Region: Luxembourg

Uruguay has reportedly agreed to pay an affiliate of New York private equity firm Tenor Capital to settle an award over the collapse of the state’s flag carrier airline.

31 January 2025

An affiliate of New York private equity firm Tenor Capital says it has attached Uruguay’s assets in Luxembourg as it seeks to execute a US$61.1 million ICSID award it won over the collapse of the state’s flag carrier airline.

19 November 2024

Javier García Olmedo, a Spanish-qualified lawyer and academic with experience of investment treaty cases, has joined Luxembourg firm Bonn Steichen & Partners as senior counsel.

21 October 2024

An ICSID committee has reportedly refused Spain’s request to annul a €28 million Energy Charter Treaty award won by a German solar investor – as the state seeks to overturn another award issued under the treaty over its renewable energy regime.

01 October 2024

Luxembourg says it has instructed A&O Shearman to represent it in a US$16 billion investment treaty claim brought by sanctioned Russian-Israeli businessman Mikhail Fridman over the state’s decision to freeze his assets. 

05 September 2024

Russian-Israeli businessman Mikhail Fridman has made good on his threat to file an investment treaty claim worth at least US$16 billion against Luxembourg over the state’s decision to freeze his assets after he was placed on the EU sanctions list. 

13 August 2024

Antoine Laniez has left his role as head of the Luxembourg litigation and arbitration practice at NautaDutilh to join CMS, bringing a team with him.

06 June 2024

A Luxembourg company part-owned by sanctioned Russian oligarch Mikhail Fridman says it is considering legal action against Cyprus, alleging it has lost more than US$7 billion worth of assets as a result of regulators’ failure to approve the divestment of its holdings in Russia’s banking sector.

29 May 2024

Russian-Israeli businessman Mikhail Fridman has threatened Luxembourg with an investment treaty claim over the country’s decision to freeze US$15.8 billion of his assets after he was placed on the EU’s sanctions list. 

21 May 2024

The Svea Court of Appeal has set aside a European renewables investor’s Energy Charter Treaty award against Spain for being incompatible with EU law – a week after the state failed to have another such award annulled at ICSID.

11 April 2024