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Details emerge of Iranian businessman’s claim against Azerbaijan

The Permanent Court of Arbitration has published documents from a treaty claim filed by an Iranian businessman against Azerbaijan – revealing the investor is seeking US$800 million over an alleged conspiracy led by the country’s president to seize his investments.

28 February 2024

Snow crab investors seek to revive claim against Norway

Latvian investors are seeking to annul an ICSID award that dismissed their €450 million treaty claim against Norway over rights to fish for snow crab, alleging that the state lied to the tribunal and knowingly appointed counsel with conflicts.

28 February 2024

Finnish energy company launches billion-euro claim against Russia

Finland’s majority state-owned energy company has launched an investment treaty claim against Russia, seeking several billion euros in damages over the seizure of its operations in the country.

27 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

Gerald Aksen 1930-2024

The community is mourning Gerald Aksen, a leading US arbitrator and former general counsel of the American Arbitration Association, who has died aged 93.

27 February 2024

Paris court issues trio of Libya decisions

The Paris Court of Appeal has upheld its earlier ruling permitting Libya to appeal the enforcement of a €280 million award – the third judgment the court has issued in recent months involving the state or entities it owns.

27 February 2024

Maldives wins award over covid-19 ventilators

The Maldives has reportedly prevailed in an arbitration against a Dubai-based trading group over its failure to deliver ventilators during the covid-19 pandemic.

26 February 2024

UK oil company instructs counsel for claim against Ireland

A London-listed oil and gas company has instructed counsel as it prepares to file the first known investment treaty claim against Ireland, for which it is also seeking third-party funding.

26 February 2024

Ten years of Le Café des Arbitres

Le Café des Arbitres, or LCDA, a series of Paris-based conferences hosted by Queen Mary University of London’s School of International Arbitration, marked its 10th anniversary with an event discussing the impact of technology and artificial intelligence and whether international arbitration as an industry will survive.

26 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

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