Topic: Criminal proceedings

An Israeli businessman and his imprisoned father have threatened to bring an investment treaty claim against Cyprus over a Nicosia police investigation into their development of property in the Turkish-controlled part of the island. 

02 April 2025

An ICDR tribunal has awarded US$354 million to US private equity investors in a “deeply troubling” dispute with the majority shareholders of a Guatemala-based telecoms company, who were found to be responsible for a campaign of intimidation against the claimants and arbitrators. 

27 March 2025

Three partners at Ukrainian firm Eterna Law have been acquitted of fraud charges in Switzerland after a former arbitration client withdrew a criminal complaint that they had forged a legal services agreement.

05 March 2025

A company linked to a jailed oligarch has been ordered to pay around US$1.8 billion in an LCIA arbitration after withdrawing a defence that he is the victim of a Russian government-led conspiracy – but he says he will continue to pursue those allegations in UK litigation.

15 November 2024

An Australia-based mining group is to file an ICSID claim against Ethiopia over a lithium project following the detention of one of its executives – as Ghana potentially faces arbitration after terminating gold mining leases. 

11 November 2024

Venezuela has knocked out a second treaty claim lodged by a Dutch lubricants investor with Venezuelan owners – one of whom was reportedly convicted over his involvement in a plot to overthrow the country’s president Nicolás Maduro while the arbitration was pending.

21 October 2024

Romania has defeated a long-running ICSID claim in which it was accused of waging a campaign of persecution against the family of an insurance and media tycoon who died while serving a prison sentence in Bucharest.

14 June 2024

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

An ICSID tribunal has thrown out a US$75 million claim against Peru, saying a Florida-registered precious metals trader failed to prove it had “ownership or possession” of shipments of gold that were seized by customs authorities. 

15 May 2024

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