Topic: Fraud

An ICDR tribunal has awarded US$354 million to US private equity investors in a “deeply troubling” dispute with the majority shareholders of a Guatemala-based telecoms company, who were found to be responsible for a campaign of intimidation against the claimants and arbitrators. 

27 March 2025

A Syrian-French national who was convicted for his role in Malaysia’s 1MDB scandal has lost a US$750 million ICSID claim against Kuwait over court actions targeting his publishing business, despite the tribunal finding due process violations in some of the legal proceedings against him. 

18 March 2025

One of Brazil’s largest retail chains says it is pursuing claims against four former executives after entering insolvency following its disclosure of a billion-dollar accounting fraud. 

14 March 2025

Three partners at Ukrainian firm Eterna Law have been acquitted of fraud charges in Switzerland after a former arbitration client withdrew a criminal complaint that they had forged a legal services agreement.

05 March 2025

Danish pharmaceutical group Novo Nordisk is preparing to launch an ICC arbitration worth US$830 million against a Singapore biosciences company for alleged fraud, after acquiring a hypertension drug that failed in clinical trials. 

19 February 2025

A prominent Bangladeshi businessman has threatened to bring an ICSID claim against Bangladesh after the new governor of its central bank accused him of helping to siphon off US$10 billion from the country’s banking sector. 

20 November 2024

A subsidiary of Russia’s central bank is trying to enforce a US$565 million LCIA award against companies linked to the family of a Russian property tycoon – while a related fraud litigation in the UK has been adjourned.

06 November 2024

Russian oligarch Oleg Deripaska has won a London court order requiring Quinn Emanuel Urquhart & Sullivan to disclose the identity of a consulting firm that supplied it with an allegedly forged report intended for use in arbitration-related proceedings. 

14 October 2024

A US court has allowed a British Virgin Islands entity to amend its challenge to a US$102 million JAMS award over a fleet of gas carriers to introduce allegations that key documents were fraudulently concealed during the arbitration.

11 September 2024

British lawyer Matthew Parish has lost an English libel suit against the host of Wikipedia over an article reporting the fact that he was criminally convicted in Switzerland because of his role in a fraudulent arbitration.

10 September 2024