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
News 28 Aug. 2024
Curtis Recognized for Excellence in Arbitration in Chambers Latin America Guide 2025
Event 22 Aug. 2023
Partner Dr. Claudia Frutos-Peterson to Speak at Arbitration and ADR Commission of the ICC Mexico
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
news
Legal 500 UK Recognizes Curtis Practices and Attorneys in 2025 Edition
Curtis Attorneys Featured in IBA Insolvency and Arbitration Working Group’s New Reports
News 01 Feb. 2019
On January 29, 2019 the ICC tribunal in the arbitration filed by Messrs. Ayoub-Farid Michel Saab and Fadi Michel Saab against the Republic of Cyprus, by majority, dismissed the entire case on its merits.
The US$1.4 billion dispute related to the failure of FBME Bank Ltd., and its Cypriot branch office, following its designation by the United States’ Financial Crimes Enforcement Network (FinCEN) as a financial institution of “primary money-laundering concern”.
Claimants, the ultimate beneficial owners of FBME, had alleged that Cyprus’ response to that designation by FinCEN, in, amongst other acts, placing FBME’s Cypriot branch into resolution was a violation of the Cyprus-Lebanon BIT. The total alleged damages amounted to US$1.4 billion.
The Curtis team of lawyers representing Cyprus was led by partners Mark O’Donoghue, Peter Wolrich and Justin Jacinto, with associates William Hampson (London), Sena Tsikata (London) and trainee solicitor Odysseas Stergianopoulos (London).
Curtis has represented Cyprus in four arbitrations since 2014. This is Curtis’ second arbitration victory on behalf of Cyprus, with the remaining two cases still pending.
International Arbitration
William Hampson
Partner
Justin M. Jacinto
Mark H. O'Donoghue
Senior Counsel
Sena Tsikata
Associate
Peter M. Wolrich
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