News 24 Jun. 2021
Curtis successfully defends foreign states' procedural privileges in the UK Supreme Court
News 23 Jun. 2021
Ibrahim Elsadig joins Curtis as Partner in Dubai
Client Alert 24 Feb. 2022
EU, UK, Japan and Australia Impose Sanctions on Russia
News 09 Aug. 2021
Curtis, Mallet-Prevost, Colt & Mosle enters into association with Chevalier Law in Singapore.
Publications 26 May. 2022
Marc Hammerson Co-Authors Chapter on Oil & Gas Decommissioning in "Oil and Gas Contracts: Principles and Practice"
Client Alert 23 May. 2022
U.S. President Biden Issues Seventh Tranche of Economic Sanctions
Event 24 May. 2022
Claudia Frutos-Peterson to Moderate Panel at Latin Lawyer and GAR Live: Arbitration Summit 2022
Event 26 Apr. 2022
Claudia Frutos-Peterson Speaks at CAI Costa Rica’s 13th Congress of International Arbitration
Event 23 May. 2022
Marco Blanco & Olga Beloded Taught 3-Day LLM Course on International Taxation, Hosted by the DIFC and University of Paris II - Assas
Partner Antonia Birt to Speak at Equal Representation in Arbitration Event Entitled "Diversity and Inclusion, Arbitral Institutions, and Users"
News 24 May. 2022
Curtis Sponsors New ASIL Prize for Best Article in International Dispute Resolution
Client Alert 21 Apr. 2022
New Laws Targeting Assets of Russian Oligarchs: The U.S. Announces Task Force KleptoCapture and the Kleptocracy Asset Recovery Rewards Program
Client Alert 24 Jun. 2021
Update on Virtual Notarization (Executive Order 202.7) During the COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021) — U.S. Insight
Update on Virtual Witnessing (New York Executive Order 202.14) During The COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021) — U.S. Insight
News 24 Jun. 2020
On 9 June, 2020, an UNCITRAL tribunal dismissed with prejudice an US$86 million investment treaty claim against Kuwait over the termination of contracts for health-screening services, and ordered claimant Conseil Économique des Pays Musulmans to pay the full costs of the proceeding, as well as Kuwait’s legal fees and expenses. Faced with substantiated allegations by Kuwait in its memorial on jurisdiction that the basis for the claim was fraudulent, the claimant asked for the claim to be withdrawn and proposed a discounted costs settlement. Kuwait rejected the proposed settlement terms and requested the tribunal to issue an award, resulting in the award of full costs and the dismissal of the claim with prejudice.
This is the second claim against Kuwait that Curtis has successfully defended. The first win for the State concerned a US$320 million treaty claim brought by Egyptian tourism company Almasryia, which was found to be manifestly without legal merit by an ICSID tribunal in November 2019. The tribunal’s ruling represented a rare victory by a respondent State in the use of article 41(5) of the ICSID rules of arbitration. Curtis also acts for Kuwait in the annulment proceedings initiated by Almasryia.
The Curtis team representing Kuwait in Conseil Économique was led by Charles Buderi and included Justin Jacinto, Luciana Ricart and William Hampson. Charles Buderi also led the team that defeated the Almasryia claim, together with Gabriela Álvarez Ávila and Luciana Ricart.
Click here for Global Arbitration Review’s analysis of the award.
Click here for Investment Arbitration Reporter’s coverage of the award.
Charles L. O. Buderi
Justin M. Jacinto
Luciana Teresa Ricart
+44 20 7710 9800
+1 202 452 7373
+52 55 5282 1100