An Indonesia ICSID arbitration has been found to be inadmissible on the basis of fraud. By an award on 6 December 2016, the Arbitral Tribunal of the International Center for Settlement of Investment Disputes (ICSID) rejected Churchill Mining and Planet Mining Pty Ltd’s claim for compensation (USD 1.95 billion) against the Republic of Indonesia under […]
Mumbai Centre for International Arbitration (MCIA)
The Mumbai Centre for International Arbitration (MCIA) was established in India as a joint initiative between the Government of Maharashtra and the domestic and international business and legal communities, in order to transform Mumbai into a major international financial centre. It hopes to bring most Indian cases back from the Singapore International Arbitration Centre (SIAC), […]
Third-Party Funding In Asia
Recently, a client asked whether third-party funding was legal in Asia. Jana Karam helpfully compiled the following information, which shows that third-party funding is permissible in the vast majority of jurisdictions, but not in China or Singapore, where it is clearly not allowed. Below is a review of the current status of third-party funding in […]
The Growth of International Arbitration in Asia
Hong Kong and Singapore have long been fierce rivals for the title of Asia’s leading financial centre, and they are now also battling to become Asia’s dominant seat for international commercial arbitrations, the leading form of international dispute resolution. This rivalry is personified by their competing arbitral institutions, the Hong Kong International Arbitration Centre (HKIAC), […]
Recent ICSID Cases Discussed in the Investment Arbitration Reporter
February 28, 2013 (Vol. 6, No. 5) 1. First hearing in Philip Morris v. Australia arbitration is pushed into 2014, as New Zealand reveals it is awaiting outcome of Australian cases 2. Effort fails in bid to disqualify former Argentine official Gabriel Bottini in Saint-Gobain v. Venezuela arbitration 3. Sri Lanka breached BIT due to […]