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The colour of money

The Milan Chamber of Arbitration's latest annual conference looked at economics-related issues in international commercial arbitration, including causation, the quantification of damages and interest, the taxation of awards and enforcement and asset tracing.

04 March 2024

Honduras to withdraw from ICSID

Honduras has made good on its threat to withdraw from ICSID over the centre’s handling of a US$11 billion claim, as the state also tries to disqualify arbitrator David W Rivkin from hearing that case.

01 March 2024

Yulchon hires practice co-head from Japanese firm

US lawyer David MacArthur is leaving Japanese firm Anderson Mori & Tomotsune to return to Korea as co-head of international dispute resolution at Yulchon.

01 March 2024

Engineering group pays Ecuador to settle treaty award

Ecuador says that Australian engineering company Worley has paid US$6 million to satisfy a costs award from its failed US$145 million treaty claim, which was thrown out last year based on findings of illegality.

01 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

Colombia defeats ICSID claim over environmental measures

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.

29 February 2024

Mozambique defeats treaty claim over rail project

A divided UNCITRAL tribunal has thrown out an Indian investor’s US$156 million treaty claim against Mozambique over a rail and port project.

29 February 2024

Uniper prepares treaty claim against Russia

German state-owned energy group Uniper has put Russia on notice of a potential investment treaty claim over a decree that placed its Russian assets under temporary state control.

29 February 2024

New leadership for Green Campaign

Lucy Greenwood, the founder of the Campaign for Greener Arbitrations, has stepped down as president of the initiative’s steering committee – as Cherine Foty of Covington & Burling and Christine Falcicchio of e-submission provider Sopra Legal take over as co-presidents.

29 February 2024

Billion-dollar award debt written off in UK restructuring

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.

28 February 2024

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