Region: Europe
Romania seeks annulment of oil refinery award
Romania is seeking to annul an Energy Charter Treaty award that reportedly granted US$85 million to a Russian-owned petrochemical investor over the seizure of a refinery.
27 March 2025
Alstom liable to consortium partners over Turkish rail project
Switzerland’s highest court has rejected two challenges to an ICC award that requires French transport infrastructure group Alstom to pay over €63 million to its Japanese and Turkish partners for terminating a project to upgrade a commuter rail line in Istanbul.
26 March 2025
Russian TV station enforces against Firtash group
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
Foley Hoag hires from Sidley Austin
Iain Sandford, who recently represented multiple states in landmark cases over climate change, has left Sidley Austin to join the partnership at Foley Hoag in Paris.
25 March 2025
A celebration of the new English act
An event in London hosted by the UK Ministry of Justice, the LCIA and the IDRC celebrated the passage into law of the new English arbitration act, described as “a labour of love” on the part of some present, and considered how it interacts with the latest version of the LCIA rules.
25 March 2025
European Commission finds Spain solar award is illegal state aid
The European Commission has declared that an ICSID award ordering Spain to pay €101 million plus interest to investors for changes to renewable energy subsidies constitutes illegal state aid.
24 March 2025
Insolvent UK company files ECT claim against Kazakhstan
UPDATED: An insolvent UK oil and gas company has brought a long-threatened Energy Charter Treaty claim against Kazakhstan, seeking at least US$112 million over an alleged corporate raid on its local assets.
24 March 2025
RWE reports win against Gazprom
German energy company RWE says it prevailed in its ICC arbitration with Gazprom’s export arm over gas supplies halted following Russia’s invasion of Ukraine.
20 March 2025
Iron ore miner threatens treaty claim against Ukraine
A Swiss-headquartered iron ore mining and trading company has threatened to bring an investment treaty claim against Ukraine in response to the targeting of its assets by anticorruption authorities prosecuting a “fugitive oligarch”.
19 March 2025
Quinn Emanuel construction head leaves for London boutique
James Bremen is leaving his role as chair of Quinn Emanuel’s construction and engineering practice to join London litigation boutique Joseph Hage Aaronson, bringing two partners with him.
19 March 2025