Work Area: Investor-state arbitration
Czech Republic has limited success in challenge to plasma award
A UK court has upheld one of the Czech Republic’s grounds of challenge to a US$730 million treaty award won by investors in a blood plasma business, while dismissing or reserving judgment on other objections.
08 March 2024
Energy arbitration trends in transition
The latest ITA-IEL-ICC joint annual conference considered the future of international energy disputes amid global conflict, energy transition initiatives and heightened criticism of ISDS, while King & Spalding’s Doak Bishop was interviewed about his career. Sophia Sepulveda Harms of King & Spalding in Houston reports.
06 March 2024
Mining claim against Ghana clears hurdle
An Australian mining company seeking US$275 million in damages from Ghana over a gold project says a tribunal has accepted jurisdiction over part of its claim and refused to stay the case.
05 March 2024
Engineering group pays Ecuador to settle treaty award
Ecuador says that Australian engineering company Worley has paid US$6 million to satisfy a costs award from its failed US$145 million treaty claim, which was thrown out last year based on findings of illegality.
01 March 2024
Colombia defeats ICSID claim over environmental measures
UPDATED: Colombia has defeated a closely-watched ICSID claim worth US$130 million brought by a Canadian company over a ban on mining operations in environmentally protected wetlands.
29 February 2024
Mozambique defeats treaty claim over rail project
A divided UNCITRAL tribunal has thrown out an Indian investor’s US$156 million treaty claim against Mozambique over a rail and port project.
29 February 2024
Uniper prepares treaty claim against Russia
German state-owned energy group Uniper has put Russia on notice of a potential investment treaty claim over a decree that placed its Russian assets under temporary state control.
29 February 2024
Billion-dollar award debt written off in UK restructuring
A UK court has approved a restructuring plan for a subsidiary of Houston-based construction group McDermott that will effectively extinguish a US$1.3 billion ICC award debt owed to a Colombian state-owned entity.
28 February 2024
Details emerge of Iranian businessman’s claim against Azerbaijan
The Permanent Court of Arbitration has published documents from a treaty claim filed by an Iranian businessman against Azerbaijan – revealing the investor is seeking US$800 million over an alleged conspiracy led by the country’s president to seize his investments.
28 February 2024
Snow crab investors seek to revive claim against Norway
Latvian investors are seeking to annul an ICSID award that dismissed their €450 million treaty claim against Norway over rights to fish for snow crab, alleging that the state lied to the tribunal and knowingly appointed counsel with conflicts.
28 February 2024