Turkmenistan moves to annul ICSID award

Turkmenistan has applied to annul an ICSID award rendered last month in favour of a German national, arguing that the tribunal strayed beyond its mandate.

The Ertugrul Gazi Mosque in the Turkmen capital of Ashgabat

Article source: http://globalarbitrationreview.com/news/article/32930/

Should funded claimants have to pay security?

Australian arbitrator Gavan Griffith QC’s contention that third-party funded claimants should be expected to post security for costs in investment treaty cases has received a mixed reaction from funders, counsel and academics.

Griffith likened third-party funders to “mercantile adventurers”

Article source: http://globalarbitrationreview.com/news/article/32932/

EU sets out framework for handling cases

The European Union has published rules on the future handling of investor-state disputes arising from agreements it has negotiated, including who should defend its own and member state interests and how adverse awards and costs will be allocated.

The regulation is published in the EU’s official journal

Article source: http://globalarbitrationreview.com/news/article/32929/

Czech Republic declares end to blood plasma saga

The Czech Republic says an arbitral review process has brought an end to an 18-year dispute with blood plasma supplier Diag Human – but the parties have issued conflicting statements about the outcome.

Article source: http://globalarbitrationreview.com/news/article/32924/

Unbuilt Indian townships lead to ICC claim

One of the US’s largest construction groups is pursuing an ICC claim over the failure of a joint venture to build a series of townships in India.

Turner CEO Nicholas Billotti and Sahara chairman Subrata Roy announcing the joint venture in 2012

Article source: http://globalarbitrationreview.com/news/article/32923/

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