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International Arbitration

Indian Investment Arbitration Regime Changes

11/10/2016 by Aceris Law LLC

India Investment Arbitration Regime

Since the beginning of 2012, India has enacted significant changes with respect to the Indian investment arbitration regime. A new model Bilateral Investment Treaty (“BIT”) was approved in 2015 and will be used to renegotiate all future BIT’s signed by India. In 2016, India also terminated its existing BIT’s with 57 countries, showing India’s intent to withdraw from the Investor-State […]

Filed Under: Bilateral Investment Treaty, India Arbitration, International Arbitration, Investment Arbitration, UNCITRAL Arbitration

Croatia ICSID Arbitration Over Conversion Law

02/10/2016 by Aceris Law LLC

Croatia ICSID arbitration

A new Croatia ICSID arbitration was registered on 16 September by UniCredit Bank Austria, a Vienna branch of Italian banking group UniCredit and its subsidiary Zagrebacka Banka. This is the first case against Croatia over controversial legislation intended to protected borrowers by converting loans and mortgages in Swiss francs to Euros. In September 2015, Croatia passed […]

Filed Under: Austria Arbitration, Croatia Arbitration, ICSID Arbitration, International Arbitration

New English Court Decision Regarding Third-Party Funding Cost Recovery in Arbitration

02/10/2016 by Aceris Law LLC

In 2008, Norscot Rig Management Pvt Limited (“Norscot”), the Claimant, successfully brought a claim in arbitration before the ICC in London, against Essar Oilfield Services Limited (“Essar”), the Respondent. The Arbitrator (Sir Philip Otton) held that the Respondent had breached an operation management agreement relating to an offshore drilling platform and thus was liable to pay over […]

Filed Under: International Arbitration, London Arbitration, Third-Party Funding, United Kingdom Arbitration

Mumbai Centre for International Arbitration (MCIA)

02/10/2016 by Aceris Law LLC

Mumbai Centre for International Arbitration (MCIA)

The Mumbai Centre for International Arbitration (MCIA) was established in India as a joint initiative between the Government of Maharashtra and the domestic and international business and legal communities, in order to transform Mumbai into a major international financial centre. It hopes to bring most Indian cases back from the Singapore International Arbitration Centre (SIAC), […]

Filed Under: Arbitration, India Arbitration, International Arbitration, Singapore Arbitration

International Investment Arbitration

02/10/2016 by Aceris Law LLC

Investment Arbitration

Investment arbitration is a procedure to resolve disputes between foreign investors and host States (also called Investor-State Dispute Settlement or ISDS). The possibility for a foreign investor to sue a host State is considered as a guarantee for the foreign investor that, in the case of a dispute, it will have access to independent and qualified arbitrators who will solve the […]

Filed Under: Energy Charter Treaty Arbitration, International Arbitration, Investment Arbitration

Duzgit Integrity Arbitration

30/09/2016 by Aceris Law LLC

duzgit integrity arbitration

On 5 September 2016 an award was issued by a PCA tribunal in a dispute between Malta and São Tomé and Príncipe, also known as the “Duzgit Integrity Arbitration”. The PCA issued a Press Release on 12 September 2016, available at https://pca-cpa.org/wp-content/uploads/sites/175/2016/09/Press-release-dated-12-September-2016.pdf The proceedings were instituted by Malta on 22 October 2013 under Chapter VII of […]

Filed Under: International Arbitration, International Arbitration Institutions, PCA Arbitration

Rectification of Awards under the ICSID Convention

30/09/2016 by Aceris Law LLC

Rectification of ICSID Awards

The rectification of an award under Article 49(2) of the ICSID Convention is a remedy for inadvertent omissions and minor technical errors in an award. It enables the arbitral tribunal to correct mistakes that may have occurred in the award’s drafting in a non-bureaucratic and expeditious manner. Such corrections are provided for in Article 49(2) of the ICSID Convention: […]

Filed Under: ICSID Arbitration, International Arbitration, Investment Arbitration

New Russian Arbitration Law

13/09/2016 by Aceris Law LLC

new russian arbitration law

A new Russian arbitration law has entered into force. On 29 December 2015, Russia signed the Law on Domestic Arbitration in the Russian Federation (“DCA Law”) with the Law on amendments coming into effect on 1 September 2016. It replaces the Law of the Russian Federation No. 5338-1 on International Commercial Arbitration of 7 July 1993, […]

Filed Under: Ad Hoc Arbitration, Commercial Arbitration, International Arbitration, Russia Arbitration

Croatia v Slovenia PCA Arbitration

13/09/2016 by Aceris Law LLC

The highly-politicized and controversial Croatia v Slovenia Maritime delimitations arbitration, a PCA arbitration concerning the countries’ sea and land frontier dispute, will continue after all, ruled the PCA tribunal in a partial award on 30 June 2016. The proceedings were interrupted in July 2015 when Croatia raised concerns about the impartiality and independence of the Slovenian arbitrator, Jernej […]

Filed Under: Croatia Arbitration, International Arbitration, PCA Arbitration, Slovenia Arbitration

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