Industry: Leisure & recreation

Two gaming companies whose billion-dollar investment treaty claims against Laos were dismissed because of evidence of bribery and fraud have lost a final appeal against the outcome in Singapore, after a related SIAC award was also upheld.

25 November 2022

An ICC tribunal chaired by Foley Hoag partner Christina Hioureas has held the owner of a hotel on Manhattan’s Lower East Side liable for converting the property into a homeless shelter during the pandemic without the consent of its manager.

09 November 2022

A US court has enforced a US$450 million CIETAC award against a Chinese billionaire over investments in a cinema company, rejecting arguments that the tribunal was biased and failed to properly address his allegations of fraud.

04 October 2022

An ICC tribunal has reportedly rejected a €65 million claim against Kosovo brought by an economist and former politician who claimed his investments in a network of petrol stations were expropriated.

11 August 2022

A Polish foundation has sought to enforce an ICC award over a failed plan to bring retired American basketball player Shaquille O’Neal to Warsaw to participate in events celebrating the 100th anniversary of Poland’s independence.

14 July 2022

A Singapore court has upheld a SIAC award favouring Laos in a long-running casino dispute, ruling the tribunal was within its rights to bar two gaming companies from raising claims argued in a prior arbitration.

06 June 2022

Argentina has challenged a US$36 million ICSID award in favour of an Austrian casino group that had its gaming licence revoked because of money laundering concerns, arguing the tribunal improperly acted as an appellate body.

11 March 2022

A divided ICSID tribunal has ordered Argentina to pay US$22 million to an Austrian casino group over the revocation of a gaming licence, with a dissenting arbitrator saying the measure was a legitimate response to the investor’s failure to observe rules aimed at preventing money laundering.

08 November 2021

Saudi Arabia is lifting its ban on Qatari state-backed broadcaster beIN Sport, paving the way for the potential settlement of a billion-dollar investment treaty dispute and a UK arbitration over the purchase of an English football club.

07 October 2021

The Singapore International Commercial Court has upheld two BIT awards favouring Laos in a billion-dollar dispute with two gaming companies, ruling that arbitrators have a “public duty” to review evidence of corruption presented to them. 

10 September 2021