Singapore’s International Arbitration Centre has promised to investigate damaging claims around a controversial $490 million ruling it made last year.[1]
The Bar Standards Board (BSB) – which oversees the conduct of barristers in the UK, including those who work abroad – contacted SIAC after a whistleblower complained to it about a British KC.
The high-flying barrister was one of three arbitrators on a SIAC panel considering a compensation claim brought by BVI-registered Kleros Capital Partners against India’s Tata Power.
The ruling, which surprised legal commentators, was based on a “lost chance” premise that Tata’s withdrawal from an agreement with Kleros stopped the latter from sharing in the profits from a proposed coal mining deposit in Eastern Russia. The project was shelved after the worldwide COVID outbreak, and Kleros successfully argued that Tata had broken confidentiality clauses.
When the news reached Russia, outlets there decided to follow up the story, particularly as the planned mine was close to Kamchatka, a UNESCO world heritage site known for its 26 volcanoes.
Journalists sought to find out how Kleros came to be offered a licence to develop the site, when the region has never had a coal mine because it was considered too unstable for such a venture.
It was then discovered that business visas had been obtained for two foreign visitors to Moscow in 2017 and 2018, sponsored on both visits by a Russian Icelandic friendship society chaired by Ingo Skulason,...
CLAIM: Videos purported to show damage and missile impacts in Israel amid its war with Iran. Unverified rumours accompanied them about the purported deaths of high-profile Israelis.BACKGROUND: Litt...