Organisation: Bank of England

Sarah Garvey, who has advised Lesotho in a dispute over a stalled solar project, has left Allen & Overy to join the partnership of Mayer Brown in London.

02 November 2023

Hong Kong investors affected by the write-down of Credit Suisse bonds are reportedly preparing an investment treaty claim against Swizerland – weeks after an Australian funder announced it would back another group of bondholders represented by Allen & Overy.

05 September 2023

Bahrain has announced the outcome of criminal proceedings regarding the activities of Iranian banks, as deliberations are under way in a sensitive investment treaty case over whether one of the banks was the victim of a politically-motivated expropriation. 

09 August 2021

A trio of arbitrators is to embark on a third set of deliberations in the first known investment treaty case against Bahrain, following the unexpected deaths of two members of the original tribunal in a single year and as a massive related money-laundering case plays out in court in the Gulf state. 

26 July 2021

Venezuelan president Nicolás Maduro has won the latest round of his battle with Juan Guaidó over who should represent the state in international disputes, after an ICSID tribunal refused to allow the opposition leader’s legal team to appear in a resubmitted claim by ExxonMobil.

04 March 2021

An ICSID annulment committee has agreed to lift a stay of enforcement on ConocoPhillips’ US$9 billion award against Venezuela subject to conditions – while again refusing to exclude lawyers instructed by the country’s opposition leader Juan Guaidó.

04 November 2020

The Court of Appeal in London has ruled that the UK government’s recognition of Juan Guaidó rather than Nicolás Maduro as lawful president of Venezuela is not necessarily conclusive for the purpose of determining who has control over US$1.95 billion in gold reserves held by the Bank of England.

05 October 2020

Sir Nigel Teare has retired as the lead judge in London's Commercial Court – a role which has seen him rule on many high-profile arbitration-related cases – to join the arbitrator wing at Quadrant Chambers.

30 September 2020

In a blow to Venezuelan president Nicolás Maduro, a London court has ruled that the UK government “unequivocally” recognises Juan Guaidó as the country’s interim president in a battle for control of the state's gold reserves held by the Bank of England.

02 July 2020

A London court battle between Venezuela’s rival leaders for control of the country’s gold reserves held by the Bank of England will also determine the outcome of an LCIA case over which administration should receive US$120 million in proceeds from a gold swap, it has emerged.

25 June 2020