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Investment Arbitration

CIETAC launches investment rules and opens "Silk Road" centre

22 September 2017

To coincide with China Arbitration Week and in preparation for an array of "Belt and Road" disputes, the country's main arbitration provider CIETAC has announced new rules for the handling of investment disputes and the opening of a "Silk Road Arbitration Centre" in Xi'an..

Pakistan faces US$800 million bill for detaining power ships

Pakistan faces US$800 million bill for detaining power ships

20 September 2017

An ICSID tribunal has ordered Pakistan to pay US$800 million in damages, including interest, to a Turkish company that accused the state of detaining its power generation vessels as a result of a feud between the state's ruling party and the Supreme Court.

ECJ adviser gives thumbs-up to intra-EU BITs

ECJ adviser gives thumbs-up to intra-EU BITs

19 September 2017

In a closely watched case with implications for nearly 200 treaties, an advocate general of the European Court of Justice has advised that investor-state arbitration provisions in a bilateral investment treaty between the Netherlands and Slovakia are compatible with EU law.

Spain again targets Alexandrov

Spain again targets Alexandrov

19 September 2017

Following an annulment application in July, Spain has taken a second opportunity to cast aspersions on the neutrality of arbitrator Stanimir Alexandrov - applying to disqualify him from hearing an Energy Charter Treaty claim on the grounds of his alleged relationship with an expert firm.

Made in China or the US? Motorcycle claim against Mexico revs up

Made in China or the US? Motorcycle claim against Mexico revs up

19 September 2017

A US motorcycle manufacturer has filed a NAFTA claim against Mexico after the state imposed a mandatory customs duty on its imported bikes after concluding that they are in fact made in China, not the US.

ICSID chairman makes his pick of arbitrators

ICSID chairman makes his pick of arbitrators

18 September 2017

World Bank president and chair of ICSID's administrative council Jim Yong Kim has made 10 additions to the centre's panels of arbitrators - the first time he has exercised his power to to do so under the ICSID Convention.

Ukraine risks new claim as hearings loom in oligarch case

Ukraine risks new claim as hearings loom in oligarch case

18 September 2017

UPDATED: French pharmaceutical group Sanofi has threatened Ukraine with an investment treaty claim over an alleged fraud in its courts - as the state prepares for hearings in an unrelated dispute with a Ukrainian oligarch.

Crystallex sues New York bank over Venezuela funds

Crystallex sues New York bank over Venezuela funds

15 September 2017

UPDATED: An ICSID creditor has brought a US court action to compel Bank of New York Mellon to hand over funds belonging to the Venezuelan government that are also at issue in an unrelated arbitration in Rio de Janeiro.

Niger denied judicial review in Paris

Niger denied judicial review in Paris

15 September 2017

A Paris court has refused to block enforcement of a US$26 million award against Niger, despite allegations of fraudulent collusion between the arbitrator, claimant and witness - holding that judicial review of an order confirming an international arbitration award is not allowed.

Tanzania faces ICSID claim after sugar project goes sour

Tanzania faces ICSID claim after sugar project goes sour

13 September 2017

The Swedish investors behind an aborted project in Tanzania to produce sugar for use as renewable fuel have filed an ICSID claim after the east African state revoked the land title for the site amid concerns over the impact on local farmers and a nearby wildlife sanctuary.