Kyrgyzstan quashes CIS treaty award in Russia

A Russian court has set aside the first of three arbitral awards rendered against Kyrgyzstan under a regional treaty between members of the Commonwealth of Independent States.

The hotel Aurora near Lake Issyk-Kull, site of OKKV’s investment

Article source: http://globalarbitrationreview.com/news/article/33203/

CIETAC launches new rules for mainland China and Hong Kong

The China International Economic and Trade Arbitration Commission has unveiled new rules for arbitrating in mainland China and Hong Kong, two years after its last rules revision prompted its Shanghai and Shenzhen branches to break away.

Article source: http://globalarbitrationreview.com/news/article/33200/

Rajoo and Comair-Obeid in line as CIArb presidents

The Chartered Institute of Arbitrators has elected the director of the Kuala Lumpur Regional Arbitration Centre, Sundra Rajoo, and Lebanese-French arbitrator Nayla Comair-Obeid, as its presidents for 2016 and 2017.

Sundra Rajoo and Nayla Comair-Obeid

Article source: http://globalarbitrationreview.com/news/article/33202/

Hungary voucher claim heads to the merits

In contrast with the state’s fortunes in other recent ICSID cases, a tribunal hearing a voucher company’s treaty claim against Hungary has refused to summarily dismiss non-expropriation claims or consider jurisdictional questions separately from the merits.

Budapest, Hungary

Article source: http://globalarbitrationreview.com/news/article/33194/

Venezuela held liable in island airport claim

An ICSID tribunal has ordered Venezuela to pay around US$34 million to investors in a Caribbean island airport after holding the state liable for expropriation and denial of justice.

Puerto Cruz beach, Margarita (Credit: Enano275)

Article source: http://globalarbitrationreview.com/news/article/33195/

ICSID annulment committees: the elephant in the room

As ICSID prepares to mark its 50th anniversary next year, investment arbitration specialist Hamid Gharavi of Derains Gharavi in Paris says it is time to talk about serious shortcomings in the centre’s rules on annulment proceedings – a rare act of public criticism by a frequent user of the centre.

Article source: http://globalarbitrationreview.com/news/article/33193/

The Miculas are back

Twin brothers Ioan and Viorel Micula – who won a US$250 million ICSID award against Romania in 2012 – have filed a fresh claim over its failure to police the alcohol black market, while the state also faces new claims under the Energy Charter Treaty.

The Miculas

Article source: http://globalarbitrationreview.com/news/article/33192/

DIFC Court of Appeal upholds expanded jurisdiction

The Court of Appeal of the Dubai International Financial Centre has confirmed that an award arising from a hotel management dispute with no connection to the financial freezone can be enforced there.

The Meydan Hotel, Dubai

Article source: http://globalarbitrationreview.com/news/article/33191/

Co-arbitrators give verdict on Griffith’s funding comments

GAR has obtained a copy of the decision declining to disqualify Australian arbitrator Gavan Griffith QC from an ICSID case against St Lucia over views he expressed that claimants backed by third-party funders should be liable for security for costs in investor-state cases.

Gavan Griffith SC was appointed to the tribunal by St Lucia

Article source: http://globalarbitrationreview.com/news/article/33182/

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