This new award recognises the performance of a pre-eminent London-based team in a single international arbitration matter, be that acting for private corporates, investors, state-owned enterprises and states themselves in international commercial arbitration or investment treaty arbitration. Judges will be looking for examples of an outstanding result achieved for the client.
2017 WINNER: Skadden, Arps, Slate, Meagher & Flom
Karyl Nairn QC
Securing victory for the government of the Republic of South Sudan in its ICSID dispute with Sudapet Company stands out. This involved the dismissal of more than $1bn in claims that followed the country’s secession from Sudan in 2011.
Advising Russian businessman Vitaly Smagin on the confirmation of a $92m arbitration award against politician Ashot Yegiazaryan. This followed an LCIA case in which Smagin won a $72m claim in a dispute over a stake in a shopping mall.
BOIES, SCHILLER & FLEXNER
Successfully advising OPAP, the Greek sports betting company, in a €1bn LCIA arbitration against the Greek government. The claim related to an exclusive licence to operate video lottery terminals in Greece that had been awarded to OPAP in 2011.
CLEARY GOTTLIEB STEEN & HAMILTON
Defending Telecom Italia in what would have been one of the largest reported arbitration awards ever, a $15bn ICC arbitration seated in Paris and governed by Brazilian law. The case focused on the allegation that Telecom Italia had deceived and coerced the claimants into agreeing a settlement agreement to an earlier dispute in 2005.
A successful arbitration claim on behalf of several South African nationals and trusts, as well as their Lesotho companies, against the Kingdom of Lesotho concerning mining rights. After unsuccessfully pursuing legal claims in the local courts of Lesotho and South Africa, the clients turned to an SADC Tribunal seeking compensation for expropriation.
WEIL, GOTSHAL & MANGES
Successfully representing Jinpeng Group in a global dispute with Peak Hotels & Resorts concerning a failure to repay a $35m loan and the subsequent misappropriation of the funds by a fraudster. Weil made a novel application for Jinpeng to have two proceedings merged into one, the first time this had been done under HKIAC rules.