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Croatia says it has defeated a €230 million claim brought by a Canadian real estate investor who sought to invoke a treaty on issues of state succession – as the state gears up for a new arbitration with Hungarian oil and gas group MOL.
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Obituary: James Crawford SC (1948 - 2021)
3 Min Read LONDON (Reuters) - A lawyer representing the Kuwait Investment Authority’s London office has told an employment tribunal that the fund should be covered by diplomatic immunity in a legal wrangle involving former staff who accuse it of victimisation. Former fixed income head Simon Hard and another former staff member are pursuing an employment tribunal case against the Kuwait Investment Office (KIO), part of one of the world’s largest sovereign wealth funds, for alleged victimisation, discrimination and so-called whistleblowing detriment. The former employees are themselves bein...
Kuwait Fund Claims Immunity in Bonus Fight With Ex-Managers Bloomberg 2/3/2021 Jonathan Browning (Bloomberg) -- Kuwait’s sovereign wealth fund, in the middle of a lawsuit with former managers at its U.K. office, says diplomatic immunity means it can avoid handing over “sensitive” documents to the court. Popular Searches The Kuwait Investment Authority is challenging an employment claim from a former executive, Simon Hard, saying he raised salaries and bonuses while his boss was away. The fund’s London branch is appealing a “remarkable and invasive” order that it ...