Region: Cyprus
Czech Republic declares win in lottery terminal dispute
Cypriot companies owned by a former Czech senator have lost a US$164 million investment treaty claim against the Czech Republic over the cancellation of a licence to operate video lottery terminals.
28 July 2023
Cypriot real estate investor gambles on arbitration
A Cyprus-based company controlled by an online poker entrepreneur has filed an ICC claim against two Spanish real estate developers over a €600 million luxury complex in Madrid.
07 July 2023
Canadian court affirms Russia can present new evidence in Yukos challenge
A Canadian appeals court has confirmed that Russia can present new evidence in its challenge to a jurisdictional award in a US$700 million Energy Charter Treaty claim brought by an investor in defunct oil company Yukos.
08 June 2023
Belgian supreme court upholds ruling on tribunal secretaries
Belgium’s supreme court has affirmed a controversial ruling that ICC awards can be drafted by tribunal secretaries if their work is reviewed by the arbitrators.
24 May 2023
Moldova sees off one treaty claim and is hit with another
Moldova has defeated an €884 million treaty claim over an airport concession just as it is hit with a new Energy Charter Treaty claim by a gas distributor.
04 August 2022
Real estate investors take Serbia to ICSID
Claimants apparently linked to a Canadian family of private equity investors have brought a treaty claim against Serbia over a real estate project – bringing the number of pending ICSID proceedings involving the Balkan state to seven.
01 June 2022
Bankers fail to revive billion dollar claim against Cyprus
The Lebanese former owners of a bank shut down by authorities in Cyprus after being linked to money laundering and financing terrorism have failed to revive a US$1.4 billion investment treaty claim against the state.
24 March 2022
First GAR Connect Mediterranean has broad geographical reach
The first GAR Connect Eastern Mediterranean saw speakers discuss dispute-related trends arising from offshore natural gas fields in the Mediterranean itself, in countries bordering the sea like Cyprus, Israel, Egypt, Libya and Turkey, and as far East as the Gulf and Russia.
10 March 2022
LCIA award surfaces in Russian bank fraud case
Sons of a prominent Russian businessman took part in a “dishonest scheme” with a bank executive to replace US$500 million worth of secured loans with “unmarketable” bonds, according to a now-public LCIA award.
22 February 2022
Deceased banker’s ICSID claim halted
An ICSID claim brought by a Belarusian banker against Cyprus over measures taken during its financial crisis has been discontinued in the wake of his death last year.
05 November 2021