Clyde and Co preps arbitration claims against Switzerland for Credit Suisse bondholders LEGAL Now, one year on, Clyde and Co is set to get in on the action. It has laid out plans to hold the Swiss state "accountable for breaching its international investment agreements" after it wrote the bonds down to zero.
London-listed Berkeley Energia launches near £1bn arbitration proceedings against Spain LAW Listed-Berkeley Energia's Spanish entity has filed a request for arbitration proceedings against the Kingdom of Spain over alleged violation of provisions of the Energy Charter Treaty
Credit Suisse-UBS merger: Withers preps Hong Kong arbitration claim against Switzerland LEGAL Law firm Withers is prepping an international arbitration against the Swiss government for its role in the merger of Credit Suisse and UBS
Lawyers welcome plans to boost arbitration laws to secure London’s status as leading disputes hub September 22, 2022 Lawyers have welcomed the Law Commission’s plans to amend the Arbitration Act 1996 with a view to strengthening the UK’s position as a “leading destination” for commercial disputes. The Law Commission’s plans aim to boost the cost savings, efficiency, and confidentiality benefits arbitration has over litigation, by strengthening the powers of arbitration tribunals and streamlining [...]
Australia tribunal pushes Chevron, LNG unions to resolve wage fight September 21, 2023 Australia's industrial arbitrator on Thursday pushed Chevron and unions to resolve a long-running dispute over pay and conditions.
Beny Steinmetz’ BSGR bribed dictator’s wife to secure rights to run Guinean iron ore mine, US arbitration ruling says May 23, 2022 Beny Steinmetz’ mining company, BSGR, paid millions in bribes to the wife of Guinea’s former dictator to secure the rights to operate an iron mine in the West African country, a US arbitration ruling has said. The diamond magnate’s firm used “corrupt practices” to obtain licenses to mine Guinea’s Simandou iron ore deposit, the International [...]
Ukraine’s Naftogaz says Russia told to pay $5bn for seizing Crimea assets April 13, 2023 Naftogaz revealed Moscow had been ordered by an arbitration court in The Hague to pay $5bn compensation for unlawfully expropriating assets.
Cairn Energy sues Air India over $1.2bn arbitration award May 15, 2021 Cairn Energy has sued India’s flagship carrier Air India to enforce a $1.2bn (£850m) arbitration award that it won in a tax dispute against India, according to a US court filing. The move ratchets up pressure on India’s government to pay the sum of $1.2bn plus interest and costs that the FTSE 250 listed firm [...]
Newcastle takeover bid kicked into the long grass as arbitration adjourns hearing into Saudi Arabia-backed £300m offer July 20, 2021 The prospects of a £300m Saudi takeover of Newcastle United appear to be receding after a legal bid to overcome Premier League objections was delayed. An arbitration hearing was adjourned until next year “due to issues with the disclosure of evidence”, the club and league said in a joint statement. It means that Magpies fans [...]
Spain’s immunity challenge is back in an English court June 17, 2024 The Kingdom of Spain is at the Court of Appeal as it seeks sovereign immunity over a long-running battle over violation to a provision of the Energy Charter Treaty