Work Area: Enforcement and set-aside
Korean creditor seeks to restrain award recognition in Pakistan
The Court of Appeal in London is being urged to restrain “pre-emptive” recognition proceedings in Pakistan brought by an LCIA award debtor that is seeking to have parts of the award declared unenforceable.
17 March 2025
Dual national fails to revive pharma claim against Venezuela
A Swiss court has upheld an UNCITRAL tribunal’s decision to dismiss a US$200 million investment treaty claim against Venezuela because the claimant’s dominant and effective nationality was Venezuelan rather than Spanish.
12 March 2025
Property developer fails to reopen Czech real estate claim
An ICSID annulment committee has upheld an award that threw out a US$235 million damages claim against the Czech Republic over a residential development even though the state was found liable.
11 March 2025
Iraq declares end of billion-dollar cement dispute
A German investor’s bid to revive a billion-dollar claim against Iraq over a cement plant has come to an end, after annulment proceedings were discontinued for non-payment of the required advances.
11 March 2025
Paris court lifts attachment of Iraqi state assets
A Paris court has blocked a Dutch supplier of night vision goggles from executing a two-decade-old pair of ICC awards against Iraqi state assets that were previously frozen because of EU sanctions.
07 March 2025
Mining company launches multibillion claim against Venezuela
Toronto-listed mining company Gold Reserve has filed a new investment treaty claim worth more than US$7 billion against Venezuela – while continuing efforts to collect on a billion-dollar award it won against the state in an earlier arbitration.
06 March 2025
ICSID creditors target Italian building in Zurich
A Swiss court has reportedly ordered the seizure of a historic building in Zurich owned by the Italian state, at the request of German and Austrian investment funds seeking to collect on an Energy Charter Treaty award now worth over €28 million.
05 March 2025
Mining company seeks to enforce against Colombia in royalty dispute
An Australian-owned mining company has asked a US court to enforce an ICSID award requiring Colombia to reimburse it for overpaid royalties.
05 March 2025
Dutch court enforces against Iraqi state entity
The Amsterdam Court of Appeal has enforced an ICC award worth US$85 million plus interest against an Iraqi state entity over a salvage contract while setting off amounts it was granted in a separate award.
04 March 2025
Kazakhstan wins challenge to second award in uranium dispute
A London court has found that an investment treaty award requiring Kazakhstan to pay over US$55 million to a Canadian mining company was marred by serious irregularity because it failed to deal with “the centrepiece” of the state’s defence on damages.
03 March 2025