International Arbitration Team of the Year
The winner of this award will demonstrate pre-eminent advice in a single international arbitration matter, be that acting for private corporates, investors, state-owned enterprises or states themselves in international commercial arbitration or investment treaty arbitration.
Charles Russell Speechlys
Successfully defending a Qatari telecoms provider against a $660m LCIA arbitration claim brought by a Saudi Arabian multinational regarding a telecoms joint venture. The team recovered 100% of the client’s costs and agreed an innovative pricing agreement with the client whereby risk was shared, but the client had costs certainty at every stage of the dispute.
Norton Rose Fulbright - HIGHLY COMMENDED
Neil Q Miller
Successfully represented Israel Election Corporation in a $1.7bn ICC arbitration against Egyptian General Petroleum Corporation and Egyptian National Gas Holding Company. The case was unique in raising issues over supply and pipeline security after insurgents attacked the subsea gas pipeline in the Sinai that served Israel in 2012. IEC received a $2bn award, including costs and interest, and also won the subsequent appeal.
Allen & Overy
Acting for more than 30 international investors in claims against Spain under the Energy Charter Treaty. This was the first ECT claim relating to investments in the renewables sector, and also the first collective claim under the ECT. In May 2017, an ICSID tribunal issued a €128m award to one of the claimants, Eiser Infrastructure.
Representing the Austrian subsidiary of a large Russian bank and a separate Maltese bank in a claim against a Russian bank over a subordinated loan agreement. The claimants won the LCIA arbitration, and were awarded $80m, including full payment of the principle and interest under the loan, plus a significant portion of costs.
Skadden, Arps, Slate, Meagher & Flom
David Kavanagh QC
Successfully representing Japan’s NTT Docomo in a $1.2bn LCIA arbitration against India’s Tata for breach of contract. The award was upheld in Delhi and the client received payment in full of the award, plus interest. Getting 100% recovery of such an amount from an Indian respondent in India is an unusual achievement in large commercial international arbitration.
Weil, Gotshal & Manges
Representing 1Malaysia Development in a high-profile arbitration concerning the alleged misappropriation of $3.5bn, brought by International Petroleum Investment Company and Aabar Investments, both owned by the government of Abu Dhabi. Alongside the arbitration proceedings, Weil worked towards negotiating a settlement that was signed in April 2017.