Another ICSID creditor eyes PDVSA assets

A Dutch subsidiary of US bottlemaker Owen-Illinois has become the latest of Venezuela’s arbitral creditors to target the US assets of the state’s national oil and gas company PDVSA, in a bid to collect on a US$500 million ICSID award.

European Parliament approves EU-Singapore trade deal

The European Parliament has voted to approve free trade and investment protection agreements between EU and Singapore, including provisions for an “investment court system” that the European Commission views as a stepping stone towards multilateral reform of investor-state dispute settlement.

Venezuela wins appeal in dual nationals case

The French Court of Cassation has overturned a decision to partially annul an investment treaty award in favour of two dual nationals against Venezuela, following a complaint by the state that the award ought to have been annulled in full.

Counsel in place for new Crimea claim

A Ukrainian state-owned electricity company has instructed external counsel for a much-trailed investment treaty claim against Russia over assets expropriated following the annexation of Crimea five years ago.
Hungarian firm promotes new disputes head

Miklós Boronkay – who recently helped a French investor prevail in an ICSID claim against Hungary – has been promoted to partner and head of dispute resolution at Szecskay Attorneys at Law in Budapest.
SIAC appoints new South Asia head

The Singapore International Arbitration Centre has appointed Indian lawyer Shwetha Bidhuri as its new South Asia head based in Mumbai.

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Editor's picks

EU court adviser endorses ISDS in CETA

An advocate general of the Court of Justice of the European Union has advised that the investor-state dispute settlement provisions in the EU-Canada free trade agreement known as CETA are compatible with EU law.

Arbitrators convicted in Egypt over “sham” award

UPDATED WITH DECISION: An Egyptian criminal court has convicted three arbitrators and two employees of an arbitral institution in Cairo in connection with the issuance of a US$18 billion award against Chevron – following a criminal complaint by the US oil company that the arbitration was a “sham”.

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