Region: United States of America
Mexican utility to settle gas dispute with Goldman Sachs
Mexico’s state electric utility has reportedly agreed to pay US$300 million to a Goldman Sachs entity to settle an LCIA dispute over a debt triggered by a spike in gas prices after a freak storm.
08 January 2025
Dentons hires in New York
Peter Bekker has left CMS in the UK, where he was counsel and head of the investment arbitration task force, to join the partnership at Dentons in New York.
07 January 2025
Ali leaves Dechert for solo practice
Arif Hyder Ali, who headed Dechert’s international arbitration team, has left the firm after nearly a decade to set up his own practice.
06 January 2025
GBS Disputes hires in New York
Peter Griffin, a former partner at Shearman & Sterling and Baker Botts and founder of a consultancy for monetising claims against states, is to join the partnership at Gaillard Banifatemi Shelbaya Disputes in New York.
06 January 2025
US fund confirms size of payout from Peru in land bond case
US private equity firm Gramercy has confirmed it has reached an US$85 million settlement with Peru to satisfy an ICSID award relating to bonds issued half a century ago in compensation for land expropriations.
16 December 2024
Argentine airline award enforced in US
A US court has enforced an ICSID award worth US$391 million against Argentina over the nationalisation of two airlines.
12 December 2024
US court stays action against Kurdistan after revival of ICSID claim
A US court has paused a bid by a subsidiary of Kuwait’s Agility to enforce a US$490 million judgment against the Kurdistan regional government of Iraq, after the group refiled a related ICSID claim.
09 December 2024
Port operator drops US action against Djibouti
An affiliate of DP World has dropped its effort to enforce LCIA awards worth US$485 million against Djibouti in the US – months after an appeals court said the east African state was entitled to question Quinn Emanuel Urquhart & Sullivan’s authority to represent the company.
05 December 2024
Panama looks to settle ICSID cases
Panama has agreed to satisfy a US$26.7 million ICSID award obtained by a US company over a cancelled mining concession, while settlement negotiations continue with another investor in a dispute over a construction project.
05 December 2024
Spain denied rehearing in US battle over ECT awards
A US appeals court has refused Spain’s request for a rehearing of its challenge to the enforcement of Energy Charter Treaty awards worth a combined €360 million plus interest in favour of renewable energy investors.
04 December 2024