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Investment Arbitration

Peru settles port dispute with Maersk

Peru settles port dispute with Maersk

28 February 2017

Peru has settled its ICSID dispute with a subsidiary of Denmark’s Maersk Group over a project to modernise one of the country’s largest ports.

Egypt liable for gas supply termination after pipeline attacks

Egypt liable for gas supply termination after pipeline attacks

28 February 2017

An ICSID tribunal hearing one of four politically sensitive cases arising from pipeline attacks that interrupted Egyptian gas supplies to Israel during the Arab Spring has held Egypt liable for expropriation and other treaty breaches – partly on the basis of an ICC panel’s findings.

Cyprus defeats first claim over bank bailout

Cyprus defeats first claim over bank bailout

27 February 2017

Cyprus has prevailed in the first of several investment treaty claims arising from its debt crisis, after a tribunal at the Stockholm Chamber of Commerce ruled that a haircut imposed on deposits in a Cypriot bank did not amount to unlawful expropriation.

Veeder accused of deliberate omission in yet another Pey Casado challenge

Veeder accused of deliberate omission in yet another Pey Casado challenge

24 February 2017

Spanish newspaper publisher Victor Pey Casado has accused arbitrator VV Veeder QC of deliberate omission in a fresh attempt to disqualify him from an ICSID tribunal hearing a case against Chile filed just two days after a previous challenge failed.

Uruguayan criminal proceedings can continue, rules ICSID tribunal

Uruguayan criminal proceedings can continue, rules ICSID tribunal

24 February 2017

An ICSID tribunal hearing a claim against Uruguay has refused to restrain the state from pursuing criminal proceedings against two of the claimants’ witnesses – who are accused of falsifying certain documents presented in the course of the arbitration.

Costa Rica faces treaty claim over chicken import ban

Costa Rica faces treaty claim over chicken import ban

23 February 2017

A food company and its founder have threatened Costa Rica with a US$200 million ICSID claim over a ban on the import of chicken cuts from Canada and the US among other treaty breaches – which they say have driven the company to the brink of bankruptcy.

Paulsson award overturned after findings of money laundering by Kyrgyz bank

Paulsson award overturned after findings of money laundering by Kyrgyz bank

23 February 2017

A Paris court has set aside an award against Kyrgyzstan issued by a Jan Paulsson-led tribunal, after ruling that the bank at the heart of the dispute had been established by Latvian businessman Valeri Belokon to facilitate money-laundering.

Pey Casado loses barristers set challenge

Pey Casado loses barristers set challenge

22 February 2017

A challenge brought to arbitrators Franklin Berman QC and VV Veeder QC by 101 year-old ICSID claimant Victor Pey Casado based on their membership of a barristers’ chambers used by respondent state Chile in another case has been found to have been raised too late.

Djibouti claim sunk after corruption ruled out

Djibouti claim sunk after corruption ruled out

22 February 2017

UPDATED. The East African state of Djibouti has lost its claim against a Dubai state-owned ports operator after an LCIA tribunal rejected allegations that a concession to operate Africa’s largest container terminal was secured through bribery.

Second wave Yukos tribunal rules on provisional application

Second wave Yukos tribunal rules on provisional application

16 February 2017

One of the second wave of arbitrations arising from the collapse of Yukos has reached a jurisdictional award – with a Geneva-seated tribunal holding that Russia is bound by the provisional application of the Energy Charter Treaty, contrary to the ruling of a Dutch court.

Who is sitting at ICSID?

Who is sitting at ICSID?

16 February 2017

Bahamas-based practitioner Bertha Cooper-Rousseau and three academics from South Korea, Italy and Argentina are hearing their first ICSID cases in the latest round of panels formed at the centre.

Pipeline claim against Jordan unearthed

Pipeline claim against Jordan unearthed

16 February 2017

A merits hearing has recently concluded in a previously unreported US$500 million UNCITRAL claim against Jordan, brought by Turkish and US-owned investors in a water pipeline project, GAR has learned.