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ABH Holdings S.A. brings $1 billion claim against Ukraine
5-Jan-2024 ABH Holdings S.A.
ABHH seeks full compensation for the expropriation of Sense Bank by the Ukrainian authorities through enforced nationalisation.
When investors subvert states
1-Dec-2023 Project Syndicate
The ongoing lawsuit brought against Honduras by an American company underscores the unjust and undemocratic nature of the investor-state dispute settlement system.
The global minimum tax spurs need for faster investment agreement reforms
24-Nov-2023 UNCTAD
A UNCTAD report highlights the interplay between efforts to tackle tax avoidance and protect investment, calling for accelerated reforms to align investment agreements with new global tax rules.
US commerce secretary says closed three ’pillars’ of Indo-Pacific talks
15-Nov-2023 Yahoo
IPEF member countries have agreed on terms of the clean energy pillar and on the anti-corruption chapter.
S. Korea files for cancellation of int’l tribunal’s compensation order in Lone Star case
1-Sep-2023 Yonhap
The South Korean government filed an appeal seeking to cancel an international tribunal’s order to pay compensation to American private equity firm Lone Star Funds with the firm’s sell-off of the now-defunct Korea Exchange Bank.
International body rules in favour of Nepal government in Ncell taxation case
13-Jun-2023 The Kathmandu Post
The Axiata Group had filed a case at the International Centre for Settlement of Investment Disputes in May 2019, claiming damages worth around Rs66 billion.
Memorandum and analysis on the agriculture chapter of the STIP negotiations
8-Jun-2023 Econews Africa
Econews Africa, in a memorandum to the Kenya/United States Strategic Trade and Investment Partnership (STIP) has highlighted lack of transparency in the negotiation process and the devastating consequences of negotiating a chapter on Agriculture have been highlighted.
Credit Suisse’s Japan bondholders seek arbitration over AT1 wipeout
11-May-2023 Nikkei Asia
Japanese investors will soon file a request for arbitration regarding Credit Suisse’s Additional Tier 1 bonds, under the economic partnership agreement between Japan and Switzerland.
Int’l tribunal reduces damages S. Korea owes to Lone Star by 600 mln won: ministry
9-May-2023 Yonhap
An international tribunal has accepted the South Korean government’s request and reduced the damages it has to pay to the U.S. private equity firm Lone Star Funds by about US$450 million, the justice ministry said
Mexican firm seeks $380 million from Honduras over blocked unit
17-Apr-2023 Reuters
Mexican investment firm JLL Capital, whose Honduran operation has been blocked since 2018 in a local dispute, is seeking some $380 million from the Central American country in arbitration proceedings.
Eurasian Economic Union discusses launch of digital currencies in EAEU financial markets
11-Apr-2023 Silk Road Briefing
The EAEU has trade agreements with China, Iran, Serbia, and Vietnam. Numerous other countries, including India and Indonesia, are currently discussing EAEU FTA, meaning an EAEU digital currency agreement will impact on trade with each of these countries.
Decade-long ISDS lawsuit vs Lone Star costs S. Korean gov’t $40 mn
3-Oct-2022 Pulse
The South Korean government is found to have spent nearly $40 million in litigation expenses for its decade-long legal dispute against US private equity firm Lone Star Funds.
South Korea to appeal international tribunal’s order to pay Lone Star By Kim Arin
1-Sep-2022 Korea Herald
South Korea plans to seek annulment of an international tribunal’s verdict to compensate Lone Star Funds in a decade long investor-to-state dispute arbitration.
S. Korea ordered to pay Lone Star US$216.5 mln in investor-state suit
31-Aug-2022 Yonhap
An international tribunal ordered South Korea to pay the US private equity firm Lone Star Funds US$216.5 million, bringing an end to a decade long legal battle surrounding its sell-off of a local bank.
Tensions rise as Korea waits for verdict on Lone Star dispute
26-Aug-2022 Korea Herald
The Korean public has been in outrage over the matter for more than a decade, claiming that the case was an international “fraud” committed by an overseas private equity firm.
Financial services an exciting aspect of UK-India FTA, says Rishi Sunak
4-Jul-2022 The Hindu
The British Indian Minister welcomes the opening up of the Indian insurance market.
Britain launches free trade deal talks with Mexico
23-May-2022 Reuters
Britain is launching talks over a free trade deal with Mexico, looking to add services to its current agreement as well as aiming to increase trade in the financial and digital sectors.
Russia’s Sberbank to appeal against Ukraine’s move to seize its assets
13-May-2022 Reuters
Russia’s top lender Sberbank initiated investment arbitration proceedings against Ukraine after its parliament approved a presidential decree allowing for the forced seizure of Sberbank-owned assets in the country.
India pays back Cairn Rs 7,900 crore to settle over 7-year-old retro tax dispute
25-Feb-2022 The Times of India
The company, which is now known as Capricorn Energy PLC, in a statement said it has received "net proceeds of $1.06 billion", of which nearly 70 per cent will be returned to the shareholders.
Romania wins EUR 2 bln dispute at ICSID against Romanian-Swedish investors Micula
6-Jan-2022 Romania-Insider
A committee attached to the Washington International Court (ICSID) definitively rejected the €1.8 bln claims of Romanian-Swedish investors Ioan and Viorel Micula.