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An international court of arbitration invalidated about $12 billion of Kazakhstan’s claims against oil majors for disputed costs at the Kashagan field, according to people familiar with the matter.
Thursday saw the Court of Arbitration for Sport hold a long-awaited hearing in Lausanne, as sport's highest court considered Senegal's appeal over the decision to award Morocco this year's Africa Cup of Nations title. While Senegal won the match on the pitch in Rabat ten months ago, the Confederation of African Football latter overturned the result because the Teranga Lions had left the pitch in protest mid-game before coming back on. The three-judge panel is expected to issue a verdict soon.
Hong Kong could dethrone London as the top choice for arbitration within the next decade given the Asian city’s status as a global fundraising capital for businesses in mainland China and beyond, the head of the Bar Association has said. Jose-Antonio Maurellet, chairman of the Hong Kong Bar Association, told the South China Morning Post on Friday that the city had enjoyed rapid growth in arbitration work, with high-stakes cases attracting elite international legal talent. Hong Kong tied with...