Work Area: Enforcement and set-aside

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

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

India fails to block assignees from French enforcement battle

Three US entities that were assigned the rights to a US$111 million investment treaty award against India over a cancelled satellite deal have been allowed to intervene in French enforcement proceedings – as an appeal over a related award heads to the US Supreme Court.

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

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

Sanctioned Russian company wins Vietnamese power plant dispute

UPDATED. A sanctioned Russian engineering company has won more than US$500 million in a SIAC arbitration with Vietnam’s national oil and gas company, after defeating a much larger counterclaim.

12 February 2024

Kuwaiti group revives telecoms claim against Iraq

Kuwaiti logistics group Agility has said it will refile an ICSID claim against Iraq over a telecoms investment marred by alleged corruption after its bid to annul an award in the state’s favour was partially upheld.

12 February 2024

Cast list for Uniper gas pricing disputes emerges

GAR has identified the practitioners who appeared in two gas price review arbitrations involving German state-owned energy group Uniper, including a previously unreported case against Dutch supplier GasTerra.

08 February 2024

Spain fails to reopen solar reform award

An ICSID committee has refused to annul an Energy Charter Treaty award ordering Spain to pay a Japanese investor more than €23.5 million over the state’s reforms to its renewable energy regime.

08 February 2024

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