Economic Consulting News & insights: December 2013
The Economic Consulting practice of FTI Consulting in Asia Pacific is pleased to send you our latest Economic Consulting Newsletter. With this newsletter, we hope to provide you with a recap some of the latest developments in the dispute, litigation and international arbitration space, as well as share our thoughts and opinions on recent trends affecting the markets. In this issue you can find the following:
Recent Cases and Decisions
- Official Assignee v SUTL family: The body that administers the affairs of bankrupts has lost a USD 25 million lawsuit against the family behind the SUTL group of companies. In a written judgment Judicial Commissioner Lionel Yee dismissed the claims brought forward by the Official Assignee against the SUTL family.
- Deutsche Telekom v India: Deutsche Telekom has filed a treaty claim governed by the International Centre for Settlement of Investment Disputes’ (ICSID) additional facility rules against India over an aborted satellite venture between Devas Multimedia and Antrix.
- Starbucks v Kraft:A JAMS arbitrator has ruled against Starbucks and ordered the coffee chain to pay USD 2.8 billion for terminating a marketing deal between itself and Kraft.
- CSP Equity Investment v Spain: CSP Equity Investment has filed an Energy Treaty Claim against Spain over reforms in its solar power sector under SCC rules at the Permanent Court of Arbitration. The dispute relates to a series of reforms initiated by Spain to its renewable energy sector in 2012.
- Stans Energy v Kurgyzstan: Stans Energy, a Canadian mining company, has filed a USD 118 million claim against Kyrgyzstan before MKAS, accusing the Kyrgyz government of expropriation of its investment in the country.
Industry Insight: Mining industry – falling commodity prices?
Thought of the Month: The UK economy – expected to grow?