Many Russian depositors are facing losses of up to 40 percent in Cyprus, and are currently considering their legal options. Should one of these options be initiating an investment treaty arbitration against Cyprus for expropriation on the basis of the 1997 Russian Federation-Cyprus bilateral investment treaty, which is included here: IAA-Bilateral-Investment-Treaty-Between-Russia-and-Cyprus. Such a claim could most […]
The Impact of the 2012 International Chamber of Commerce (ICC) Rules on Multiparty and Multicontract Disputes
The maximum number of parties involved in an ICC arbitration is at least 141, which is the number of parties to an ICC arbitration initiated by 44 member firms of Arthur Andersen’s Business Unit against 97 members firms of Andersen’s Consultant Business Unit. There, the sole arbitrator ruled that he had jurisdiction over all 141 […]