Industry: Telecommunications

Another billion-dollar win for Agility against Iraqi mobile operator

Kuwaiti logistics group Agility says it has won an ICC award worth over US$1.17 billion in another arbitration against Iraqi mobile operator Korek Telecom.

16 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

Mobile operator calls Chile to ICSID

A private equity-managed mobile operator has reportedly made good on its threat to file an ICSID claim against Chile over a delayed project to roll out a 5G network. 

12 July 2024

Telefónica settles ICC claim against Brazilian state agency 

A subsidiary of Spain’s Telefónica says it has agreed to settle an ICC claim worth billions of dollars that it brought against Brazil’s telecoms regulator over a concession for landline services – as other operators pursue similar claims. 

29 May 2024

India fails to block assignees from French enforcement battle

Three US entities that were assigned the rights to a US$111 million investment treaty award against India over a cancelled satellite deal have been allowed to intervene in French enforcement proceedings – as an appeal over a related award heads to the US Supreme Court.

21 February 2024

Kuwaiti group revives telecoms claim against Iraq

Kuwaiti logistics group Agility has said it will refile an ICSID claim against Iraq over a telecoms investment marred by alleged corruption after its bid to annul an award in the state’s favour was partially upheld.

12 February 2024

India loses Singapore appeal over satellite award

Singapore’s Court of Appeal has upheld the enforcement of a US$140 million investment treaty award against India over a cancelled satellite deal, finding the state was precluded from relitigating issues that have already been determined by the courts at the seat of the arbitration.

15 December 2023

Mobile operator warns of ICSID claim against Chile

A private equity-managed mobile operator is reportedly preparing to bring an investment treaty claim against Chile concerning a dispute over a delayed project to roll out a 5G network. 

24 November 2023

Hong Kong funder's fight with conservator resumes in Florida

A Hong Kong-based litigation funder has resumed its bid to confirm a pair of HKIAC awards in Florida against a client and his conservator after an appeals court remanded the case.

02 November 2023

Australian court rejects India’s sovereign immunity defence

The Federal Court of Australia has ruled that India cannot rely on state immunity as a defence to enforcement of a US$111 million investment treaty award arising from a cancelled satellite deal.

24 October 2023

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