Mexico has come out on top of a $219 million dispute with two U.S.-based investment funds after the International Centre for Settlement of Investment Disputes tossed their claims concerning a debt that a Mexican broadcaster defaulted on during the coronavirus pandemic.
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FRIDAY, AUGUST 7, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

$219 Million TV Azteca Debt Arbitration Against Mexico Tossed

By Nadia Dreid

Mexico has come out on top of a $219 million dispute with two U.S.-based investment funds after the International Centre for Settlement of Investment Disputes tossed their claims concerning a debt that a Mexican broadcaster defaulted on during the coronavirus pandemic.

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Spain To Seek 2nd Chance In Award Enforcement Cases

By Caroline Simson

Spain will continue fighting the enforcement of hundreds of millions of euros worth of arbitral awards against it despite the U.S. Supreme Court denying its certiorari bid in a series of parallel cases, focusing on issues raised by the Trump administration in those cases.

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Energy Co. Says Russia Can't Relitigate $219M Crimea Award

By Corey Rothauser

Ukrainian energy supplier DTEK Krymenergo urged a Washington, D.C., federal court on Wednesday to enforce a $219 million arbitral award against Russia, arguing that the country is improperly repackaging a treaty interpretation claim that the D.C. Circuit has already rejected.

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Royal Caribbean Arbitration Bid Falls Flat, 11th Circ. Hears

By Corey Rothauser

Passengers who claim a former Royal Caribbean Cruises Ltd. crew member secretly filmed them, including children, while they undressed urged the Eleventh Circuit on Wednesday to uphold a ruling that their case cannot be forced into arbitration.

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COMMERCIAL

Innsworth Drops Merricks Arbitration Claim After £63M Payout

By Robbie Kalus

Litigation funder Innsworth Capital has dropped its arbitration claim against Walter Merricks over his decision to settle the Mastercard swipe fees case for £200 million ($270 million), clearing the way for compensation to be distributed to consumers.

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EXPERT ANALYSIS

Series

Being A Sommelier Makes Me A Better Lawyer

Being a sommelier has quietly shaped how I practice law by changing the way I think, communicate and connect with people, and offers a constant reminder that expertise is about making your knowledge useful and accessible to others, says Kara Du at Sheppard.

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LEGAL INDUSTRY

How Does In-House Pay Compare? Take The Law360 Survey

How do in-house salaries vary across industries, roles, and organizational revenue? What compensation tools are companies using to lure top talent? Help Law360 Pulse answer these questions and more in this year's In-House Compensation Survey.

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No Simpson Thacher Malpractice In PIPE Case, Jury Finds

By Madison Arnold

Simpson Thacher & Bartlett LLP escaped a malpractice lawsuit late Thursday over its representation of Patriot National Inc. in a private investment in public equity transaction in the years before the company's downfall.

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Dems Slam Skadden's 'Nothing To See Here' Trump Deal Reply

By Hailey Konnath

Three Democratic lawmakers on Thursday criticized Skadden Arps Slate Meagher & Flom LLP's response to their request that the firm disclose details of its pro bono arrangement with the Trump administration, saying the firm's "three sentence letter essentially saying 'nothing to see here'" is "not going to cut it."

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New ABA Chief Seeks To 'Streamline' Org., Defend Democracy

By Emily Sawicki

The American Bar Association's new president, Barbara J. Howard, will focus on twin goals of defending democracy against expected unprecedented attacks associated with this year's midterm elections, while also reorganizing the association to run more efficiently, as she kicks off her one-year term this month.

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Richards Layton Under Fire Amid Bid To Avoid AI Sanctions

By Rose Krebs

A firm has asked a Delaware vice chancellor to allow it to submit more "factual information" regarding what it says are inconsistencies in Richards Layton & Finger PA's attempt to avoid sanctions for submitting a filing with errors generated by artificial intelligence.

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Analysis

The Dramatic Moments Set To Shape Tom Goldstein's Appeal

By Jeff Overley and Jared Foretek

Prurient revelations, brash recriminations and purportedly glaring judicial errors in Tom Goldstein's criminal case have captivated the appellate bar for nearly 19 months, and many of those moments will be center stage in the star attorney's imminent appeal.

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2nd Circ. Says Pillsbury Must Surrender $3.6M Retainer

By Jessica Corso

Pillsbury Winthrop Shaw Pittman LLP was ordered on Thursday to hand over a $3.6 million retainer it was paid to defend a client against criminal and civil fraud charges, with the Second Circuit upholding a ruling that the funds were part of an asset freeze order issued in a U.S. Securities and Exchange Commission case.

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Ex-GC Hijacked Accounts And Posted Klan Imagery, Suit Says

By Ben Adlin

A Washington state court granted a temporary restraining order Wednesday in a school fundraising company's lawsuit accusing its former general counsel of taking control of its social media accounts and allegedly replacing its LinkedIn photo with a manipulated image of its president in a Ku Klux Klan robe.

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Ex-Girardi Atty Gets Probation For Keeping Silent On Theft

By Lauraann Wood

A former Girardi Keese attorney was sentenced to one day time-served and two years of probation Thursday for staying quiet and failing to report disgraced plaintiff's attorney Tom Girardi's theft of millions of settlement dollars owed to Lion Air Flight 620 plane crash victims.

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Wash. Justices Offer Bar Waiver After July Exam Tech Failure

By Rachel Riley

The Washington State Supreme Court said Thursday it's offering to waive the bar exam requirement for first-time applicants who were unable to take the test last week due to an abrupt cancellation driven by technical issues at the Yakima Convention Center where it was scheduled to be administered.   

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Justices' FTC Ruling Weakens Qui Tam's Constitutional Base

The U.S. Supreme Court’s holding in Trump v. Slaughter, expanding presidential control over those exercising executive power, suggests that courts may be receptive to arguments challenging the constitutional foundations of the False Claims Act’s qui tam mechanism, says Daniel Passeser at Wiggin.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Akin Gump

Anderson Kill

Ashurst Perkins

Burns Charest

Cairncross & Hempelmann

Conrad & Scherer

Covington & Burling

Cozen O'Connor

Crowell & Moring

Curtis Mallet-Prevost

DLA Piper

Gibson Dunn

Girardi & Keese

HSF Kramer

Hughes Hubbard

Jenner & Block

King & Spalding

Lipcon Margulies

Morrison Cohen

Paul Hastings

Pillsbury Winthrop

Richards Layton

Seila Law

Sidley Austin

Simpson Thacher & Bartlett

Skadden Arps

Stearns Weaver

Susman Godfrey

Werksman Jackson

Wiggin & Dana

Williams & Connolly

WilmerHale

COMPANIES IN TODAY'S NEWS

American Bar Association

Contrarian Capital Management LLC

Cyrus Capital Partners LP

Deutsche Telekom AG

Executive Health Resources Inc.

Google LLC

Hard Yaka Inc.

Intel Corp.

International Centre for Settlement of Investment Disputes

LinkedIn Corp.

MasterCard Inc.

Patriot National Inc.

Public Co. Accounting Oversight Board

Royal Caribbean Cruises Ltd.

The Boeing Co.

Vimeo Inc.

Washington State Bar Association

Yelp Inc.

YouTube Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Competition Appeal Tribunal

Consumer Financial Protection Bureau

Delaware Court of Chancery

Federal Trade Commission

Government of Mexico

NAFTA

U.S. Attorney's Office for the Northern District of Illinois

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Eleventh Circuit

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Court of Appeals for the Tenth Circuit

U.S. Department of Commerce

U.S. Department of Justice

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

U.S. District Court for the Middle District of Florida

U.S. District Court for the Northern District of Illinois

U.S. Securities and Exchange Commission

U.S. Supreme Court

United Nations