Industry: Real estate

Japanese imaging and electronics group Ricoh says it has been ordered to pay at least US$129 million to a Chinese real estate developer in a proceeding at the Shenzhen Court of International Arbitration. 

29 November 2024

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

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

A Dutch real estate developer pursuing an ICSID claim against Romania says it is now facing a separate €96 million case that the state has filed at the LCIA.

17 July 2024

A Chinese investor seeking to enforce a US$70 million investment treaty award against Nigeria has been granted final charging orders over two UK residential properties owned by the state – having also attached a £20 million debt relating to the high-profile P&ID case.

21 June 2024

South Korea says it has defeated a US$192 million ICSID claim brought by a Chinese investor over the alleged expropriation of his shares in a real estate company, after the tribunal found those investments were part of an illegal scheme.

03 June 2024

The Permanent Court of Arbitration is administering a claim by a Saudi real estate investor against Qatar under the Organisation of Islamic Cooperation investment agreement, it has emerged. 

16 May 2024

A Hong Kong court has ruled that a pair of HKIAC awards favouring a Chinese property developer in a US$147 million dispute should be remitted to arbitrator Neil Kaplan KC as they arguably conflict with Hong Kong public policy following a recent change to the law on illegality.

10 January 2024

A Trafigura subsidiary has moved closer to seizing Ghanaian state properties in London to satisfy a US$140 million award after a court ruled the state didn’t need to be served with interim charging orders through diplomatic channels.

12 October 2023

A Hong Kong court has granted a request by embattled Chinese property developer Evergrande to restrain an HKIAC arbitration worth US$110 million brought by one of its creditors, finding it would interfere with winding-up proceedings.

26 September 2023