An international tribunal declared an end to all proceedings in a multi-billion dollar suit the US private equity firm Lone Star filed against South Korea’s government 10 years ago.
Le CIRDI a repris la procédure arbitrale qu’il avait suspendue pour donner une chance à la Tunisie et la société ABCI de trouver une solution à l’amiable au litige qui les oppose depuis quarante ans au sujet de la BFT.
La Tunisie a omis de régler son dernier paiement au tribunal arbitral de la Banque mondiale, devant lequel elle risque d’être condamnée à verser plusieurs centaines de millions de dollars de dédommagement à ABCI.
Russia’s top lender Sberbank initiated investment arbitration proceedings against Ukraine after its parliament approved a presidential decree allowing for the forced seizure of Sberbank-owned assets in the country.
The company, which is now known as Capricorn Energy PLC, in a statement said it has received "net proceeds of $1.06 billion", of which nearly 70 per cent will be returned to the shareholders.
As part of the settlement reached with the Indian government over the levy of back taxes, the company has withdrawn all cases that were brought to collect the tax refund ordered by an international arbitration tribunal.
Britain’s Cairn Energy has dropped all lawsuits against the Indian government and its entities in courts from the US to France and to Singapore, to now be entitled for about Rs 7,900 crore refund of taxes.
A committee attached to the Washington International Court (ICSID) definitively rejected the €1.8 bln claims of Romanian-Swedish investors Ioan and Viorel Micula.