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Investment Arbitration

Counsel in place for claims against Tanzania

Counsel in place for claims against Tanzania

03 April 2020

Two Australian and Canadian mining companies have turned to the same law firm as they prepare to file investment treaty claims against Tanzania over its revocation of licences for their projects in the country.

Spain tries to topple Tawil

Spain tries to topple Tawil

03 April 2020

Spain has applied to disqualify Argentine arbitrator Guido Tawil from hearing one of the many claims it faces over renewable energy reforms – citing his repeat appointments by investors in such cases and his dissent from decisions where the state has escaped liability.

Panama hit with second treaty claim over canal project

Panama hit with second treaty claim over canal project

02 April 2020

An Italian construction group has made good on a threatened US$2.2 billion ICSID claim against Panama over its work expanding the Panama Canal – the second treaty claim filed over the project which has also given rise to ICC cases worth around US$6 billion.

London court holds first virtual trial in Kazakh enforcement dispute

London court holds first virtual trial in Kazakh enforcement dispute

02 April 2020

In response to the covid-19 coronavirus pandemic, the High Court in London has broadcast a virtual trial on YouTube for the first time in its history – as a group of Moldovan creditors attempt to enforce a US$541 million Energy Charter Treaty award against Kazakhstan.

Canada defeats first BIT claim

Canada defeats first BIT claim

01 April 2020

Canada has prevailed in its first bilateral investment treaty case, defeating an ICSID claim reportedly worth US$1.8 billion brought by an Egyptian telecoms company.

In search of certainty: the Dutch appeal court decision in Yukos

In search of certainty: the Dutch appeal court decision in Yukos

01 April 2020

Simon Rainey QC and Gaurav Sharma of Quadrant Chambers in London consider the legal and practical implications of the recent Hague Court of Appeal decision reinstating the US$50 billion Yukos awards against Russia.

US real estate investor threatens South Korea

US real estate investor threatens South Korea

31 March 2020

South Korea has been threatened with a US$12.8 million investment treaty claim by a US investor over land restrictions that have allegedly blocked plans for a sports complex .

Royalties row leads to claim against Colombia

Royalties row leads to claim against Colombia

30 March 2020

An Australian mining company has filed an ICSID claim against Colombia over attempts by the state’s authorities to retroactively claim more than US$180 million in royalties allegedly owed by its local subsidiary.

UK court blocks funding of ICSID claim

UK court blocks funding of ICSID claim

27 March 2020

The High Court in London has blocked a UK company from funding a US$6 billion ICSID claim against Turkey, finding there was a “seriously arguable” case that the document that provides the jurisdictional basis for the arbitration had been forged.

Hungary challenges intra-EU farming award

Hungary challenges intra-EU farming award

26 March 2020

Hungary has applied to annul a €7 million intra-EU investment treaty award issued by an ICSID panel in favour of a UK farming company – which has recently launched enforcement proceedings in the US.