Topic: Fraud

Market manipulation scheme leads to set-aside in Hong Kong

A Hong Kong court has upheld a jurisdictional challenge to an HKIAC award in favour of the daughter of a jailed Chinese pharmaceuticals executive – relying on new evidence that emerged through criminal proceedings over a market manipulation scheme.

31 August 2023

Packaging M&A leads to €400 million fraud claim

The German Arbitration Institute (DIS) is hearing a €400 million dispute over the acquisition of an Austrian packaging manufacturer whose former managers were accused of embezzlement and fraud, it has emerged.

23 August 2023

Israeli fintech group seeks bankruptcy relief after fraud claims

An Israel-based fintech group facing allegations of a US$4 billion fraud has filed for bankruptcy protection in Delaware, thwarting an insurance broker’s bid for injunctive relief in aid of a threatened arbitration in Bermuda.

21 August 2023

Singapore court denies India’s fraud challenge

A Singapore court has allowed Deutsche Telekom to enforce its US$140 million investment treaty award against India over a cancelled satellite deal, dismissing allegations the German company was complicit in fraud.

12 May 2023

Ukrainian lawyers charged with fraud in Switzerland

Three partners at Ukrainian firm Eterna Law have been charged with fraud in Switzerland after a former arbitration client accused them of forging a legal services agreement.

02 December 2022

Businessman backs Mexico’s challenge to NAFTA award

A businessman has made an unusual intervention in support of Mexico’s challenge to a NAFTA award, arguing the arbitrators’ finding that he masterminded a fraudulent scheme was “devastating” to his reputation.

06 October 2022

Indian court annuls billion-dollar award for “fraud”

The Delhi High Court has set aside a US$1.3 billion ICC award against an Indian state-owned entity after finding it suffered from “patent illegalities and fraud” – as a related treaty claim continues.

30 August 2022

Solar panel maker argues TotalEnergies fraud suit should go to ICC

A Chinese solar panel manufacturer has told a US court that a US$100 million fraud litigation brought by the renewables arm of France’s TotalEnergies belongs in ICC arbitration.

12 August 2022

Boris Johnson’s brother threatens claim against Mongolia

The half-brother of UK prime minister Boris Johnson has warned he may bring a US$50 million investment treaty claim against Mongolia for denial of justice over its failure to pursue a fraud prosecution against his local business partner.

03 August 2022

California businessman can bring late challenge to Burford award

An English court has said a California businessman is not too late to challenge an LCIA award that requires him to pay more than US$60 million in compound interest to a subsidiary of Burford Capital for breach of a litigation funding deal.

13 July 2022

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