For several years, I worked on a massive investment dispute involving expropriation of utility companies valued at hundreds of millions of dollars. I have never been involved in another case in which the authenticity of virtually every document of consequence was challenged and subjected to minute scrutiny by leading forensic experts, says George Ruttinger, co-chairman of Crowell & Moring’s international dispute resolution group.
A New York federal court Friday remanded Albaniabeg Ambient’s suit seeking to enforce an Albanian court judgment of about $480.8 million against Italian power company Enel over a severed power plant deal to state court, saying while the award was related to an arbitrated matter, the case wasn’t governed by federal law.
The owner a physical therapy clinic specializing in treating Parkinson’s disease urged a Florida federal court Friday to reduce an arbitral award granted to a Swiss medical device manufacturer he had partnered with.
A $250 million arbitral award issued to two Swedish food industry investors in their long-running dispute with Romania over revoked economic incentives has shined a spotlight on a conflict between investment treaties and European Union law that seems unlikely to be settled anytime soon.
Chadbourne & Parke LLP lawyers seeking to withdraw their D.C. Circuit appeal of a $770 million arbitral award-turned-judgment against the Republic of the Congo blasted a Congolese government contractor on Thursday for making “nonsensical” and “outrageous” allegations of bad faith in the contractor’s closing bid for attorneys’ fees.
One of the more obvious trends in international arbitration is the increase in the number of clients, especially small clients, who are inclined to include arbitration provisions in their cross-border contracts. There is simply more awareness of arbitration as an option for resolving international disputes, says Matt Richardson, co-chairman of Alston & Bird LLP’s international arbitration and dispute resolution practice.
The World Trade Organization on Friday faulted U.S. anti-dumping duties on washing machines from South Korea, dealing a severe blow to a controversial U.S. Department of Commerce procedure for calculating the remedial tariffs.
A Maltese shipping company got permission from a Delaware federal judge Wednesday to enforce a $4.4 million arbitration award after the would-be buyer of one of its ships bailed on a contract and failed to show up in court.
A New York federal judge on Thursday confirmed three arbitration awards for National Indemnity Co. in a dispute with a Brazilian reinsurer over a $168 million insurance settlement, one of which nixed NICO’s $41 million portion of the bill, finding a mediator overseeing the proceeding wasn’t biased.
UBS AG and other financial institutions seeking to arbitrate their claims in the nonpayment of $100 million in bonds by Egyptian business owners told a New York federal judge Thursday that the owners have no legal basis for objecting to the introduction of witness testimony in an upcoming trial.
A World Bank arbitration panel Wednesday dismissed a $567 million claim brought by a private Turkish company against Turkmenistan alleging major construction projects were stalled by government interference in breach of a bilateral investment treaty, saying the firm didn’t show government officials impermissibly intervened.
The Romanian government lashed out at two Swedish investors trying to score attorneys’ fees for successfully compelling discovery in their suit to collect a $250 million arbitration award, telling a New York district court Wednesday that the investors did not confer in good faith on their discovery bid.
Herbert Smith Freehills LLP has gained a preeminent international arbitration practitioner from Norton Rose Fulbright LLP who acts as both counsel and arbitrator and specializes in commercial and investment treaty arbitrations, according to a statement Thursday.
A group of limited partners who claim that a Marathon Oil Corp. subsidiary has cheated them out of millions in foreign tax credits in connection with a gas processing plant in Equatorial Guinea asked a Texas federal court on Wednesday to help facilitate the details of their upcoming arbitration.
Two companies suing the government of Laos over a $57 million arbitral award related to the termination of coal mining concessions can't begin executing a $20,000 sanctions award against the government, because they owe the government more than three times that amount, a New York federal judge ruled Tuesday.
About 40 environmental groups from across the United States asked Congress Wednesday to oppose the Trans-Pacific Partnership trade deal, saying it would give thousands of foreign corporations new tools to subvert public policy through private arbitral decisions.
The Indian government is waging a groundbreaking fight at the World Trade Organization with its challenge to U.S. visa fees for workers in the information technology sector, one that could give new heft to WTO rules governing trade in services.
UBS AG and other holders of Egyptian corporate debt who seek to drag the companies’ owners into arbitration asked a New York federal judge Thursday to toss the owners’ objections to evidence they may present at trial, which the owners say contains forgeries and unauthenticated government reports that amount to “hearsay within hearsay.”
A Pennsylvania automotive salvage company told a federal judge on Tuesday that a $200 million arbitration award issued to a South African refiner following their loan dispute should be vacated, saying the London Court of International Arbitration tribunal conducted the proceedings unfairly.
An American real estate developer blasted an Israeli investor’s attempts to modify or vacate a portion of an arbitration award granted in a contract dispute, telling a district court Tuesday that punitive damages awarded for the Georgia company’s defamation claim was fully briefed and argued.