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Investment Arbitration

Solar power investor seeks to annul ECT award in favour of Italy

Solar power investor seeks to annul ECT award in favour of Italy

04 May 2017

The first of nine renewable energy companies to have initiated arbitration with Italy under the Energy Charter Treaty has filed to annul the award issued last year, which apparently dismissed its claim relating to reforms in the country's solar power sector.

Who is sitting at ICSID?

Who is sitting at ICSID?

03 May 2017

Former UK Supreme Court president Lord Phillips, ex-UK government legal adviser Sir Michael Wood and Three Crowns partner Gaëtan Verhoosel are among the arbitrators to receive their first ICSID appointments in the latest round of tribunals formed at the centre.

DR-CAFTA panel won’t split off nationality objection

DR-CAFTA panel won’t split off nationality objection

03 May 2017

The Dominican Republic has failed to persuade an UNCITRAL panel to hold a separate hearing on whether claims by two former missionaries concerning a real estate investment should be dismissed because of the claimants’ “dominant and effective” nationality.

Egyptian state entities on hook for US$2 billion

Egyptian state entities on hook for US$2 billion

02 May 2017

A Swiss court has upheld an ICC award requiring two Egyptian state-owned entities to pay more than US$2 billion for terminating a deal to supply gas to Israel, two weeks after a tribunal in Cairo held the same entities liable in a related case.

Russian company threatens first treaty claim against Belarus

Russian company threatens first treaty claim against Belarus

28 April 2017

A Russian construction company has threatened to bring what would be the first known investment treaty against Belarus, in reliance on a multilateral treaty for the creation of an Eurasian economic union.

Trustee told it can’t bring treaty claim

Trustee told it can’t bring treaty claim

27 April 2017

An ICSID panel has dismissed a treaty claim against Venezuela brought by the Barbadian manager of a trust that the state alleged was a front for Venezuelan nationals or a Qatari sovereign fund.

German investor asks to annul Argentina award

German investor asks to annul Argentina award

27 April 2017

A German construction group is seeking to partially annul a US$13.4 million ICSID award issued against Argentina last December in a dispute over a bridge and highway project affected by the state’s financial crisis.

Decision on dual nationals is partially set aside

Decision on dual nationals is partially set aside

26 April 2017

A French court has partially annulled a jurisdictional decision in a bilateral investment treaty case against Venezuela but said the arbitrators did not err in concluding that the BIT in question allows claims by dual nationals.

Romania won't withdraw arrest warrant

Romania won't withdraw arrest warrant

26 April 2017

UPDATED. Romania has refused to withdraw a European Arrest Warrant and request for extradition for a London-based German who an ICSID tribunal has held to be essential to the fair conduct of an arbitration against the state.

Cairo panel rules in Egypt-Israel pipeline dispute

Cairo panel rules in Egypt-Israel pipeline dispute

25 April 2017

A tribunal seated in Cairo has found two Egyptian state entities liable for terminating a deal to supply gas to Israel but has still to rule on damages – part of a multibillion-dollar dispute triggered by the Arab Spring that has given rise to three other arbitrations.