Organisation: Alstom

Switzerland’s highest court has rejected two challenges to an ICC award that requires French transport infrastructure group Alstom to pay over €63 million to its Japanese and Turkish partners for terminating a project to upgrade a commuter rail line in Istanbul.

26 March 2025

UPDATED: Mongolia says it has defeated a US company’s treaty claim over a gold mining project that faced criticism over its environmental impact.

02 September 2024

The French Court of Cassation is poised to rule on whether an allegedly corrupt “wedding gift” to Libreville’s former mayor justified the annulment of an ICC award against Gabon – a case that practitioners hope will settle controversy over the French courts’ approach to corruption allegations. Kevin Cubeddu of Latham & Watkins, who attended the court hearing last month, reports.

14 March 2024

A panel at the first ever in-person GAR Live Africa discussed the recent set-aside of an US$11 billion award against Nigeria, including the potential approach of tribunals to proportionality and the evolution of set-aside decisions on the issue.

11 January 2024

The Tashkent International Arbitration Centre and Hong Kong International Arbitration Centre have launched new rules allowing the two institutions to jointly administer cases.

23 November 2023

Pierre-Yves Tschanz, who was a partner at the recently disbanded Swiss firm Tavernier Tschanz, has established an independent arbitrator practice in Geneva.

02 May 2023

A court in Versailles has enforced an ICC award against Alstom after finding that the French transport group had not provided sufficient evidence to support its bribery defence – the latest in a line of French court decisions dealing with corruption allegations in arbitration.

03 April 2023

Flore Poloni, Thibaud Roujou de Boubée and Kimberley Bazelais of Signature Litigation in Paris explain why the French Court of Cassation’s recent decision to affirm the annulment of an investment treaty award because of signs of money laundering is less than satisfactory.

19 May 2022

A General Electric subsidiary has paid an ICC award over a Lithuanian power plant project after Sweden's Supreme Court refused to hear its final appeal that the contract was tainted by corruption – a case practitioners say shows the Swedish courts are taking a “UK approach” to such allegations.

05 May 2022

French rail transport group Alstom has launched an ICC claim against Canadian jet manufacturer Bombardier over a €4.4 billion acquisition that closed last year.

26 April 2022