Organisation: Forbes

Dutch lender threatens Ukraine over bank takeover

A Dutch lender has threatened to bring a treaty claim against Ukraine over the nationalisation of one of the country’s biggest banks – as an ICSID claim brought by the bank’s sanctioned Russian former owners gets underway. 

03 October 2024

Egypt defeats bulk of multibillion real estate claim

Egypt says an ICSID tribunal has ordered it to pay only a small fraction of the US$8 billion sought by a group of Kuwaiti claimants over a cancelled project to build a new city south of Cairo.

24 September 2024

US gymnast appeals CAS ruling in Olympic medal row

US gymnast Jordan Chiles is seeking to overturn a controversial Court of Arbitration for Sport award that effectively stripped her of her Olympic bronze medal, alleging that CAS should have reopened the case to review new video footage and that tribunal chair Hamid Gharavi was conflicted.

20 September 2024

Russian businessmen settle racketeering suit over LCIA award

Two Russian businessmen have settled a dispute over a US$92 million LCIA award that led to a landmark US Supreme Court decision affirming that a federal anti-racketeering law can be used to enforce foreign arbitral awards. 

19 June 2024

Could social media regulation result in treaty claims?

As the US legislature considers a ban on TikTok, a GAR Live panel during California International Arbitration Week debated whether government regulation of social media platforms could lead to investment treaty claims. 

17 May 2024

Peru ordered to pay airport investor as Uruguay and Colombia face claims

UPDATED WITH AWARD: An ICSID tribunal has ordered Peru to pay US$91 million over a cancelled airport concession, as Uruguay is hit with a new claim by a port investor and Colombia is threatened by a healthcare company.

10 May 2024

Chinese investors drop sanctions bid against US law firm

A group of cinema investors have withdrawn a request for court sanctions against a law firm they accused of helping a billionaire client to destroy evidence and evade enforcement of a US$450 million CIETAC award.

26 July 2023

Award creditors accuse law firm of enabling evidence tampering

A group of cinema investors have asked a US court to sanction a Chinese billionaire and his counsel – accusing the law firm of enabling their client to destroy evidence and evade enforcement of a US$450 million CIETAC award.

29 June 2023

Crypto platform faces claim over “wallet-draining” scam

Nearly 100 individual investors are bringing an arbitration against US cryptocurrency exchange Coinbase, alleging a security flaw allowed scammers to drain more than US$21 million in assets from their accounts.

21 October 2022

Chinese cinema award enforced in US

A US court has enforced a US$450 million CIETAC award against a Chinese billionaire over investments in a cinema company, rejecting arguments that the tribunal was biased and failed to properly address his allegations of fraud.

04 October 2022

Unlock unlimited access to all Global Arbitration Review content