Organisation: Deutsche Bank

ICC sees untapped potential for banking and finance disputes

Financial institutions are not exploiting the potential benefits of commercial and investment arbitration to the full extent possible, with Islamic finance a “completely untapped area”, says an ICC report unveiled in Rome tonight.

08 November 2016

Arbitrator fights bribery suit in New York

An Italian arbitrator has instructed counsel to defend him in a US lawsuit where he is accused of taking a bribe to determine the outcome of a €3 billion dispute between former insurance partners.

08 September 2016

New ICSID claims against Indonesia and Sri Lanka

Indonesia is facing an ICSID claim over a palm oil refinery which appears to have also given rise to arbitration in Jakarta, while a new claim has been filed by a hotel developer against Sri Lanka.

11 August 2016

Evidence of Yukos lawyer completes “puzzle”, says Russia

Russia has asked a US court to admit what it alleges is critically important “new” evidence from a former Yukos in-house lawyer proving the illegal acquisition of the oil company by Russian oligarchs in the mid-1990s through fraud, embezzlement, collusive bid-rigging and the bribery of government officials.

11 August 2016

Arbitrator bribery suit continues despite settlement

A US insurer has settled an acrimonious dispute with a former business partner whom it accused of bribery – but has yet to withdraw litigation against the Italian arbitrator alleged to have been bribed.

20 July 2016