An ICSID award dismissing a US$10 billion Energy Charter Treaty claim against Turkey has been upheld by an ad hoc annulment committee – ending what has been called the largest case in the centre's history in monetary terms.
Peru fends off Argentine treaty claim
Thursday, 23 May
An ICSID tribunal has thrown out an Argentine roadbuilder's US$125 million claim against Peru in its entirety – the state's second victory at the World Bank centre in the past few weeks.
Finnish rules undergo overhaul
Thursday, 23 May
The Arbitration Institute of the Finland Chamber of Commerce – which, at 102 years old, is older than Finland itself – is introducing a new set of rules to modernise its arbitration offering.
