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Romania loses to Italy’s Enel

Friday, 29 July 2016

Romania accused Enel of failing to upgrade its power grid in the country

Romania has lost a US$1.2 billion ICC claim it brought against Italian electricity company Enel, described as the country’s largest ever arbitration.

New Romania dispute has echoes of ‘Rompetrol’

Friday, 29 July 2016

Petromidia

Kazakhstan’s state-owned oil and gas company has filed a notice of dispute on Romania after it froze a local subsidiary’s assets in a corruption probe, raising the prospect of a sequel to Rompetrol’s eight-year-long ICSID claim against the state.

Bribery prosecution in Romania triggers ICSID claim

Friday, 29 July 2016

Dan Adamescu

An insurance and media tycoon convicted of bribing judges by the Romanian courts is the victim of a politically motivated campaign that has denied him urgent medical care, it is alleged in a new ICSID claim against the state.

Montenegro wins second ICSID case

Thursday, 28 July 2016

The coast of Montenegro

Montenegro has defeated a €600 million ICSID claim brought by an aluminium company owned by Russian oligarch Oleg Deripaska, after a tribunal ruled that the company’s Cypriot address was phoney and it had failed to establish its status as a foreign investor.

Fortier survives staff benefits challenge

Thursday, 28 July 2016

Yves Fortier QC

An arrangement whereby Yves Fortier's staff receive Norton Rose Fulbright employee benefits is not grounds to question his impartiality, his co-arbitrators have ruled – rejecting Venezuela's sixth attempt to disqualify him from the ConocoPhillips case.

Crystallex less distressed after enforcement in Canada

Thursday, 28 July 2016

Gold

A Toronto court has enforced a US$1.4 billion ICSID award in favour of distressed Canadian mining company Crystallex, which holds that Venezuela expropriated its investment in one of the world’s largest gold deposits.

Dolliver Nelson 1932-2016

Thursday, 28 July 2016

Judge Dolliver Nelson

Dolliver Nelson, the former president of the International Tribunal for the Law of the Sea and arbitrator of a famous maritime dispute between Suriname and Guyana, has died at the age of 84.

Iranian oil award survives Israeli challenge

Wednesday, 27 July 2016

The Israeli port of Eilat on the Red Sea

An Israeli state-owned entity has lost its challenge of a US$1.12 billion award that compensates Iran’s national oil company for crude oil deliveries made just before the Iranian revolution of 1979.

Spanish farming investors sue Venezuela

Wednesday, 27 July 2016

Peaches in an outdoor food market in Venezuela

A Spanish agricultural conglomerate has filed a claim at ICSID against Venezuela over the nationalisation of its operations on the orders of the late president Hugo Chávez.

CAS to have new doping division at Rio Olympics

Wednesday, 27 July 2016

Rio's iconic Maracana football stadium, originally built to host the FIFA World Cup, will host the opening and closing ceremonies of the Olympics

For the first time in the history of the Olympic Games, the Court of Arbitration for Sport is to be in charge of doping-related disputes as a first-instance authority – and has formed a new anti-doping division to handle them.

ICSID claim against St Lucia dismissed

Wednesday, 27 July 2016

St Lucia's twin Pitons at sunrise

US oil company RSM’s US$200 million claim against the Caribbean state of Saint Lucia is at an end after the company failed to pay US$750,000 security for costs, as ordered by the tribunal in an ICSID first.

India found liable in satellite case

Tuesday, 26 July 2016

A takeoff last month from the Satish Dhawan Space Centre, ISRO's headquarters in Andhra Pradesh

UPDATED. A tribunal has found India liable for breaching three Mauritian investors’ treaty rights through the cancellation of a satellite telecoms deal – but partly accepted the state’s defence based on national security interests.

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