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Investment Arbitration

Costa Rica narrows claim over turtle sanctuary

Costa Rica narrows claim over turtle sanctuary

Premium article - 27 October 2016

An UNCITRAL tribunal has declined to hear 15 out of 26 claims brought against Costa Rica over land seized to expand a leatherback turtle sanctuary, after the state argued they were either out of time or pre-dated the Central America Free Trade Agreement.

Did Russia crow too soon? Hague court to decide whether to split Yukos appeal  next year

Did Russia crow too soon? Hague court to decide whether to split Yukos appeal next year

Premium article - 27 October 2016

The judges who will hear the appeal against the set-aside of the Yukos awards have overridden the ruling of a docket judge declared a procedural victory by Russia and indicated they will not decide whether to split the appeal until a hearing in mid-January.

Rusal files ICSID claim against Ukraine

Rusal files ICSID claim against Ukraine

Premium article - 26 October 2016

UPDATED. After a series of investment treaty claims brought by Ukrainian investors against Russia in the wake of the annexation of Crimea, two subsidiaries of Russian aluminium giant Rusal have filed an ICSID claim against Ukraine.

Who is sitting at ICSID?

Who is sitting at ICSID?

Premium article - 26 October 2016

A Canadian sports law expert who reported on Russian state-sponsored doping at the Sochi Winter Olympics has received his first appointment as an ICSID arbitrator in recent weeks, along with a former Covington & Burling partner and a Zambian professor at Cornell Law School.

Third parties collect on Argentina’s treaty awards

Third parties collect on Argentina’s treaty awards

Premium article - 26 October 2016

Argentina has made good on its promise to settle two investment treaty awards, paying out more than US$200 million in bonds to third parties that purchased the rights to the claims.

Defeated ICSID claimant probes Chile’s ties to arbitrators’ chambers

Defeated ICSID claimant probes Chile’s ties to arbitrators’ chambers

Premium article - 25 October 2016

Victor Pey Casado, the 101-year-old Spanish publisher whose two-decade ICSID claim against Chile ran aground last month, has asked the state to disclose its ties to the London barristers’ chambers of two of the arbitrators who denied him compensation for the loss of his business under the Pinochet regime.

France warned of treaty claim over Yukos asset seizures

France warned of treaty claim over Yukos asset seizures

Premium article - 24 October 2016

Russia’s former space agency Roscosmos and its partners have threatened to bring an investment treaty claim against France over the seizure of €300 million in funds that are the target of enforcement efforts by the former majority shareholders of Yukos.

Telecoms investors take on Mexico

Telecoms investors take on Mexico

Premium article - 24 October 2016

Two US businessmen and their telecoms company have lodged a US$500 million NAFTA claim against Mexico, alleging that a regulatory body unjustifiably reversed a decision on interconnection rights to favour the local monopolist.

Venezuela faces new enforcement action in DC

Venezuela faces new enforcement action in DC

Premium article - 21 October 2016

Nearly two months after it won US$1.2 billion in a third-party funded ICSID claim against Venezuela, Canadian mining company Rusoro has applied to a court in Washington, DC, to have the award enforced.

Russia faces US$2.6 billion claim over losses in Crimea

Russia faces US$2.6 billion claim over losses in Crimea

Premium article - 20 October 2016

Ukraine’s national energy company Naftogaz and six of its subsidiaries have filed a US$2.6 billion investment treaty claim against Russia over the seizure of assets in Crimea following the Russian annexation of the peninsula in 2014 – making good on a threat reported by GAR in February.