International arbitration in Portugal is governed by the Voluntary Arbitration Act (Law No. 63/2011 of 14 December 2011), which entered into force on 14 March 2012 (the “Arbitration Act”). The Arbitration Act is largely based on the 2006 version of the 1985 UNCITRAL Model Law on International Commercial Arbitration (“UNCITRAL Model Law”), but it also includes […]
Can Russian Investors Initiate Arbitration Against Cyprus to Recover their Losses?
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 […]