An arbitration brought by Petróleos de Venezuela (PDVSA) against Petróleos Paraguayos (Petropar), filed in July 2016 before the Paris-based International Court of Arbitration of the International Chamber of Commerce (ICC), has been temporarily suspended.
Brexit woes in 2018 did not deter parties from referring disputes to the LCIA. The LCIA released its Annual Casework Report, revealing a growing preference for use of the institution’s Rules, increased recourse to expedited procedures, and parties hailing to the LCIA from diverse regions.
The International Centre for Settlement of Investment Disputes (ICSID) released its 2018 caseload statistics. ICSID registered a record 56 new cases: 49 under the ICSID Convention Arbitration Rules; 6 under the Additional Facility Rules; and 1 under the ICSID Convention Conciliation Rules.
The Monthly Wrap: News, insights, and analysis from Arent Fox's International Arbitration team.
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