Units of Malaysia's national energy company have kicked off new litigation in Delaware and New York, seeking additional information as they look to fight back against a massive $14.9 billion arbitral award issued in a territorial dispute stemming from a 19th-century land deal.
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MONDAY, NOVEMBER 25, 2024 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Malaysia Looks To Shore Up Counterattack Over $14.9B Award

By Caroline Simson

Units of Malaysia's national energy company have kicked off new litigation in Delaware and New York, seeking additional information as they look to fight back against a massive $14.9 billion arbitral award issued in a territorial dispute stemming from a 19th-century land deal.

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Bulgaria Looks To Nix $61M Renewable Energy Award Suit

By Caroline Simson

Bulgaria is urging a D.C. federal court to nix litigation filed by Maltese investor ACF Renewable Energy Ltd. to enforce a €61 million ($63.54 million) arbitral award it won following a dispute over a nixed tariff program, arguing that it never agreed to arbitrate with ACF.

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Jordanian Investor Promises Major Arbitration Against Egypt

By Joyce Hanson

A Jordanian investor in a partially Egyptian state-owned petroleum storage and ship refueling company said Friday he plans to make good on a notice of dispute he served on Egypt earlier this year, asserting he soon will seek several hundred millions of dollars in an international arbitration claim.

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PEOPLE

Disputes Firm Gaillard Banifatemi Heads To Cairo, Abu Dhabi

By Joyce Hanson

International arbitration firm Gaillard Banifatemi Shelbaya Disputes has opened offices in Cairo and Abu Dhabi, saying the firm will deepen its roots in the Middle East and North Africa following its 2021 founding by eight former Shearman & Sterling LLP arbitration partners.

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EXPERT ANALYSIS

Takeaways From Final Regulations For China Investment Ban

​The U.S. Department of the Treasury’s final rule banning U.S. investment in emerging Chinese technology clarifies some key requirements, includes additional exceptions for covered transactions and attempts to address concerns that the rule will put U.S. businesses at a competitive disadvantage, say attorneys at Simpson Thacher.

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Series

Circus Arts Make Me A Better Lawyer

Performing circus arts has strengthened my ability to be more thoughtful, confident and grounded, all of which has enhanced my legal practice and allowed me to serve clients in a more meaningful way, says Bailey McGowan at Stinson.

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LEGAL INDUSTRY

Bonus Spotlight

Akin Announces Associate Bonuses, 2025 Salary Scale

By Tracey Read

Akin Gump Strauss Hauer & Feld LLP told Law360 Pulse on Monday it will pay associates and counsel year-end bonuses of between $15,000 and $115,000 and special bonuses of between $6,000 and $25,000, based on seniority, in February.

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Law Firm Leasing Surpasses Pre-COVID Rate So Far In 2024

By Emily Sawicki

The rate at which U.S. law firms are signing major office leases — those at or above 20,000 square feet — has surpassed pre-pandemic levels, according to new data released by Savills on Monday, showing that while activity is up, firms are divided on whether to expand, downsize or maintain their square footage.

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Ex-Fox Rothschild Corp. Head Ends Bias Suit Against Firm

By Lynn LaRowe

Fox Rothschild LLP has resolved a discrimination lawsuit with a former head of its corporate department who claimed he was pushed out of the firm after nearly three decades because of his age, according to a stipulation of dismissal filed Monday in New Jersey state court.

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SDNY's Williams To Resign Before Trump Takes Office

By Pete Brush

Manhattan U.S. Attorney Damian Williams said Monday he will resign Dec. 13, clearing the way for President-elect Donald Trump's nominee, former U.S. Securities and Exchange Commission chair Jay Clayton, to run the office next year.

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Jack Smith Drops Trump's Federal Cases

By Frank G. Runyeon and Phillip Bantz

Special counsel Jack Smith on Monday moved to drop the federal prosecutions of President-elect Donald Trump in D.C. and Florida, citing long-standing Justice Department policy barring the prosecution of a sitting president while insisting that the government "stands fully behind" the merits of the charges.

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Legal YouTuber Files FOIA Suit To Get Trump Cases Docs

By Carolina Bolado

Popular legal YouTuber Legal Eagle has filed a Freedom of Information Act lawsuit asking for a court order forcing the federal government to expeditiously process requests for documents related to the prosecutions of Donald Trump in Washington, D.C., and Florida that special counsel Jack Smith is now seeking to dismiss.

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Fed. Workers Union's New GC Vows To Fight Trump Attacks

By Emily Brill

The largest union for federal employees named a new general counsel Monday, positioning him as well-poised to fight off any attacks to government jobs that may come from an incoming presidential administration that has pledged to "dismantle government bureaucracy."

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Justices Reject Patent Case Challenging Newman Suspension

By Ryan Davis

The U.S. Supreme Court refused Monday to hear an appeal by a company that owns a background check patent invalidated for claiming only an abstract idea and that argued it was deprived of a fair hearing at the Federal Circuit due to the suspension of U.S. Circuit Judge Pauline Newman.

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Baltimore Atty Convicted Over $25M Hospital Extortion Plan

By Lauren Berg

A Baltimore federal jury on Friday convicted a prominent medical malpractice attorney on all charges in a case alleging he threatened the University of Maryland with bad publicity about "diseased" organs being transplanted into patients unless it paid him $25 million.

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LAW FIRMS IN TODAY'S NEWS

4 5 Gray's Inn Square

A&O Shearman

Akin Gump

Baker & Hostetler

Barnes & Thornburg

Brand Woodward

Cadwalader Wickersham

Cleary Gottlieb

Continental PLLC

Covington & Burling

Cravath Swaine

Davis Polk

Dechert LLP

Dunlap Codding

Earth & Water Law

Fisher & Phillips

Fox Rothschild

Fried Frank

Gaillard Banifatemi

Haynes & Boone

Holwell Shuster

King & Spalding

Latham & Watkins

Lauro & Singer

Lewis Baach

Martin LLP

Milbank LLP

Morris Manning

Nelson Mullins

O'Melveny & Myers

Paul Weiss

Proskauer Rose

Ropes & Gray

Rylander & Associates

Schulte Roth

Simpson Thacher & Bartlett LLP

Skadden Arps

Stinson LLP

Sullivan & Cromwell

Weil Gotshal

White & Case

Willkie Farr

COMPANIES IN TODAY'S NEWS

American Federation of Government Employees

Barclays PLC

Deutsche Bank AG

Dubai International Financial Centre

ENI SpA

HSBC Holdings PLC

International Centre for Settlement of Investment Disputes

LinkedIn Corp.

McDonald's Corp.

New Civil Liberties Alliance

NextEra Energy Inc.

Petronas

Savills Inc.

Space Exploration Technologies Corp.

Tesla Inc.

Therium Capital Management Ltd.

Twitter Inc.

United Nations Commission on International Trade Law

University of Maryland Medical System

YouTube Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

City of Anna, Texas

Equal Employment Opportunity Commission

European Commission

European Union

Federal Bureau of Investigation

Federal Labor Relations Authority

Office of Investment Security

U.S. Attorney's Office for the District of Maryland

U.S. Court of Appeals for the Eleventh Circuit

U.S. Department of Justice

U.S. Department of Veterans Affairs

U.S. Department of the Treasury

U.S. District Court for the District of Columbia

U.S. District Court for the District of Delaware

U.S. District Court for the District of Maryland

U.S. District Court for the Eastern District of Texas

U.S. District Court for the Southern District of New York

U.S. House of Representatives

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court