Organisation: HSBC

An affiliate of New York private equity firm Tenor Capital says it has attached Uruguay’s assets in Luxembourg as it seeks to execute a US$61.1 million ICSID award it won over the collapse of the state’s flag carrier airline.

19 November 2024

A Guatemalan telecoms group has threatened El Salvador with a US$130 million treaty claim over a plan to roll-out a 4G network – invoking a rarely-cited investment agreement between five Central American states.  

07 October 2024

A new department at the Korean Ministry of Justice overseen by law professor and experienced arbitrator Hong-Sik (Justin) Chung aims to strengthen the government's mandates on international legal affairs, including international arbitration. 

03 May 2024

An Italian contractor is pursuing a billion-dollar ICC claim against a company operated by Canada’s TC Energy over a project to build a natural gas pipeline that was delayed by covid-19 and protests from indigenous communities.

14 December 2023

The Central Bank of Iran is preparing to file a treaty claim against South Korea after local banks froze US$7 billion of assets due to sanctions – as a Texas private equity group seeks to revive a multibillion-dollar claim against the east Asian state through ICSID annulment proceedings.

01 August 2023

A Russian court has refused to suspend a billion-euro lawsuit in favour of HKIAC arbitration – finding there was reason to doubt the sanctioned defendant would be guaranteed a fair trial at the Hong Kong centre.

05 July 2023

Texas private equity group Lone Star has asked a court in Washington, DC to enforce its ICSID award against South Korea – after a panel rejected the bulk of its US$4.7 billion claim over a delayed bank sale.

03 July 2023

Nigeria is fighting to set aside an arbitral award requiring it to pay US$11 billion to an offshore company with arguments that the award and underlying contract were secured through “industrial scale” bribery of Nigerian government officials and lawyers representing the state in the arbitration. 

27 January 2023

Australian barrister Allan Myers KC, Canadian investment law specialist Todd Weiler and the UK’s Robert Anderson KC have received first-time appointments in the latest round of panels formed at ICSID.

24 November 2022

UPDATED WITH AWARD:  Texas private equity group Lone Star’s US$4.7 billion ICSID case against South Korea has ended after a decade with the state being ordered to pay less than 5% of the amount claimed.

31 August 2022