Work Area: Investor-state arbitration
ThyssenKrupp defeats claims by Greece in multibillion-euro submarine dispute
An ICC tribunal has rejected claims brought by Greece against ThyssenKrupp in a multibillion-euro ICC arbitration over cancelled contracts to build submarines for the state’s navy, while only partly upholding claims against two other contractors.
19 February 2024
Belgium ordered to pay damages to DP World
Updated: A split ICSID tribunal has ordered Belgium to pay €41 million to Emirati logistics group DP World for expropriating part of its concession for a container terminal at the port of Antwerp.
16 February 2024
Malaysian court recognises ICSID award against Zimbabwe
A Malaysian court has recognised a US$200 million ICSID award against Zimbabwe, in what counsel are calling a first of its kind decision.
16 February 2024
Shell and Exxon launch claim over phase-out of Dutch gas field
Shell and ExxonMobil have filed a contractual arbitration against the Netherlands over arrangements for the closure of the largest natural gas field in Europe.
14 February 2024
Uruguay liable in airline dispute
A private equity-backed Panamanian entity has won US$56.5 million in its ICSID claim against Uruguay over the collapse of the country’s flag carrier airline – while the state says it knocked out 94% of damages sought.
14 February 2024
Who is sitting at ICSID?
Nine panels have formed at ICSID in recent weeks, including a first appointment at the centre for Debevoise & Plimpton’s former co-chair of dispute resolution David W Rivkin.
14 February 2024
Oxy agrees to settle dispute with Ecuador oil block partner
Occidental Petroleum says it has reached a preliminary settlement with its Chinese former partner in an Ecuadorean oil block to settle a long-running fight over the proceeds of an ICSID award.
13 February 2024
Kuwaiti group revives telecoms claim against Iraq
Kuwaiti logistics group Agility has said it will refile an ICSID claim against Iraq over a telecoms investment marred by alleged corruption after its bid to annul an award in the state’s favour was partially upheld.
12 February 2024
Billion-dollar dispute over Indian gas venture headed for arbitration
The Indian Supreme Court is set to send a billion-dollar dispute between India’s national oil company and a joint venture between ArcelorMittal and Japan’s Nippon Steel to arbitration.
09 February 2024
Spain fails to reopen solar reform award
An ICSID committee has refused to annul an Energy Charter Treaty award ordering Spain to pay a Japanese investor more than €23.5 million over the state’s reforms to its renewable energy regime.
08 February 2024