The European Commission told member states on Thursday to terminate redundant and outdated bilateral investment treaties with other countries in the bloc to “protect the public interest” and comply with EU law.
A Florida federal judge on Wednesday confirmed an arbitral decision requiring a Venezuelan state-owned mining company to post nearly $63 million in security during an ongoing iron ore-related contracts dispute with a British Virgin Islands company, finding no reason to vacate or alter the award.
A pair of international commercial courts were launched last month in China to allay concerns over whether international disputes arising out of the country's ambitious Belt and Road economic development initiative would be fairly adjudicated, but experts say they're leery of putting their trust in these courts just yet.
The steady ballooning of World Trade Organization complaints stemming from the Trump administration's steel and aluminum tariffs have some experts questioning whether Geneva is properly equipped to handle the escalating tensions brought about by the White House's trade enforcement campaign.
In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Zakiyyah Salim-Williams, chief diversity officer at Gibson Dunn & Crutcher LLP.
A new independent arbitration center in Mauritius will start operations in late July after the London Court of International Arbitration and the government of the African nation jointly decided to end their agreement that had created the country’s LCIA-MIAC Arbitration Centre.
The Cayman Islands branch of Brazilian investment bank Banco BTG Pactual SA said in documents filed with the High Court that it is entitled to demand payment of $65.4 million in debts from a mining group locked in a legal battle with the government of the African country Burkina Faso.
The Second Circuit on Tuesday backed an $8.5 million arbitration award won by a Turkish hotel investor alleging the Kyrgyz Republic colluded with a company to forcefully take over the investor’s luxury hotel in Kyrgyzstan’s capital.
A prominent Russian businesswoman who is imprisoned in Kuwait after being sentenced to 10 years of hard labor for allegedly embezzling public funds has filed a $100 million arbitration claim accusing the Persian Gulf nation of orchestrating a politically motivated campaign against her, her lawyers said Monday.
A retired Florida judge with expertise in construction law has resumed her membership on the national roster of arbitrators and mediators for the American Arbitration Association's International Centre for Dispute Resolution, the organization said Monday.
A London judge has shut down Ukraine's bid to overturn an order allowing the Russian energy company PAO Tatneft to enforce a $112 million arbitral award against it, rejecting the Eastern European country's arguments that it was immune from suit as a foreign sovereign nation.
European Union and Japanese officials on Tuesday signed a bilateral trade deal that will drop tariffs and facilitate commerce between the two economic powerhouses, voicing a strong commitment for trade liberalization as barriers persist around the globe.
The Hong Kong International Arbitration Centre has released a second draft of proposed new administered arbitration rules aimed at streamlining proceedings at the arbitration hub.
An ex-King & Spalding LLP associate who says he was fired for reporting ethical red flags about partners in a case involving ZTE Corp. is refusing to pay his legal bills, his lawyer told a New York federal court on Friday.
Venezuela’s defense ministry urged a D.C. federal court to toss Huntington Ingalls Inc.’s action seeking to confirm a nearly $129 million award relating to a contract to refurbish two warships, asserting that the court lacks jurisdiction over the matter and that the award is unenforceable.
The Hong Kong International Arbitration Center has entered into a cooperation agreement with the Mongolian International and National Arbitration Center, increasing connections between the organizations as Mongolia sees a growth in investment from China’s Belt and Road Initiative, a statement from the center said.
The Trump administration on Monday filed five World Trade Organization complaints against some of its most significant trading partners, alleging that those governments have violated international rules by retaliating against the White House’s national security tariffs on steel and aluminum.
Canadian miner Gabriel Resources Ltd. has filed a more detailed $4.4 billion international arbitration claim against Romania, alleging the country blocked its Rosia Montană gold and silver project in a bid to shake the company down for more money.
Romania urged a D.C. federal judge not to confirm a $250 million arbitral award issued against the country to two Swedish food industry investors, saying it satisfied the amount in controversy years ago by relieving the food companies of their Romanian debts and paying the firms through a government-approved treasury account.
A Stockholm arbitral tribunal has rejected a Ukrainian natural gas producer’s claims that its joint activity agreement with a Swedish oil and gas company was invalid due to corruption, but held that the pact must be terminated anyway because it is no longer worthwhile after the Ukrainian government imposed increased royalties.
Foreign companies affected by the America First tariffs should consider the extent to which such tariffs may violate their rights under applicable investment treaties or free trade agreements, and thus may provide them with recourse in international arbitration for the harm they have suffered, say Javier Rubinstein and Lauren Friedman of Kirkland & Ellis LLP.
The impact of millennials has already been felt within the legal community by our eagerness to embrace new technologies. One way that we will have potentially even more impact lies in our willingness to embrace new ways of developing business and financing law, says Michael Perich of Burford Capital LLC.
The FBI raid of the office of President Donald Trump’s personal lawyer set off a firestorm of controversy about the sanctity of the attorney-client privilege, epitomized by Trump's tweet that the "privilege is dead." But attorney-client privilege is never taken lightly — I have battle scars from the times I have sought crime-fraud exceptions, says Genie Harrison of the Genie Harrison Law Firm.
In this series, experts discuss the unique aspects of closing a law firm, and some common symptoms of dysfunctionality in a firm that can be repaired before it's too late.
I am often asked, “When there are one or more partner departures, what can a firm do to prevent this from escalating to a catastrophic level?” The short answer is “nothing.” Law firms need to adopt culture-strengthening lifestyles to prevent defections from occurring in the first place, says Larry Richard of LawyerBrain LLC.
International arbitration bodies provide little guidance on the use of co-testifying experts in dispute resolution. However, there are practical examples of co-testifying in international case law from which to learn, say members of StoneTurn Group LLP.
Given the competing public policies of protecting clients’ right to counsel of their choice, lawyer mobility, and the fiduciary duty partners owe to a dissolved firm, it behooves law firms to carefully review their partnership agreements to make sure they adequately spell out what happens in the unfortunate event that the law firm chooses to wind down, say Leslie Corwin and Rachel Sims of Blank Rome LLP.
There has been, of late, significant dispute as to the application of the unfinished business doctrine, particularly with respect to hourly rate matters of now-dissolved large law firms. And the California Supreme Court’s recent decision in Heller Ehrman, like others as to similar points, is highly questionable, says Thomas Rutledge of Stoll Keenon Ogden PLLC.
Although the lack of racial and gender diversity among the ranks of the majority of both midsized and top law firms is a major issue, it’s past time to shed light on the real problem — inclusion, or lack thereof, says Marlen Whitley of Reed Smith LLP.
Despite the Trump administration's desire to shut down the Legal Services Corp., thankfully the budget that Congress passed and the president signed into law last week has restored $410 million of funding to the legal aid organization. An unlikely brief for preserving LSC may be found in the quirky Denzel Washington film "Roman J. Israel, Esq.," says Kevin Curnin, immediate past president of the Association of Pro Bono Counsel.