Industry: Insurance
Spanish healthcare group takes Colombia to ICSID
A Spanish-owned healthcare group has launched an ICSID claim against Colombia reportedly worth US$1.2 billion over the alleged expropriation of an insurance business.
22 January 2025
AIG gets disclosure in combat earplugs dispute with 3M
A Florida court has ruled that data relating to 3M’s US$6 billion settlement of litigation over faulty combat earplugs can be shared in a London arbitration between the US multinational and its insurer AIG.
16 January 2025
London silks hear 3M’s fight with insurer over earplugs settlement
US multinational 3M is pursuing an arbitration in London against AIG, accusing the insurer of wrongfully refusing to indemnify it for part of a US$6 billion settlement to end product liability litigation over its combat earplugs.
28 November 2024
Singapore appeal court upholds DIAC interim relief
The Singapore Court of Appeal has upheld the enforcement of interim measures issued by a DIAC tribunal under an arbitration clause specifying the now-defunct DIFC-LCIA, finding that the respondent had submitted to the tribunal’s jurisdiction for the purposes of the interim relief application.
23 October 2024
DIFC Courts address abolition of DIFC-LCIA
In the first case before the DIFC Courts to consider the abolition of the DIFC-LCIA Arbitration Centre, a judge has continued an injunction restraining litigation filed in Sharjah in breach of an agreement to arbitrate at the defunct institution. Lawyers at Stephenson Harwood in Dubai, who acted for the successful claimant, report.
08 October 2024
Curaçao court enforces against Venezuelan state entity
A Curaçao court has allowed Belgium’s export credit agency to enforce a US$25 million ICC award against a subsidiary of Venezuelan state-owned oil company PDVSA.
03 September 2024
Bulgarian insurer relies on sunset clause for intra-EU claim
A Bulgarian insurance investor has made good on its threat to file a €500 million ICSID claim against Romania – a case that will test whether sunset clauses in terminated intra-EU investment treaties are still effective.
22 May 2024
Insurer chases ex-Nissan chairman over defence costs
A Japanese insurer that won an award against former Nissan chairman Carlos Ghosn after he fled criminal charges in Tokyo has been granted leave to attach his assets in Delaware.
08 November 2023
Bulgarian insurance investor threatens claim against Romania
A Bulgarian holding group and its insurance arm have instructed counsel as they threaten to file a €500 million investment treaty claim against Romania after their local subsidiary had its licence revoked.
26 October 2023
Bankrupt Dutch insurer takes award to North Carolina
The trustees of a bankrupt Dutch insurer have asked a federal court in North Carolina to enforce a Netherlands Arbitration Institute award ordering its US-based former owner to pay €150 million.
19 October 2023