Canada’s Gold Reserve, which won a billion-dollar award against Venezuela a decade ago, has threatened the state with a new investment treaty claim worth more than US$7 billion after its mining rights were again revoked.
The High Court of Rwanda has set aside a US$32 million UNCITRAL award against a state-owned entity, finding it was contrary to public policy in light of the Indian claimant’s subsequent conviction for bribery and corruption.
Audley Sheppard KC, who stepped down as co-head of international arbitration at Clifford Chance last year, is set to join Twenty Essex in London as an arbitrator.
The European Parliament has voted in favour of a “coordinated withdrawal” of EU member states from the Energy Charter Treaty.
JAMS has published new rules governing cases involving artificial intelligence, becoming the first institution to create specialised rules for AI disputes.
The UK Supreme Court has dismissed a Gazprom joint venture’s challenge to an English anti-suit injunction that was granted to support a Paris-seated ICC arbitration agreement.
A London-listed mining company has filed two arbitrations over missed payments relating to its troubled US$300 million sale of two gold projects in Burkina Faso.
An English judge has ruled that a £100 million property in London linked to the National Iranian Oil Company should be transferred to UAE-based Crescent Petroleum to partially satisfy a US$2.6 billion award.
Arbitration practitioners have expressed concern at the Indian Supreme Court’s unusual decision to set aside a US$960 million award relating to a metro project in Delhi by using its curative jurisdiction to correct a “grave miscarriage of justice”.
In his GAR Award-winning Alexander Lecture at the Chartered Institute of Arbitrators, Toby Landau KC considered the "scars" left by investor-state arbitration as cases become more political and tribunals rule on "ever more sensitive areas of sovereign discretion".
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