Topic: Bribery and corruption

French court rejects corruption challenge in Cameroon food venture dispute

A French court has rejected a Cameroonian businessman’s attempt to set aside an ICC award in favour of a Spanish food group based on allegations it terminated their partnership to benefit from corrupt links with Nigerian officials.

25 June 2024

Gabon settles “wedding gift” case ahead of cassation ruling

A Maltese company has settled a dispute with Gabon over a €90 million ICC award that was annulled because of a “wedding gift” to a public official – withdrawing an appeal that practitioners hoped would clarify how French courts should handle corruption-related challenges to arbitral awards.

12 June 2024

Mexican utility wins gas supply dispute at LCIA

A Mexican state utility has defeated an LCIA claim by a Texan energy company that it accused of obtaining contracts through corruption.

10 June 2024

Korea declares win against real estate investor

South Korea says it has defeated a US$192 million ICSID claim brought by a Chinese investor over the alleged expropriation of his shares in a real estate company, after the tribunal found those investments were part of an illegal scheme.

03 June 2024

Hedge fund's award against Korea published

An award requiring South Korea to pay US$32 million to US hedge fund Mason Capital for interfering in an US$8 billion Samsung merger is now public.

21 May 2024

Lima’s corruption claim fails in highway dispute

A Paris-seated tribunal has ordered the Peruvian municipality of Lima to pay US$46 million after dismissing its bid to nullify a contract with a French-owned highway concessionaire on corruption grounds.

23 April 2024

Singaporean state-owned entity liable in oil drilling dispute

UPDATED: A Norwegian-US joint venture company has won more than US$108 million in a SIAC arbitration with a Singaporean state-owned company over contracts to build oil drilling equipment that were terminated in the wake of Brazil's Lava Jato corruption scandal.

18 April 2024