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.
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 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.
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.
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.
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.
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.
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.