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Investment Arbitration

China feels the heat in spice dispute at ICSID

China feels the heat in spice dispute at ICSID

22 June 2017

A German food and spice manufacturer has brought an ICSID claim against China – the third the state has ever faced at the centre.

Yukos investors target Rosneft counsel with discovery requests

Yukos investors target Rosneft counsel with discovery requests

21 June 2017

UPDATED: The former majority shareholders in Yukos have asked the US courts to compel two lawyers, including a partner at Baker Botts, to produce evidence relating to allegations that Russia and its state-run oil company Rosneft manipulated the Armenian judiciary’s rulings in Yukos-related matters.

Canadian Supreme Court denies Kyrgyzstan creditors

Canadian Supreme Court denies Kyrgyzstan creditors

21 June 2017

Two investors may be at the end of their efforts to recover awards against Kyrgyzstan in Canada, after the Supreme Court refused to hear the appeal of a decision denying enforcement against shares held by state-owned enterprise Kyrgyzaltyn.

Argentine road deal paves way for ICSID settlement

Argentine road deal paves way for ICSID settlement

19 June 2017

Spanish infrastructure group Abertis has agreed the preliminaries of a deal with Argentina over a toll-road concession that could lead to the settlement of claims pending before an ICSID tribunal.

Venezuela agrees new terms with ICSID creditor

Venezuela agrees new terms with ICSID creditor

19 June 2017

Canadian mining company Gold Reserve has received US$40 million from Venezuela in partial satisfaction of an ICSID award, after agreeing new settlement terms that will see the investor receive more than US$1 billion in the next two years.

Canada defeats NAFTA award challenge

Canada defeats NAFTA award challenge

16 June 2017

A US court has upheld a NAFTA award that rejected a US renewable energy investor’s US$810 million claim against Canada, ruling that the tribunal’s deference to the Ontario authorities was not a manifest disregard of the law.

No security for Micula brothers

No security for Micula brothers

16 June 2017

The High Court in London has refused for the time being to order Romania to pay security pending a stay of enforcement of a £173 million ICSID award in favour of Swedish brothers Viorel and Ioan Micula – while giving them permission to appeal the stay.

Trio of new ICSID claims against African and Lat Am states

Trio of new ICSID claims against African and Lat Am states

15 June 2017

ICSID has registered three new cases in two days, including a claim against Madagascar brought by investors who have already pursued the state at the ICC and claims against Argentina and Chile.

Israeli investor brings treaty claim against Ethiopia

Israeli investor brings treaty claim against Ethiopia

14 June 2017

The Dutch subsidiary of a major Israeli fertiliser producer has lodged one of the first known investment treaty cases against Ethiopia – over a potash mine that closed down after being hit with a tax bill.

Cape Verde award confirmed after no-show

Cape Verde award confirmed after no-show

14 June 2017

A US court has issued a default judgment confirming a Permanent Court of Arbitration award against Cape Verde after the African island state failed to appear.