Organisation: Citigroup
ICSID creditor targets Uruguay’s assets in Luxembourg
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
Chad sees off bid to freeze bank accounts in oil pipeline dispute
Chad says an ICC tribunal has rejected a request by the UK’s Savannah Energy to freeze the accounts of an oil pipeline venture pending a dispute over its partial nationalisation.
14 May 2024
Chad pipeline dispute reaches New York
A UK-based energy company has asked a US court to freeze US$151 million in funds held by Citibank pending an ICC arbitration with Chad over an oil pipeline venture – putting an emergency arbitrator order in the public domain.
04 September 2023
Mexico defeats bulk of claim over ship seizures
A divided UNCITRAL tribunal dismissed the bulk of a Singaporean investor’s US$227 million treaty claim against Mexico relating to the seizure of vessels during a fraud probe, a newly published ICSID award reveals.
12 May 2022
Mexico liable over vessels seized in fraud probe
A Singaporean marine services provider has been awarded damages in a treaty claim against Mexico relating to the seizure of vessels during a fraud investigation, as a related ICSID claim by a Dutch bank is discontinued.
12 January 2022
Claims filed over multibillion-euro eyewear merger
Franco-Italian eyewear group EssilorLuxottica is facing a pair of arbitrations over its planned €5.5 billion purchase of a rival Dutch brand, after raising concerns about measures taken by the target company to mitigate the impact of covid-19.
30 July 2020
Singaporean investor’s claim against Mexico underway
An UNCITRAL tribunal is in place to hear a Singaporean marine services provider’s investment treaty claim against Mexico, with ICSID administering the dispute.
04 December 2018
Mexico faces claim over fraud investigation
A Singaporean marine services provider has filed an investment treaty claim against Mexico after vessels belonging to its subsidiary were seized as part of a fraud investigation targeting one of Latin America’s largest oil services companies.
08 May 2018
Kurdistan settles multibillion-dollar gas dispute
The Iraqi region of Kurdistan will pay a United Arab Emirates consortium US$1 billion and grant it new oil and gas exploration blocks to settle one of the highest-value gas disputes in the Middle East, with claims valued at over US$39 billion.
31 August 2017
Kurdistan told to pay costs ahead of damages hearing
An LCIA tribunal has ordered the Kurdistan Regional Government of Iraq to pay over US$14 million in costs, ahead of a hearing on a United Arab Emirates gas consortium's claim for more than US$26.5 billion in damages relating to two petroleum fields.
01 August 2017