On 27 July 2026, an arbitral tribunal (the “Tribunal”) in proceedings before the International Centre for Settlement of Investment Disputes (“ICSID”) issued its award (the “Award”) in the dispute between Legacy Vulcan, LLC (“Legacy Vulcan”) and the United Mexican States (“Mexico”). The Tribunal found that Mexico had denied fair and equitable treatment (“FET”) under Article […]
DIFC Court of Appeal Sets Aside DIAC Award for Procedural Unfairness in Oheo Bank v Parker [2025] DIFC CA 006
On 24 April 2026, the DIFC Court of Appeal delivered what is understood to be the DIFC Courts’ first decision setting aside a DIFC-seated arbitral award. In Oheo Bank v Parker [2025] DIFC CA 006, the Court partly set aside a DIAC award ordering Oheo Bank to pay EUR 1 million because the Bank had […]
Can Arbitrators Ask Artificial Intelligence for Its View on Legal Issues?
Artificial intelligence (“AI”) is increasingly being used in international arbitration for legal research, document review, translation, and drafting. However, its use becomes difficult to assess when an arbitrator turns to AI not merely to process information, but to obtain a view on a legal issue that the tribunal must decide. There is presently no generally […]
Security for Costs in Investment Arbitration
Security for costs has become an increasingly important procedural issue in investment arbitration. A respondent State may spend millions defending a treaty claim and, even after prevailing and obtaining a costs award, remain exposed to non-recovery where the claimant is insolvent or has few assets against which the award can be enforced. Security for costs […]
Behind the Curtain: A Step-by-Step Guide to LCIA Arbitration
Despite its name, the London Court of International Arbitration (“LCIA”) is not a judicial court and does not itself decide the parties’ dispute. It is an independent arbitral institution that administers proceedings under the LCIA Arbitration Rules. Through its Secretariat and LCIA Court, it performs important institutional functions, including administering the case, facilitating the constitution […]