Organisation: Vale

Onyema on the cost of corruption

In this year's Roebuck Lecture, Emilia Onyema discussed the "cost of corruption" for local communities and how to provide them with access to arbitration and national courts, with a focus on the infamous case P&ID v Nigeria, which was of particular concern to her as a Nigerian. 

04 October 2024

“Judging Iran”: Brower's memoir and defence of international arbitration

Charles N Brower's gripping new memoir tells of his time on the Iran-US Claims Tribunal and experience of "the intoxicating puzzle box that is international arbitration", as well as mounting an eloquent defence of this form of dispute settlement at a time when it is increasingly under threat. 

20 April 2023

Steinmetz group tries to revive claim against Guinea

A mining group founded by Israeli businessman Beny Steinmetz that saw its US$5 billion ICSID claim against Guinea thrown out because of “overwhelming evidence” of corruption has applied to annul the award.

25 August 2022

Guinea declares win in Steinmetz ICSID case

An ICSID tribunal has rejected mining company BSG Resources’ US$5 billion claim against Guinea over rights to the world’s largest iron ore deposit, the West African state has announced.

20 May 2022

Steinmetz lawyers say Vale award may be reopened after fraud trial collapses 

Beny Steinmetz’s eponymous mining company may seek to overturn a US$2 billion LCIA award in favour of Brazil’s Vale following the collapse of a related fraud litigation this week, the Israeli businessman’s lawyers have said.

17 February 2022

Dos Santos company enters bankruptcy after Dutch award

A Dutch energy company owned by embattled Angolan billionaire Isabel dos Santos has been placed into bankruptcy by a court in the Netherlands, in the wake of an arbitral tribunal’s finding that it acquired assets worth €650 million through “grand corruption”.

23 September 2021

Mishcon arbitration co-head to join Taylor Wessing

Mishcon de Reya arbitration co-head Karel Daele is leaving the firm after almost a decade to join Taylor Wessing in London.

14 September 2021

Sierra Leoneans seek discovery from Steinmetz group

Sierra Leonean citizens pursuing an environmental class action against subsidiaries of Beny Steinmetz’s BSG Resources have asked a US court for discovery from the Guernsey mining company and its bankruptcy administrators.

25 August 2021

“Grand corruption”: Dutch panel rules against dos Santos

A Dutch-seated tribunal has ordered an entity owned by billionaire Isabel dos Santos to return shares worth over €650 million to Angola’s national oil and gas company, ruling they were acquired illegally.

27 July 2021

Brazilian miner’s claim against Steinmetz entities can proceed

The Court of Appeal in London has ruled that an LCIA award does not preclude Brazil’s Vale from bringing a US$500 million claim against entities beneficially owned by Israeli billionaire Beny Steinmetz to claw back some of the proceeds of a rescinded mining deal in Guinea.

16 July 2021

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