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Fali Nariman dies at 95

The international arbitration community is mourning the death of leading Indian jurist and arbitrator Fali Nariman, who passed away this morning aged 95.

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

Simmons opens in Saudi

Simmons & Simmons has joined the rush of firms targeting the Saudi Arabian market by entering a joint venture with Riyadh-based practitioner Amer Al Amr – with construction disputes partner Niall Clancy relocating from Dubai to the kingdom.

20 February 2024

Decade-old ICSID award against Niger lands in US court

A Scottish airport services group has asked a US court to register an ICSID award that it won against Niger more than a decade ago.

20 February 2024

ThyssenKrupp defeats claims by Greece in multibillion-euro submarine dispute

An ICC tribunal has rejected claims brought by Greece against ThyssenKrupp in a multibillion-euro ICC arbitration over cancelled contracts to build submarines for the state’s navy, while only partly upholding claims against two other contractors.

19 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

US energy company threatens claim against Equatorial Guinea

A Houston-based energy company has reportedly threatened to file an arbitration against Equatorial Guinea over the alleged termination of its contract for an offshore gas field.

19 February 2024

Electricity investors threaten claim against Honduras

A Colombian-led energy consortium that held a concession to operate the national grid of Honduras has reportedly threatened a claim against the state.

19 February 2024

Belgium ordered to pay damages to DP World

Updated: A split ICSID tribunal has ordered Belgium to pay €41 million to Emirati logistics group DP World for expropriating part of its concession for a container terminal at the port of Antwerp.

16 February 2024

Malaysian court recognises ICSID award against Zimbabwe

A Malaysian court has recognised a US$200 million ICSID award against Zimbabwe, in what counsel are calling a first of its kind decision.

16 February 2024

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