Organisation: Bank of America

An affiliate of New York private equity firm Tenor Capital says it has attached Uruguay’s assets in Luxembourg as it seeks to execute a US$61.1 million ICSID award it won over the collapse of the state’s flag carrier airline.

19 November 2024

A South African investment fund has applied to courts in New York and Chicago to enforce a US$60 million LCIA award against a Ghanaian businessman arising from a loan guarantee.

06 September 2023

Rajiv Luthra, a pioneer of the Indian legal market who played a key role in supporting and promoting the system of international arbitration and its institutions, has died aged 65.

23 June 2023

A federal court in New York has attached the assets of one of Brazil’s wealthiest men at the request of an infrastructure group trying to enforce a US$41 million award issued in an arbitration in São Paulo.

01 August 2022

A Chinese financial services group has had an US$87 million HKIAC award confirmed in Missouri and is now eyeing enforcement in California against its US partner in a failed joint venture to resell used aircraft.

09 April 2021

A US appeals court has refused to allow a Chinese businessman to obtain documents for use in a CIETAC proceeding – cementing a divide between the country's courts on whether they can grant discovery in aid of foreign commercial arbitrations.

08 July 2020

An ICSID tribunal has dismissed a US$20 million claim against Sri Lanka concerning land for a planned hotel project that was flooded following dredging works, finding the claimants had not proved they made a contribution for the land or took on any investment risk.

11 March 2020

Anglo-Australian mining group Rio Tinto has launched an ICC arbitration against Indian billionaire Sanjeev Gupta’s Liberty House over the US$500 million sale of Europe’s largest aluminium smelter.

02 September 2019

A Chinese businessman has brought a CIETAC claim alleging he was defrauded and coerced into selling his stake in a music-streaming business that hopes to raise US$1.23 billion in an initial public offering in the US later this week.

10 December 2018

US bottle manufacturer Owens-Illinois has sold its interest in a US$455 million ICSID award against Venezuela to a third party which can seek to enforce in its place - but it may be required to repay the buyer if an ad hoc committee decides to annul the award in whole or in part.

04 August 2017