Cross-Border Disputes & Arbitration In 2023, Hughes Hubbard’s arbitration team notched successes for our clients in the U.S., at the International Centre for Settlement of Investment Disputes and before the French Supreme Court.
Two Wins at the French Supreme Court
The French Court of Cassation – France’s highest level of appeal – upheld an investment award for Hughes Hubbard’s dual national client and, in a different case, did the same for a Saudi client of the firm.
Investor’s $100M+ Arbitration
Hughes Hubbard is representing a French investor in a more than $100 million investment arbitration against the Dominican Republic brought under the France-Dominican Republic bilateral investment treaty. The dispute arises out of the abrupt termination of a 10-year concession agreement for the collection of solid waste for one of the largest Dominican municipalities.
UBS Securities in Two FINRA Arbitrations
Hughes Hubbard represented UBS Securities, a subsidiary of the Swiss bank UBS, in two Financial Industry Regulatory Authority arbitrations related to SVB Securities’ raid of UBS’s technology investment banking team.
Arbitration Victory for Ecommerce Client
Hughes Hubbard won a complete victory for a large ecommerce retailer in a confidential emergency arbitration under American Arbitration Association rules. Following a two-day hearing, Hughes Hubbard obtained a full grant of emergency relief for the client, including a mandatory injunction with no bond requirement.
Successful Conclusion to Westwater Arbitration
Hughes Hubbard represented Westwater Resources in a successful arbitration against the Republic of Turkey before the International Centre for Settlement of Investment Disputes. The case stemmed from Turkey's revocation of uranium mining licenses held by the company's Turkish subsidiary, Adur Madencilik.
Multi-Million Dollar Arbitration for Guinea
Hughes Hubbard represents the Republic of Equatorial Guinea in an appeal of an judgment of the District Court for the District of Columbia for the confirmation of a foreign arbitral award issued against it. The matter is pending before the United States Court of Appeals for the District of Columbia Circuit.
U.S. National’s Arbitration Victory
Hughes Hubbard client and U.S. national Edmond Khudyan obtained the annulment with costs of an International Centre for Settlement of Investment Disputes arbitration award in favor of the Republic of Armenia.