Organisation: International Centre for Settlement of Investment Disputes (ICSID)
Honduras to withdraw from ICSID
Honduras has made good on its threat to withdraw from ICSID over the centre’s handling of a US$11 billion claim, as the state also tries to disqualify arbitrator David W Rivkin from hearing that case.
01 March 2024
ICSID panel strikes out most of Tanzania’s annulment bid
In a first at ICSID, a panel has summarily dismissed most of Tanzania’s grounds for annulling an Australian nickel miner’s US$76.7 million award – after it found they were manifestly without legal merit.
07 February 2024
Austrian bank withdraws claim against Slovenia
An Austrian bank has withdrawn its €110 million ICSID claim against Slovenia over a law that imposed a retroactive exchange-rate cap on loans denominated in Swiss francs, after a Slovenian court found the legislation was unconstitutional.
06 February 2024
ICSID panel grants interim relief in Congo lithium feud
An Australian mining company says it has obtained provisional measures in an ICSID arbitration against the Democratic Republic of the Congo over a disputed lithium project that has also spawned various ICC claims.
23 January 2024
US appeals court enforces ICSID award against Venezuela
A US appeals court has upheld the enforcement of two tortilla flour producers’ US$626 million award against Venezuela, finding that it could not second guess an ICSID annulment committee’s refusal to recognise counsel designated by the country’s government-in-exile.
14 December 2023
Canadian miner secures funding for treaty claim against Colombia
A Canadian mining company says it has secured funding for its investment treaty claim against Colombia – which it said risked being discontinued over a failure to pay costs.
10 November 2023
Croatia fails in intra-EU objection to treaty claim
An ICSID tribunal has declined to throw out a claim brought by Dutch investors against Croatia, rejecting the state’s arguments that its bilateral investment treaty with the Netherlands was effectively terminated under EU law.
09 November 2023
RWE to withdraw ECT claim against Netherlands
German energy company RWE is withdrawing its Energy Charter Treaty claim against the Netherlands over coal phase-out legislation – months after a German court ruled it was inadmissible.
03 November 2023
Tanzania pays out to settle mining claim
A Canadian gold mining company says it has received US$30 million from Tanzania to settle their ICSID dispute over the revocation of a project licence.
16 October 2023
Egyptian contractor brings ICSID claim against South Sudan
An Egyptian electrical infrastructure company has filed an ICSID claim against South Sudan under a contract for a construction project.
29 September 2023