Region: Kuwait
Kuwait defeats claim linked to 1MDB scandal
A Syrian-French national who was convicted for his role in Malaysia’s 1MDB scandal has lost a US$750 million ICSID claim against Kuwait over court actions targeting his publishing business, despite the tribunal finding due process violations in some of the legal proceedings against him.
18 March 2025
Kuwaiti investors seek to revive Egyptian mega-claim
A group of Kuwaiti investors and Egypt have both applied to partially annul an ICSID award that dismissed the bulk of a multibillion-dollar investment treaty claim over a cancelled project to build a city south of Cairo.
06 February 2025
Egypt defeats bulk of multibillion real estate claim
Egypt says an ICSID tribunal has ordered it to pay only a small fraction of the US$8 billion sought by a group of Kuwaiti claimants over a cancelled project to build a new city south of Cairo.
24 September 2024
DIFC court upholds billion-dollar award in Iraqi bribery dispute
DECISION NOW PUBLIC: A court in the Dubai International Financial Centre has upheld an ICC award worth US$1.6 billion that found a prominent Iraqi businessman had conspired to bribe public officials – dismissing arguments that the tribunal relied on unlawfully procured evidence.
30 August 2024
Russian claimant taking shelter in embassy can appear remotely in set-aside action
A Russian businesswoman who took refuge in an embassy after being convicted of money laundering in Kuwait has been granted permission to participate remotely in Paris set-aside proceedings, where she seeks to revive a US$150 million investment treaty claim against the Gulf state.
25 April 2024
“There was never an arbitration at all”: UK court blocks fabricated Kuwaiti award
The Commercial Court in London has overturned the enforcement of a £70 million award purportedly rendered at a Kuwaiti arbitral institution, finding it was a “fabrication” and that the arbitration had never happened.
29 February 2024
Egyptian tourism investor revives ICSID claim against Kuwait
An ICSID committee has taken the unprecedented step of annulling an award rendered under the centre’s expedited dismissal procedure, allowing an Egyptian tourism investor to revive its US$320 million claim against Kuwait.
25 January 2024
Four convictions upheld in Geneva over fake arbitration
A Geneva appeal court has upheld guilty verdicts against British lawyer Matthew Parish and three other men over their involvement in a fake arbitration while reducing their sentences and acquitting one of his former associates.
22 January 2024
DIFC court won’t restrain enforcement against Kurdistan
A court in Dubai’s financial freezone has refused to grant an injunction to prevent enforcement of a US$490 million judgment against Iraqi Kurdistan pending an ICC arbitration.
19 July 2023
Orange and Agility apply to confirm Iraqi telecoms award
A joint venture between Kuwait’s Agility and France’s Orange has asked a US court to enforce a US$1.6 billion ICC award against an Iraqi businessman over its investment in a mobile operator.
06 July 2023