Region: Asia-Pacific
Bahrain fails to overturn Iranian banks’ award
A Dutch court has upheld an investment treaty award ordering Bahrain to pay €214 million to two Iranian state-owned banks for the “politically motivated” expropriation of their local banking venture in the wake of the 2015 Iran nuclear deal.
23 April 2025
Myanmar faces first ICSID case
An Australian mining company that left Myanmar in the wake of its 2021 military coup has launched an ICSID claim against the southeast Asian state, invoking a regional free trade agreement.
23 April 2025
Korea drops challenge to hedge fund's award
South Korea has said it will not pursue a further appeal over a US$43 million investment treaty award in favour of US hedge fund Mason Capital after a Singapore court rejected its annulment bid earlier this year.
22 April 2025
UK court rules India’s immunity not precluded by New York Convention
The Commercial Court in London has ruled that India’s ratification of the New York Convention is not in itself a waiver of sovereign immunity from the jurisdiction of the English courts in an action to enforce a US$194 million investment treaty award.
22 April 2025
SIAC hears claim over Russian covid vaccine partnership
A Singapore biopharmaceutical company is pursuing a US$150 million SIAC claim against its Indian-owned partner over a collaboration to manufacture Russia’s Sputnik covid-19 vaccine.
14 April 2025
Azerbaijan defeats ECT claim over oilfield sale
An ICSID tribunal has declined to hear a Georgian businessman’s US$700 million claim against Azerbaijan over alleged interference in the sale of his stake in an onshore oilfield.
09 April 2025
Indian arbitrators behind “copied and pasted” award come to light
The Singapore Court of Appeal has upheld a decision to annul an ICC award in an Indian railway dispute because large portions of it were “copied and pasted” from awards in related cases – while taking the unusual step of naming the arbitrators.
08 April 2025
Lenovo and Ericsson settle global patent dispute through arbitration
China’s Lenovo and Sweden’s Ericsson have agreed to drop litigation over licensing of cellular patents in various countries and resolve their remaining disputes through arbitration.
04 April 2025
Pinna Goldberg hires in Paris and opens Uzbek office
Venezuelan lawyer Pedro Saghy has left Dentons to join the partnership at Pinna Goldberg in Paris, as the boutique launches a Tashkent office led by a former member of the Uzbekisan Ministry of Justice.
04 April 2025