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.
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.
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.
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.
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.
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