Region: Belgium
Belgian court throws out Albania’s appeal over asset freeze
A Belgian court has rejected Albania’s latest bid to unfreeze air traffic control revenues that were attached by ICSID creditors including prominent Italian businessman Francesco Becchetti – also fining the state for abusive conduct.
05 November 2024
Spain defeats intra-EU claims at ICSID
Spain says it has defeated a pair of Energy Charter Treaty claims worth more than €72 million brought by renewables investors – the first time ICSID tribunals have found they lack jurisdiction over intra-EU disputes.
15 October 2024
Curaçao court enforces against Venezuelan state entity
A Curaçao court has allowed Belgium’s export credit agency to enforce a US$25 million ICC award against a subsidiary of Venezuelan state-owned oil company PDVSA.
03 September 2024
Football investor lodges ICSID claim against Belgium
The Algerian former owner of a Brussels football club has launched an ICSID claim against Belgium, claiming nearly €50 million over the actions of a local council and the country’s competition authority that allegedly led to the club’s liquidation.
28 May 2024
Linklaters promotes in Brussels and Frankfurt
Linklaters has promoted Guillaume Croisant in Brussels and Kathrin Bauwens in Frankfurt to counsel.
05 April 2024
Engie brings claim against Belgium over cap on nuclear revenues
French utility Engie has brought a contractual arbitration against Belgium, alleging that a cap on market revenues of electricity producers violates agreements relating to two nuclear power stations.
12 March 2024
Belgium ordered to pay damages to DP World
Updated: A split ICSID tribunal has ordered Belgium to pay €41 million to Emirati logistics group DP World for expropriating part of its concession for a container terminal at the port of Antwerp.
16 February 2024
Belgium risks treaty claims over Russian asset freezes
UPDATED: Belgium says it has been threatened with treaty claims over the billions of dollars in Russian assets that have been frozen in the country since Russia’s invasion of Ukraine.
18 January 2024
Botox battle lands in Texas court
A French biopharma group has asked a US court to enforce an ICC award that restrains its Swiss partner Galderma from independently obtaining regulatory approval for a novel Botox treatment.
05 December 2023
Libyan fund launches treaty claim against Belgium
UPDATED WITH COUNSEL: Libya's sovereign wealth fund is pursuing a treaty claim against Belgium over the freezing of its assets, as it succeeds in lifting the last remaining attachments obtained by a pair of award creditors in France.
28 November 2023