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Investment Arbitration

ICSID claim filed against Papua New Guinea

ICSID claim filed against Papua New Guinea

01 August 2017

Puma Energy, a Singaporean company owned by Trafigura and Angola's state oil company Sonangol that filed a claim against Benin early last month, has now brought a claim against Papua New Guinea following a disagreement over taxes owed for crude oil production.

Tribunal wraps tortilla makers' treaty claim

Tribunal wraps tortilla makers' treaty claim

28 July 2017

Two Spanish subsidiaries of Mexican food group Gruma have won nearly half a billion dollars from Venezuela in an ICSID dispute over the expropriation of their tortilla and corn flour production businesses.

Spain seeks to overturn ECT defeat

Spain seeks to overturn ECT defeat

27 July 2017

UPDATED Spain is seeking to annul a €128 million Energy Charter Treaty award which marks its only defeat so far in the legion of claims it faces over reforms to its renewable energy sector - including by alleging a possible conflict of interest on the part of arbitrator Stanimir Alexandrov.

Colombia wins telecoms award as treaty claims loom

Colombia wins telecoms award as treaty claims loom

26 July 2017

Colombia has been awarded US$1.4 billion in a claim against two telecoms groups that has given rise to two investment treaty disputes - including one that has gone previously unreported.

ICSID creditor takes award from New York to DC

ICSID creditor takes award from New York to DC

26 July 2017

US oil services group Tidewater has asked a court in Washington, DC, to enforce an ICSID award against Venezuela, after a Second Circuit ruling cast a shadow over the recognition of the same award in New York.

Uruguay faces new treaty claim over mining project

Uruguay faces new treaty claim over mining project

25 July 2017

A mining company owned by Indian magnate Pramod Agarwal has threatened to file an investment treaty claim against Uruguay over an iron ore project.

Burford lands big win in airlines case

Burford lands big win in airlines case

24 July 2017

An ICSID tribunal has ordered Argentina to pay more than US$320 million plus interest for nationalising two airlines more than a decade ago - with the claimants' third-party funder Burford Capital set to receive around US$140 million from the award.

Kosovo faces second ICSID claim

Kosovo faces second ICSID claim

24 July 2017

Kosovo is facing its second ICSID claim - brought by a Swiss construction company owned by the former president of the disputed territory in a dispute over the acquisition of shares in a tourism venture.

White & Case fined over conflict of interest in oligarch dispute

White & Case fined over conflict of interest in oligarch dispute

20 July 2017

White & Case has been fined £250,000 in the UK for failing to identify a conflict of interest in a US$2 billion dispute over Ukrainian iron assets - while a senior arbitration partner known for Russia-related work was personally fined £50,000 for his role.

Uzbekistan faces ICSID claim in textiles dispute

Uzbekistan faces ICSID claim in textiles dispute

20 July 2017

Three Turkish investors in a textile enterprise have brought an ICSID claim against Uzbekistan, one of the world's largest producers of cotton, after it allegedly reneged on a promise to sell at discounted prices.