International Arbitration Newsletter - October 2019
In this month’s newsletter we look at Arbitration Award Default Insurance (AADI) and round up the main international arbitration news by geographic area. In institutional news the headline item is that the three main Spanish arbitral institutions have merged to form 'Centro Internacional de Arbitraje de Madrid' (CIAM).
Arbitration Award Default Insurance (AADI): Transforming enforcement risk
Alex Southby
The availability of AADI may provide a claimant or investor (including a third party funder of claims) with the necessary comfort to commence proceedings and realise value that would otherwise be left dormant because of uncertainty as to enforcement risk.
Regional Overview
- Colombia. Colombia faces treaty claim over dispute in .co domain
- Ecuador. Ecuador loses treaty claim in oil block dispute but wins environmental damage counterclaim
- Guatemala. Guatemala hit by treaty claim on hydro project
- Mexico. Mexico’s Accendo Bank faces anti-suit injunction from Deutsche Bank in support of an M&A arbitration
- Peru. Canadian mining company wins arbitration against Peruvian state-owned COFIDE
- European Union. Swiss Nord Stream 2 files ECT claim against European Union
- Germany. Germany faces ECT claim on solar reforms
- Italy. Italy faces attempt of enforcement of ICSID award by Dutch investor on SCC award
- Spain. Spain seeks to annul biggest ECT solar award
- Spain. German investors file new ECT claim against Spain
- Gabon. Spanish Eurofinsa wins only a limited part of claim against Gabon in road project dispute
- Kenia. Kenya loses dispute with Spanish Instalaciones Inabensa on electricity project
- Kuwait. US Court asked for asset chase in support to ICC arbitration against Kuwaiti groups
- Mauritius. UNCITRAL tribunal rejects treaty claim against Mauritius
- UAE. Abu Dhabi appeal court upholds DIAC awards on oil & gas dispute
- China. Chinese satellite dispute to be heard by HKIAC tribunal
- India. Indian airline Indigo´s shareholders dispute to be heard by LCIA panel
- Philipines. US Casino owner wins arbitration in Manila gaming resort dispute
- Philipines. PCA tribunal to hear Chevron´s treaty claim against the Philippines
- Maldives. Maldives faces treaty claim in island development project
News
INSTITUTIONAL NEWS
- Spain top three arbitral centres merge
TEAM NEWS
- Partner Joe Tirado (London) spoke on International Commercial and Investment Mediation at the 10th International Conference on Alternative Dispute Resolution – The Cooperation between Public Administration and Judiciary with the Business Sector, held in Zagreb on 24 October 2019
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