True Blue maintains a “cautiously optimistic outlook” that an amicable settlement can be reached with Grenada this year

In a media statement dated 23 January 2023, True Blue Development Limited (True Blue) said that the company “remain[s] open to the...

Baker & Hostetler LLP, Volterra Fietta, Ministry of Finance of Grenada, Prime Minister’s Office of Grenada, Ministry of National Security, Youth Development & Home Affairs of Grenada, Ministry of Foreign Affairs, International Business and CARICOM Affairs of Grenada, Ministry of Foreign Affairs of Grenada, Ministry of Legal Affairs of Grenada

Nigeria’s “Hail Mary” trial to overturn USD 6.6 billion arbitration award begins in London

The Federal Republic of Nigeria’s high-stakes trial to overturn the USD 6.6 billion arbitration award Process & Industrial Developments...

FILED UNDER:

• The High Court of England and Wales (Commercial Court)

US District Court Denies Red Tree’s Motion to Intervene in Sale Procedure of Venezuelan PDVH Shares

On 11 January 2023, the United States District Court for the District of Delaware denied Red Tree Investments (“Red Tree”) LLC’s...

FILED UNDER:

• United Stated District Court for the District of Delaware

Swedish Court refuses to set aside attachment of Kazakhstan’s property in execution of €500 million arbitration award

16 January 2023, STOCKHOLM. The Svea Court of Appeal has rejected the Republic of Kazakhstan and its National Bank’s appeal against the Swedish...

Mannheimer Swartling Advokatbyrå AB

FILED UNDER:

• Svea Hovrätt (Svea Court of Appeal), Sweden

ICC Tribunal’s injunction against Patel Engineering creates more problems than it solves

On 25 November 2022, the ICC Tribunal majority in Republic of Mozambique v. Patel Engineering issued a controversial injunction against Patel...

FILED UNDER:

• ICC