A judge in New York has ruled a US$2 billion lawsuit filed by a US energy company against Trinidad and Tobago’s state-owned petroleum company should go to arbitration at the London Court of International Arbitration.
King & Wood, a Chinese firm that acted in one of the most complex Sino-Western arbitrations to date, has hired the co-chair of the Pillsbury Winthrop Shaw Pittman international arbitration practice in China.
A new law that comes into effect next year should make it easier for foreigners to arbitrate in Vietnam but critics say there are significant weaknesses in the new legislation - not least the absence of immunity from prosecution for arbitrators.
Russia’s largest oil producer, Lukoil, has received US$438 million from Sino-Kazakh oil company PetroKazakhstan in settlement of a dispute over share acquisition rights arbitrated at the Stockholm Chamber of Commerce.
Sweden's state-run power company, Vattenfall, is to withdraw an Energy Charter Treaty claim at ICSID, after reaching an agreement with Germany in a dispute over the construction of a coal-fired power plant.
What impact do international legal standards to prevent corruption have on international investment arbitration? asked speakers at a session at last week’s ILA conference in The Hague.
Tullow Oil and Heritage Oil have closed a deal in Uganda, but the prospect of arbitrating a related tax issue, in London, looks to have receded in the wake of ministerial comments.
A court in Washington, DC, has rejected the first-ever discovery request under US federal law in support of ICSID proceedings - saying it was an attempt to circumvent the tribunal's control over the discovery process.
Canada's First Quantum Minerals says it will consider legal action against third parties to protect copper mining rights in the Democratic Republic of the Congo that are currently the subject of an ICC arbitration.
A Salvadorean court has refused to enforce recent government reforms that allow parties to appeal domestic arbitral awards. Paradoxically though, it is the government that has most cause to celebrate.