United Kingdom: Sovereign Immunity: Public Sector Government

The English Court of Appeal has ruled that a state's ratification of the New York Convention does not constitute a waiver of sovereign immunity in enforcement proceedings. Does this decision create obstacles for investors seeking to enforce arbitral awards against states, and what strategies should parties employ when contracting with state entities?

The Court of Appeal has ruled that ratifying the New York Convention does not waive a state's sovereign immunity in enforcement proceedings, creating a significant distinction from ICSID Convention protections. This decision clarifies the complex interaction between international arbitration treaties and state immunity rules, with important implications for investors seeking to enforce arbitral awards against sovereign states. The judgment contrasts sharply with recent Supreme Court precedent on ICSID award

English Court Of Appeal Rules That Signing The New York Convention Does Not Waive State Immunity From Adjudication

A pension's cash equivalent transfer value (CEV) is the value placed on the underlying benefits by the provider.

In December 2023, the England & Wales Court of Appeal unanimously overturned the high-profile ruling handed down by the Commercial Court in October 2022...

The UK Government is demonstrating a desire to increase the diversity of investment in the UK. The objective will be to increase investment in funds directed towards women and ethnic minorities...

In this increasingly globalised and, in some ways, borderless world, an increasing amount of trade is done with sovereign governments, otherwise known as states or countries.

The COVID-19 pandemic has seen an increase in staycations and this means many people are making use of caravans, campervans and motorhomes for their holidays

The claimant, Walter Tzvi Soriano, resident in London, issued proceedings against the sixth defendant, Richard Silverstein, resident in the USA, for defamation.