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Investment Arbitration

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.

Italy denied security for costs in solar claim

Italy denied security for costs in solar claim

14 June 2017

An ICSID tribunal has refused to order a solar power investor to pay security for costs in an Energy Charter Treaty claim against Italy, ruling that the investor’s reliance on a third-party funder following its insolvency did not make the order necessary or urgent.

Belgian investors fail to reinstate ICC treaty award

Belgian investors fail to reinstate ICC treaty award

13 June 2017

Two Belgian clothing investors have failed in a bid to reinstate an investment treaty award against Madagascar issued by ICC sole arbitrator Barton Legum after it was set aside last year.

Swedish emergency arbitrator halts enforcement of Benin court judgment

Swedish emergency arbitrator halts enforcement of Benin court judgment

13 June 2017

An emergency arbitrator in Stockholm has ordered Benin to stop judges from enforcing a "grotesquely flawed" judgment of its appeal court pending the outcome of a treaty arbitration against the west African state.

Cairn seeks to halt sale in Indian back tax dispute

Cairn seeks to halt sale in Indian back tax dispute

12 June 2017

Scottish oil company Cairn Energy today asked an UNCITRAL tribunal to restrain India from proceeding with a forced sale of its stake in a former subsidiary, pending an investment treaty claim over a US$1.6 billion tax bill.

Belgian court unfreezes Russian assets in Yukos case

Belgian court unfreezes Russian assets in Yukos case

09 June 2017

A Belgian court has ordered the lifting of attachments on Russian-owned real estate and bank accounts in Brussels that were frozen two years ago at the request of one of the former majority shareholders in Yukos.

Glencore’s claim against Bolivia ready to go

Glencore’s claim against Bolivia ready to go

09 June 2017

A former chairman of the World Trade Organisation’s Appellate Body is heading the UNCITRAL panel hearing commodities trader Glencore’s investment treaty claim against Bolivia over the nationalisation of a tin and zinc mine, it has emerged.

Light shed on Italy's solar win

Light shed on Italy's solar win

08 June 2017

An award from late last year rejecting Belgian investor Blusun’s €187 million Energy Charter Treaty claim against Italy over reforms in the country’s solar sector has been published this week.

Singapore grabbing share of investment arbitration despite “hot potato” case

Singapore grabbing share of investment arbitration despite “hot potato” case

07 June 2017

A major change of the past few years has been Singapore’s emergence as a hub for investment treaty arbitration. Speakers at GAR Live Singapore considered its role in this regard, with particular reference to the “political hot potato” of the Sanum v Laos case.

Telecoms claim against Algeria dismissed as abusive

Telecoms claim against Algeria dismissed as abusive

06 June 2017

An ICSID tribunal has dismissed a US$4 billion investment treaty claim against Algeria brought by a company owned by Egyptian billionaire Naguib Sawiris, holding that the pursuit of more than one arbitration over the same dispute amounted to an abuse of rights.