Organisation: KPMG
Cement plant investor threatens ICSID claim against Angola
A UAE contractor is threatening to bring an ICSID claim of more than US$100 million against Angola over a post-civil war project to create the country's first major cement plant that was completed over a decade ago.
05 November 2024
Argentine court stays highway concession arbitration
A court in Buenos Aires has restrained a Spanish-led consortium from pursuing a ICC claim against Argentina while the state seeks to annul the highway concession at the centre of the dispute – as the identity of the tribunals hearing the case and a related arbitration come to light.
25 September 2024
Belgian institution steps up green initiatives
The Belgian Centre for Arbitration and Mediation (CEPANI) has established a Greener Arbitration Pledge specific to cases at the institution, while publishing draft sustainability commitments for inclusion in arbitrators’ terms of reference and procedural orders.
18 September 2024
Willkie team join Latham’s Russian spin-off
Sergey Alekhin has left his role as counsel at Willkie Farr & Gallagher in Paris to join the partnership at Russian law firm ELWI, bringing two colleagues with him.
03 September 2024
Argentina fails to strike out bid to enforce airline award
A US court has rejected Argentina’s bid to dismiss an action to enforce a US$320 million ICSID award arising from the nationalisation of two airlines, which the state had argued was time-barred.
20 August 2024
McDermott completes write-off of billion-dollar award
Houston-based engineering multinational McDermott has completed a cross-border restructuring process that has cancelled a US$1.3 billion ICC award debt in exchange for an equity stake in the group.
27 March 2024
IBA committee releases updated conflict guidelines
The International Bar Association arbitration committee has proposed updates to its guidelines on conflicts of interest in international arbitration for the first time in a decade, expanding the definition of relationships between arbitrators and parties and providing new examples of when disclosure is required.
05 March 2024
Billion-dollar award debt written off in UK restructuring
A UK court has approved a restructuring plan for a subsidiary of Houston-based construction group McDermott that will effectively extinguish a US$1.3 billion ICC award debt owed to a Colombian state-owned entity.
28 February 2024
Snow crab investors seek to revive claim against Norway
Latvian investors are seeking to annul an ICSID award that dismissed their €450 million treaty claim against Norway over rights to fish for snow crab, alleging that the state lied to the tribunal and knowingly appointed counsel with conflicts.
28 February 2024
Russian investor threatens Spain with snow crab claim
A second investor in the same fishery business has threatened Spain with a €31.5 million investment treaty over the suspension of permits to fish for snow crabs in Arctic waters – this time a Russian citizen.
18 October 2023