ICSID Excludes Norway’s Accounting Firm From Snow Crab Arbitration

Mealey's ( March 21, 2023, 1:57 PM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) recently published an arbitral tribunal’s decision excluding an accounting firm from continuing to advise the Kingdom of Norway as it opposes claims brought against it by Latvian investors in the snow crab industry after finding “a clear conflict of interest” as one of the firm’s partners previously worked on a preliminary damages report for a claimant....

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