Region: Lebanon
Lebanese financial institutions held liable over investment advice
A split tribunal in Beirut has ordered two local financial institutions to pay damages to a Jordanian national after his investment in speculative Lebanese sovereign bonds collapsed when the state defaulted on payments and entered its 2019 financial crisis.
13 January 2025
Airline investor fails to revive ICSID claim against Lebanon
A German businessman has lost his bid to revive an ICSID claim against Lebanon over the revocation of his private jet company’s aviation licences.
10 December 2024
Lebanon and Colombia face ICSID annulment bids
A Greek contractor has applied to annul an ICSID award that dismissed its €417 million claim against Lebanon, while US investors seek to revive a US$256 million claim against Colombia that fell foul of an “essential security” defence.
15 November 2024
Lebanon defeats Greek contractor’s ICSID claim
An ICSID tribunal has dismissed a Greek company’s €417 million claim against Lebanon, finding that it abandoned a project to construct an electricity plant because of its own financial problems rather than any actions by the state.
24 June 2024
UAE investor prepares claim against Lebanon over frozen funds
An Emirati conglomerate has threatened to bring a treaty claim against Lebanon over the alleged freezing of its funds by the state’s embattled central bank.
10 January 2024
Squire Patton Boggs opens in Lebanon
Squire Patton Boggs has opened an office in Beirut, led by international arbitration partner and co-chair of the firm’s Middle East practice Gassan Baloul.
09 October 2023
Lebanese businessman fights to revive claim against Marriott
An ICC panel is hearing a Lebanese businessman’s bid to revive a US$120 million claim against US-based Marriott International over a Beirut hotel that has spawned multiple arbitrations over the past two decades.
26 May 2023
Panel hears claim against Iraq under OIC agreement
A Lebanese power plant investor’s claim against Iraq under the Organisation of Islamic Cooperation investment agreement is underway at the Permanent Court of Arbitration, as a parallel contract-based claim worth US$108 million plays out at ICSID.
09 May 2023