-time court reporter who transcribed more than a thousand hearings and procedural sessions, who has died aged 60.
ExxonMobil has launched an ICC claim against its partner in a valuable oil block off the coast of Guyana, potentially disrupting a US$53 billion takeover deal.
A Russian court has ordered a Czech state-owned gas transporter to halt a Prague arbitration against Gazprom’s exports arm or face a €113 million penalty.
UPDATED: Colombia has defeated a closely-watched ICSID claim worth US$130 million brought by a Canadian company over a ban on mining operations in environmentally protected wetlands.
A UK court has approved a restructuring plan for a subsidiary of Houston-based construction group McDermott that will effectively extinguish a US$1.3 billion ICC award debt owed to a Colombian state-owned entity.
The community is mourning Gerald Aksen, a leading US arbitrator and former general counsel of the American Arbitration Association, who has died aged 93.
A Dutch appeal court has rejected Russia’s arguments that awards worth US$60 billion in favour of the former majority shareholders of Yukos were tainted by procedural fraud, finding that the allegations were time-barred and unlikely to have changed the outcome of the arbitration.
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