Industry: Hospitality & leisure

An ICC tribunal has reportedly rejected a €65 million claim against Kosovo brought by an economist and former politician who claimed his investments in a network of petrol stations were expropriated.

11 August 2022

A Polish foundation has sought to enforce an ICC award over a failed plan to bring retired American basketball player Shaquille O’Neal to Warsaw to participate in events celebrating the 100th anniversary of Poland’s independence.

14 July 2022

A Singapore court has upheld a SIAC award favouring Laos in a long-running casino dispute, ruling the tribunal was within its rights to bar two gaming companies from raising claims argued in a prior arbitration.

06 June 2022

Argentina has challenged a US$36 million ICSID award in favour of an Austrian casino group that had its gaming licence revoked because of money laundering concerns, arguing the tribunal improperly acted as an appellate body.

11 March 2022

A divided ICSID tribunal has ordered Argentina to pay US$22 million to an Austrian casino group over the revocation of a gaming licence, with a dissenting arbitrator saying the measure was a legitimate response to the investor’s failure to observe rules aimed at preventing money laundering.

08 November 2021

Saudi Arabia is lifting its ban on Qatari state-backed broadcaster beIN Sport, paving the way for the potential settlement of a billion-dollar investment treaty dispute and a UK arbitration over the purchase of an English football club.

07 October 2021

The Singapore International Commercial Court has upheld two BIT awards favouring Laos in a billion-dollar dispute with two gaming companies, ruling that arbitrators have a “public duty” to review evidence of corruption presented to them. 

10 September 2021

A consortium including German-Swiss hotel group Kempinski has lost its ICC claim against the South Korean city of Incheon over an abandoned US$290 billion plan to transform a fishing village into a rival of China’s Macau.

09 July 2021

A Kuwaiti construction company has persuaded Egypt’s Court of Cassation to reinstate a controversial US$1 billion award against Libya relating to a tourism resort that was never built.

29 June 2021

The developer of a five-star hotel resort on the Caribbean island of Grenada has filed an ICSID claim alleging that the state has tried to “squeeze the project’s finances into failure” by slashing its budget and amending the terms of a citizenship scheme for foreign investors.

18 June 2021