Industry: Hospitality & leisure

Grenada has reached an agreement with a group of US investors to settle a US$200 million ICSID case over a stalled project to develop a luxury hotel resort.

31 August 2023

A US court has refused to allow the owner of a demolished Moroccan luxury hotel to enforce its US$60 million ICC award against the debtor’s former parent company, finding the alleged breach of contract was not enough to pierce the corporate veil.

17 August 2023

Investors in an ecolodge project are pursuing an investment treaty claim against Tanzania, it has emerged – as a recent ICSID award against the state is published.

11 August 2023

A Cyprus-based company controlled by an online poker entrepreneur has filed an ICC claim against two Spanish real estate developers over a €600 million luxury complex in Madrid. 

07 July 2023

An ICC panel is hearing a Lebanese businessman’s bid to revive a US$120 million claim against US-based Marriott International over a Beirut hotel that has spawned multiple arbitrations over the past two decades.

26 May 2023

A real estate group is pursuing a US$147 million UNCITRAL claim against Panama over disputed land titles, it has emerged – as a foreign insurer reportedly launches a separate treaty case against the state.

22 May 2023

Spanish football club Real Madrid has lost a €550 million ICC claim against an Emirati sovereign wealth fund that it accused of abandoning a sponsorship agreement to help finance the redevelopment of its stadium.

15 May 2023

Two gaming companies whose billion-dollar investment treaty claims against Laos were dismissed because of evidence of bribery and fraud have lost a final appeal against the outcome in Singapore, after a related SIAC award was also upheld.

25 November 2022

An ICC tribunal chaired by Foley Hoag partner Christina Hioureas has held the owner of a hotel on Manhattan’s Lower East Side liable for converting the property into a homeless shelter during the pandemic without the consent of its manager.

09 November 2022

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