Work Area: Telecoms
Paris court bars assignees from enforcement bid against India
The Paris Court of Appeal has barred three US entities that were assigned the rights to a US$111 million investment treaty award from intervening in French enforcement proceedings – accepting India’s arguments that they were third parties to the arbitration.
19 September 2024
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
Canadian court says Indian airports authority has immunity
The Superior Court in Quebec has ruled that India’s airports authority enjoys state immunity – a blow to a group of telecoms investors who had been targeting its assets as they try to enforce an investment treaty award.
12 September 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
Hedge fund's award against Korea published
An award requiring South Korea to pay US$32 million to US hedge fund Mason Capital for interfering in an US$8 billion Samsung merger is now public.
21 May 2024
Private equity group revives US$15 billion claim against Telecom Italia
A Paris court has overturned an ICC award that dismissed a private equity group’s US$15 billion claim against Telecom Italia, after it found there were reasonable doubts over the independence of tribunal chair Carole Malinvaud.
08 May 2024
Hong Kong funder confirms awards against conservator
A US court has confirmed two HKIAC awards in favour of a Hong Kong-based litigation funder against its former client and his conservator, finding defences to enforcement were time-barred.
06 May 2024
South Korea again found liable over Samsung merger
US hedge fund Mason Capital has won damages in an UNCITRAL claim over South Korea's intervention in a US$8 billion Samsung merger – the second case in which the state has been held liable over the merger.
12 April 2024
“Enough is enough!”: Indian satellite award enforced in US
A US court has enforced a US$140 million investment treaty award won by Deutsche Telekom against India over a cancelled satellite deal, rejecting the state’s immunity arguments and refusing to allow briefing of further merits defences.
02 April 2024
LCIA to hear feud over cricket broadcast rights
UPDATED WITH COUNSEL. A Disney subsidiary has filed LCIA proceedings against India’s largest listed media company after a US$1.4 billion deal for the broadcast of cricket matches collapsed.
15 March 2024