Work Area: Arbitration
Czech Republic has limited success in challenge to plasma award
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.
08 March 2024
Russian court restrains Czech arbitration against Gazprom
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.
07 March 2024
Panama sees off ICSID claim by biofuels investor
Panama has defeated a US$100 million ICSID claim brought by an Italian-owned company that alleged the state had expropriated its biofuel operations and wrongfully fined it for environmental pollution.
04 March 2024
“There was never an arbitration at all”: UK court blocks fabricated Kuwaiti award
The Commercial Court in London has overturned the enforcement of a £70 million award purportedly rendered at a Kuwaiti arbitral institution, finding it was a “fabrication” and that the arbitration had never happened.
29 February 2024
Gaming company wins damages in Macau-seated ICC case
A Macau gaming company has won over US$175 million in an ICC claim against its former partners in a slot-machine club venture in Laos.
27 February 2024
Slovenia denied security in fracking case
An ICSID tribunal has declined to order a UK company to post security for costs in a €656.5 million claim over Slovenia’s blanket ban on fracking for natural gas.
23 February 2024
Leadership changes at ICCA
The International Council for Commercial Arbitration has elected a new vice president and treasurer to its executive body and welcomed four new members to its governing board.
22 February 2024
Chinese consortium brings claim over Cyprus LNG project
A Chinese consortium is pursuing a €200 million claim in a London arbitration against two Cypriot state-owned entities over a delayed project to construct a liquefied natural gas terminal.
21 February 2024
Dutch court rejects Russia’s fraud challenge to Yukos awards
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.
20 February 2024
Mangan leaves Dechert for new Asia-Pacific boutique
The exodus of international arbitration talent from Dechert has continued as partner Mark Mangan leaves to set up a new boutique in New Zealand and Singapore with two former colleagues.
19 February 2024