Curtis Chair Rails Against 'Exaggerated' Arbitration Claims

By Caroline Simson (November 19, 2020, 4:44 PM EST) -- Investment arbitration has devolved into a system where even "grossly exaggerated" claims that "at times seem to be manufactured out of thin air" can still result in awards for investors worth billions of dollars, Curtis Mallet-Prevost Colt & Mosle LLP chairman George Kahale argued in a recent speech.

Kahale, who has represented nations like Venezuela, Nigeria and India in cases involving multibillion-dollar damages claims and at times multibillion-dollar awards, railed against an apparent predilection of claimants to assert "absurdly high" damages claims that are nevertheless taken seriously by tribunals.

"Don't assume for a moment that this strategy can never work, particularly...

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