Region: Cyprus

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

A Moscow court has enforced a US$99 million award won by a sanctioned Russian television company in a Swiss arbitration against Ukrainian businessman Dmytro Firtash’s Group DF. 

25 March 2025

An ICSID tribunal has reportedly ruled in favour of a wind power investor in a €183 million Energy Charter Treaty claim against Romania over cuts to the state’s renewable energy incentive scheme.

19 March 2025

A Swedish court has set aside a Cyprus-registered oil trader’s US$47.6 million Energy Charter Treaty award against Poland, finding it is incompatible with fundamental principles of Swedish and EU law. 

04 February 2025

A subsidiary of Russia’s central bank is trying to enforce a US$565 million LCIA award against companies linked to the family of a Russian property tycoon – while a related fraud litigation in the UK has been adjourned.

06 November 2024

The French Court of Cassation has refused to reopen an ICC award that dismissed a US$1.4 billion investment treaty claim brought against Cyprus by the Lebanese former owners of a bank shut down by state authorities.

14 October 2024

A Luxembourg company part-owned by sanctioned Russian oligarch Mikhail Fridman says it is considering legal action against Cyprus, alleging it has lost more than US$7 billion worth of assets as a result of regulators’ failure to approve the divestment of its holdings in Russia’s banking sector.

29 May 2024

Cyprus says it has beaten the bulk of a US$570 million ICSID claim brought by nearly 1,000 Greek and Luxembourgish investors over bonds and bank deposits they said were confiscated as part of the state’s financial bailout by European institutions.  

23 May 2024

A Chinese consortium is pursuing a €200 million claim in a London arbitration against two Cypriot state-owned entities over a delayed project to construct a liquefied natural gas terminal.

21 February 2024

 A Cyprus-registered oil trader has asked a US court to enforce a US$47.6 million Energy Charter Treaty claim award against Poland over the state’s refusal to comply with decisions by its own courts.

04 December 2023