• Search

Investment Arbitration

Real estate investors take Colombia to ICSID

Real estate investors take Colombia to ICSID

18 April 2019

US investors have lodged a US$250 million ICSID claim against Colombia over the seizure of a real estate development in the wake of allegations the site had been used for criminal activities.

Venezuela fails to annul Caribbean airport award

Venezuela fails to annul Caribbean airport award

18 April 2019

An ICSID annulment committee has upheld a US$36 million award that held Venezuela liable for expropriation and denial of justice in a dispute over a Caribbean airport.

Tanzania hit with claim by owner of sanctioned bank

Tanzania hit with claim by owner of sanctioned bank

17 April 2019

One of the former owners of a bank in Tanzania that was shut down after US authorities accused it of money laundering has launched an ICSID claim against the east African state – months after losing a treaty claim against Cyprus.

Russia ordered to pay for petrol stations seized in Crimea

Russia ordered to pay for petrol stations seized in Crimea

16 April 2019

A group of Ukrainian oil and gas companies have won around US$80 million plus interest and costs in a pair of investment treaty claims against Russia over petrol stations and related assets in Crimea that were expropriated following Russia’s annexation of the territory in 2014.

Dutch Supreme Court sides with Chevron

Dutch Supreme Court sides with Chevron

16 April 2019

As Ecuador challenges an UNCITRAL award that held it liable for denying justice to Chevron in a dispute over environmental contamination in the Amazon, the Dutch Supreme Court has upheld a set of earlier awards issued in the same high-profile arbitration.

Pakistan gets limited discovery from law firm

Pakistan gets limited discovery from law firm

15 April 2019

A US court has refused to order Arnold & Porter Kaye Scholer to hand over records to Pakistan for use in an application to annul an US$850 million ICSID award but has directed the law firm to answer questions as to where the material is and how it is stored.

Dutch national wins moral damages against Vietnam

Dutch national wins moral damages against Vietnam

15 April 2019

An UNCITRAL tribunal has ordered Vietnam to pay US$45 million including moral damages and costs to one of its former nationals who was imprisoned and stripped of his assets two decades ago – with the investor reportedly having claimed around US$1.25 billion in the case.

Georgian businessman gets emergency relief in Stockholm

Georgian businessman gets emergency relief in Stockholm

12 April 2019

A businessman who accused senior figures in Georgia’s ruling party of corruption has obtained an SCC emergency arbitrator order requiring the state to refrain from selling attached assets belonging to his tobacco business.

Croatia held liable but avoids damages in postal case

Croatia held liable but avoids damages in postal case

12 April 2019

An ICSID tribunal has found Croatia liable for failing to protect a Dutch entity’s investment in a now-defunct postal services enterprise, while declining to grant any of the more than €53 million in damages sought.

Bulgaria sees off intra-EU claim

Bulgaria sees off intra-EU claim

12 April 2019

An ICSID tribunal has rejected an Austrian energy group’s €850 million claim against Bulgaria relating to electricity pricing and renewable energy regulation, but the company says that part of its claim was offset by a settlement with a state-owned entity two years ago.