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
News 09 Aug. 2021
Curtis, Mallet-Prevost, Colt & Mosle enters into association with Chevalier Law in Singapore.
Event 23 Apr. 2021
Partner Borzu Sabahi to speak on Damages, Enforcement and Annulment of Arbitral Awards at Executive Training Program hosted by the Government of India and the Indian Institute of Foreign Trade
Event 07 Sep. 2021
Simon Batifort and Andrew Larkin Speak at the European Society of International Law’s 2021 Annual Conference
Client Alert 06 Sep. 2021
Disclosure of Beneficial Ownership in 2021 – Luxembourg Perspectives – Alert 5 of the Series
Partner Elisa Botero Speaks on Panel within Framework of Colombia's 4th National Arbitration Competition
News 30 Aug. 2021
Curtis Returns to SCOTUS in Historic Sequel on the Rights of Citizens in Puerto Rico
News 16 Aug. 2021
Curtis Establishes Presence in Saudi Arabia
News 26 Jul. 2021
Curtis' Private Client Group and Attorneys Recognized in the 2021 Chambers High-Net-Worth Guide.
Client Alert 24 Jun. 2021
U.S. Insight: 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)
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in its memorial on jurisdiction that the basis for the claim was fraudulent, the claimant asked for the claim to be withdrawn and proposed a discounted costs settlement.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
News 02 Sep. 2021
Partner Simon Batifort recognized as a 2021 Rising Star in Commercial Arbitration by Euromoney’s Expert Guides