Organisation: UniCredit

A Luxembourg company part-owned by sanctioned Russian nationals has applied to disqualify US academic Sean Murphy from hearing its billion-dollar ICSID claim against Ukraine over a bank nationalisation. 

11 April 2024

Oliver Browne, who recently helped UniCredit get an anti-suit injunction against a Gazprom venture, has left Latham & Watkins to join the partnership at Paul Hastings in London.

06 March 2024

DECISION NOW PUBLISHED: The Court of Appeal of England and Wales has issued a final anti-suit injunction to enforce a Paris-seated ICC arbitration agreement – restraining a Gazprom subsidiary from pursuing a €448 million lawsuit against a German bank in the Russian courts.

30 January 2024

A Luxembourg company linked to Russian-Israeli billionaire Mikhail Fridman has made good on its threat to file an investment treaty claim against Ukraine – seeking over US$1 billion for the “illegal expropriation” of one of the country’s biggest banks.

04 January 2024

A Russian court has stayed two lawsuits worth over €680 million that a Gazprom subsidiary is pursuing against Deutsche Bank and Unicredit until a UK appeal court has ruled on an anti-suit injunction request to enforce Paris-seated ICC arbitration.

12 December 2023

An ICSID tribunal has rejected an Austrian bank’s claim against Montenegro over measures adopted in response to “francogeddon” – the fallout from the Swiss central bank’s decision to scrap exchange rate controls nearly seven years ago.

25 November 2021

General Electric has reached an agreement worth €261 million to settle an ICC claim brought by a Slovenian state-owned energy company over the construction of a lignite power plant that was plagued by corruption allegations.

16 March 2021

Croatia has settled investment treaty disputes with six banks over legislation passed in response to "francogeddon", the fallout from the Swiss central bank's decision to scrap exchange rate controls.

04 February 2021

A Hungarian bank has brought a US$35 million ICSID claim against Croatia – the latest in a string of cases the state has faced over legislation to convert loans held in Swiss franc into euros.

19 October 2020

An ICSID tribunal hearing an Austrian bank’s claim against Croatia has by majority rejected the state’s argument that the underlying bilateral investment treaty is incompatible with the EU legal order – in line with decisions in two other cases brought under the same intra-EU BIT.   

14 October 2020