News 09 Apr. 2024
Curtis Announces New Partners and Counsels Across Offices in Spring 2024
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News 25 Jan. 2024
Counsel Mohannad A. El Murtadi Suleiman Addresses “Africanization” of International Investment Law
Event 18 Aug. 2023
Partner Borzu Sabahi Speaks at FDI Moot Shenzhen
News 25 Jul. 2023
Partner Eric Gilioli Ranked in Top 10 Influential Energy & Natural Resources Lawyers in Kazakhstan in Business Today
Client Alert 28 Dec. 2023
U.S. to Impose Secondary Sanctions on Non-U.S. Banks For Financing Russia’s Defense Industry
Event 22 Aug. 2023
Partner Dr. Claudia Frutos-Peterson to Speak at Arbitration and ADR Commission of the ICC Mexico
Event 11 Jul. 2023
Partner Elisa Botero Speaks on the Role of the ICC in Investment Disputes
News 15 Aug. 2023
Legal Reader Publishes Article on Dr. Majed Alotaibi’s Arrival as Senior Counsel in Curtis’ Riyadh Office
News 31 Jul. 2023
Curtis Welcomes Senior Saudi Advisor, Dr. Majed Alotaibi, to its Riyadh Office
News 24 Aug. 2023
Curtis Attorneys Quoted in CoinDesk on FTX Founder Sam Bankman-Fried’s Strategy Ahead of His Criminal Trial
Client Alert 10 Jul. 2024
EU Adopts New Restrictive Measures Against Belarus
Client Alert 26 Jun. 2024
The EU Adopts its 14th Sanctions Package Against Russia
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Curtis with Autodoc in the opening of its Italian subsidiary
Curtis Partners Honored in 2024 Lawdragon 500 Leading Global Litigators Guide
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in its memorial on jurisdiction that the basis for the claim was fraudulent, the claimant asked for the claim to be withdrawn and proposed a discounted costs settlement.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.
International Arbitration
Charles L. O. Buderi
Partner
Justin M. Jacinto
Luciana Teresa Ricart
William Hampson
London
+44 20 7710 9800
Washington, D.C.
+1 202 452 7373
Mexico City
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