Aix-en-Provence Court of Appeal, 11 January 2018, Laboratoires Servier v. Pharma Ival, IVPP, no. 13/23855

Two entities settled a debt awarded by a state court decision on the basis of two contracts. The settlement agreement contained an arbitration clause. The party invokes a conciliation clause contained in the contracts. The Court of Appeal evoked that when an arbitration clause does not mention the obligation to conciliate, the Parties cannot argue [...]

ICSID, 22 December 2017, UAB E Energija v. Latvia, no. ARB/12/33

On 22 December 2017, an ICSID tribunal issued a final award on merits and costs in favour of a Lithuanian investor against Latvia. The dispute arose from an annulled lease agreement concluded between E-energija and Latvia during the process of privatisation of a heating and hot water supply system and their further nationalisation without compensation. [...]

2018-02-18T20:53:00+00:00 December 22nd, 2017|ICSID, International awards|0 Comments