Region: Czech Republic

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

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

The last of seven investment arbitrations launched by European investors against the Czech Republic over changes to its solar power legislation over a decade ago has concluded with the state being ordered to pay US$15 million.

30 January 2024

Cypriot companies owned by a former Czech senator have lost a US$164 million investment treaty claim against the Czech Republic over the cancellation of a licence to operate video lottery terminals.

28 July 2023

The Commercial Court in London has refused to order the Czech Republic to pay security for the award or security for costs while it challenges a US$650 million investment treaty award over a blood plasma business – calling the investors’ costs estimate “absurdly high”.

24 July 2023

Squire Patton Boggs has promoted Vladimír Polách and Matej Pustay, who have both defended Kosovo in arbitration proceedings, to the partnership in Prague.

27 February 2023

Brussels-based banking group KBC says its subsidiary has been ordered to pay US$167 million to a Czech investor in a dispute over the collapse of a major bank – 16 years after the arbitration was first filed.

22 February 2023

CEZ, the majority state-owned Czech energy group, says it has launched a US$45 million ICC arbitration against Gazprom – the latest in a wave of claims over undelivered Russian gas supplies.

10 February 2023

The Czech Republic has threatened arbitration against two Moscow-led development banks created during the Soviet era, as the state looks to recover its investments after it withdrew its membership following the Russian invasion of Ukraine.

06 February 2023

The High Court in London has affirmed that Volterra Fietta is not entitled to any of the nearly US$3 million it billed a client in an investment treaty arbitration under a conditional fee agreement that was found to be unlawful.

02 August 2022