Spain’s immunity challenge is back in an English court LAW The Kingdom of Spain is at the Court of Appeal as it seeks sovereign immunity over a long-running battle over violation to a provision of the Energy Charter Treaty
London-listed Berkeley Energia launches near £1bn arbitration proceedings against Spain LAW Listed-Berkeley Energia's Spanish entity has filed a request for arbitration proceedings against the Kingdom of Spain over alleged violation of provisions of the Energy Charter Treaty
UK exits ‘outdated’ international energy treaty after talks break down Energy Energy Secretary Claire Coutinho said staying within the treaty could "jeopardise" the UK's clean energy sector
Arctic miner GreenX to pocket £740m in damages from Polish government November 29, 2022 Arctic miner GreenX Metals is set to pocket £737m in damages from the Polish government, following a hearing in London over the past two weeks. The London-listed company, which mines for metals critical for the green transition, had sued Poland for profits lost in relation to two projects, Jan Karski and Debiensko, based in the [...]
Italian government told to pay oil and gas firm Rockhopper Exploration £160m August 25, 2022 The Italian government has been ordered to pay €190m (£160m) to British oil and gas company Rockhopper Exploration over its decision to block the firm from drilling in the Adriatic Sea. An arbitration hearing ruled in favour of Rockhopper in stating Italy’s 2015 decision to block the Wiltshire fossil fuel company from drilling off its [...]
Queen’s Birthday Honours: the full 2021 list June 12, 2021 Below the full list of names for this year ORDER OF THE BRITISH EMPIRE Knights Grand Cross of the Order of the British Empire (GBE) The Rt. Hon. Frederick Richard Penn Curzon, The Earl Howe. For political and parliamentary service. (Amersham, Buckinghamshire) ORDER OF THE BATH Knights Commander of the Order of the Bath (KCB) [...]
Dutch court reinstates $50bn Yukos award against Russia February 18, 2020 A Dutch appeals court today reinstated a $50bn (£38bn) award to shareholders in the now defunct oil giant Yukos. Yukos went bust in 2006 after its former chief executive Mikhail Khodorkovsky fell out with Russian President Vladimir Putin. The Russian government began demanding billions in back taxes from Yukos and the company was ultimately expropriated [...]
City Moves for 26 January 2016 | Who’s switching jobs January 26, 2016 Ashurst Global law firm Ashurst has strengthened its international arbitration team with the appointment of Matthew Saunders as a partner in the dispute resolution practice, based in London. Matthew joins from DLA Piper, where he was global head of its international arbitration group and was one of the partners responsible for founding the practice. He [...]
Mikhail Fridman and LetterOne fund attack UK government attempt to block North Sea oil and gas fields deal March 2, 2015 Russian oligarch Mikhail Fridman has issued a stinging attack on the government over its attempts to block a deal which would see his fund LetterOne take ownership of North Sea oil and gas fields. A letter to the UK government called the decision “not rational” and criticised its last minute decision just days before the [...]
JKX seeking $180m compensation from Ukraine over treaty violations February 16, 2015 Exploration firm JKX Oil & Gas is seeking $180m (£116m) in compensation from Ukraine, claiming the country has violated international treaties. The business, which is in talks over a possible buyout, said this morning that it had started arbitration proceedings against Ukraine under the Energy Charter Treaty between the UK and Ukraine and a [...]