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Investment Arbitration

Ecuador in treaty U-turn‎ under new leader?

Ecuador in treaty U-turn‎ under new leader?

17 October 2017

Following the election of Lenin ‎Moreno as president this April, Ecuador looks set to renegotiate its bilateral investment treaties and - it has been suggested - could even readopt the ICSID Convention.

Poland to face claim over wind farms

Poland to face claim over wind farms

16 October 2017

A US renewable energy group has threatened Poland with an investment treaty claim in a dispute over wind farm contracts it says cost it US$700 million.

Sri Lanka faces claim over flooding at parliamentary lake

Sri Lanka faces claim over flooding at parliamentary lake

16 October 2017

GAR has learned further details of an ICSID claim filed last year against Sri Lanka, triggered by the flooding of a British hotel investor’s land on the banks of Lake Diyawanna near Colombo, where the country’s parliamentary building stands on an artificial island.

Czech Republic wins first solar case

Czech Republic wins first solar case

13 October 2017

The Czech Republic has defeated the first of seven investment treaty cases brought by European investors over reforms to the country’s solar power sector.

Tribunal selected for Iranian banks’ claim against Bahrain

Tribunal selected for Iranian banks’ claim against Bahrain

11 October 2017

Three arbitrators have been selected to hear the first known investor-state claim against Bahrain, brought by two Iranian banks which say the state seized their assets while under the sway of foreign powers.

Yukos shareholders give up on enforcement in France

Yukos shareholders give up on enforcement in France

10 October 2017

The former majority shareholders in Yukos who won a US$50 billion award against Russia three years ago have abandoned their attempt to enforce it in France, saying it “no longer makes economic sense”.

Zimbabwe is paying, reveals Dutch farmer

Zimbabwe is paying, reveals Dutch farmer

10 October 2017

Zimbabwe is gradually paying a 2009 ICSID award for the seizure of farms during President Mugabe’s land reform programme, one of the farmers has revealed – in line with a deal signed last year that was not reported at the time.

Forced bank sale in Poland leads to damages

Forced bank sale in Poland leads to damages

09 October 2017

A Stockholm Chamber of Commerce tribunal has ordered Poland to pay €176 million to a private equity firm after finding that the forced divestment of the claimant’s stake in a bank violated an intra-EU bilateral investment treaty.

Australian court enforces ICSID award against Congo

Australian court enforces ICSID award against Congo

09 October 2017

An Australian court has enforced an ICSID award worth US$2.7 million won by a Lebanese couple over the expropriation of their business premises in the Democratic Republic of the Congo.

Investor in fertiliser group fails to annul Venezuela award

Investor in fertiliser group fails to annul Venezuela award

05 October 2017

An ICSID annulment committee has refused to annul an award rejecting a US$150 million claim against Venezuela relating to an expropriation in the fertiliser industry.