Work Area: Investor-state arbitration
Gibson Dunn partner picks up Swiss prize for advocacy
The Swiss Arbitration Association has awarded Gibson Dunn’s New York-based co-chair of international arbitration Rahim Moloo its advocacy prize.
08 February 2024
ICSID panel strikes out most of Tanzania’s annulment bid
In a first at ICSID, a panel has summarily dismissed most of Tanzania’s grounds for annulling an Australian nickel miner’s US$76.7 million award – after it found they were manifestly without legal merit.
07 February 2024
A&O withdraws from Credit Suisse case
Allen & Overy has quietly withdrawn as counsel to Credit Suisse bondholders in a prospective investment treaty claim against Switzerland after being pressured by UBS, GAR has learned.
07 February 2024
US weighs into Spain’s fight over intra-EU awards
The US Department of Justice has weighed into a DC Circuit appeal over the enforcement of three Energy Charter Treaty awards against Spain, arguing that the existence of an arbitration agreement is a threshold question and that it was “improper” for a judge to issue anti-suit injunctions against the respondent state.
06 February 2024
US music licensing company threatens claim against Jamaica
A US music licensing company has threatened to bring an ICSID claim against Jamaica over an alleged scheme of corruption that thwarted its attempts to be listed on the country’s stock exchange.
06 February 2024
Austrian bank withdraws claim against Slovenia
An Austrian bank has withdrawn its €110 million ICSID claim against Slovenia over a law that imposed a retroactive exchange-rate cap on loans denominated in Swiss francs, after a Slovenian court found the legislation was unconstitutional.
06 February 2024
Mining magnate fails to get interim measures against Australia
An UNCITRAL tribunal hearing a mining tycoon’s US$200 billion treaty claim against Australia over an iron ore project has denied his request for interim measures.
05 February 2024
Belarus beats railway claim with fraud defence
An ICSID additional facility tribunal has thrown out a claim worth up to US$234 million brought by a Russian railway company against Belarus, after it found the investor engaged in a fraudulent scheme.
02 February 2024
Yukos shareholders seize Russian property in London
The former majority of shareholders of Yukos have seized a London property owned by Russia to satisfy the legal costs of their battle to enforce awards worth US$60 billion.
02 February 2024
Korean state miner prepares claim against Panama
A South Korean state-owned mining company is reportedly preparing to bring a US$750 million treaty claim against Panama over the closure of a mining project that has already spawned several other disputes.
02 February 2024