The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Reed Smith defeated the two claims, the first of which came KT Asia Investment Group BV and the second from energy giant AES Corporate.
KT Asia Investment Group, which is owned by exiled Kazakh businessman Mukhtar Ablyazov, turned to Matrix barrister Zachary Douglas to bring the case.
Ablyazov is wanted by a number of CIS countries on charges of fraud and corruption. In the UK he is being sued by the Kazakh government (11 December 2012).
The ICSID threw out claims from KT Asia Investment Group, stating that it did not have jurisdiction to hear the dispute as the claimant did not hold “an investment” under the ICSID Convention and the relevant Bilateral Investment Treaty.
Reed Smith also defended the RoK against a US$1.29 bn claim from energy giant AES’ over alleged breached of agreements between the RoK and America and the RoK’s Energy Charter Treaty.
The company launched multiple claims, the majority of which were thrown out by the Tribunal.
Allen & Overy lawyer Judith Gill and partners Mark Levy and Jeffrey Sullivan lost the fight against Essex Court Chambers’ Joe Smouha QC. The Tribunal threw out the majority of AES’ claims, awarded no damages and ordered it to pay a contribution towards costs of the arbitration.
The legal line up
For the defendant RoK
Reed Smith partner Belinda Paisley, of counsel Chloe Carswell and Dinara Jarmukhanova, associates Dina Nazargalina, Ellie Chapman and Suzie Savage; and paralegal Dana Kuzutbayeva.
Essex Court Chambers’ Toby Laundau QC and 3 Verulam Buildings’ Ali Malek QC and Christopher Harris