• Search

Investment Arbitration

Slovakian mining dispute revived at ICSID

Slovakian mining dispute revived at ICSID

16 January 2018

After being defeated on jurisdiction in an ICSID case last year, US energy company EuroGas says it is submitting a fresh claim against Slovakia over revoked rights to one of the world’s largest talc deposits that it now estimates to be worth up to €22 billion. Its Canadian co-claimant is seeking to annul the last decision.

Mexico signs ICSID Convention

Mexico signs ICSID Convention

12 January 2018

With the future of NAFTA and its investor-state dispute settlement provisions looking uncertain, Mexico has opted for what one practitioner describes as "plan B": signing the ICSID Convention.

Guatemalan arbitrator faces trio of challenges from Venezuela

Guatemalan arbitrator faces trio of challenges from Venezuela

11 January 2018

Venezuela has challenged Guatemalan arbitrator Álvaro Castellanos Howell in three active annulment proceedings the state faces at ICSID because of his alleged criticism of the state’s judicial system.

Latvia to pay after five-year ICSID case

Latvia to pay after five-year ICSID case

10 January 2018

A case that was touted at its outset as a test case for ICSID’s effectiveness at resolving cases at the lower end of the quantum spectrum has ended after five years, with a tribunal issuing a 351-page award ordering Latvia to pay €3.7 million to a Lithuanian energy company in a dispute over the nationalisation of a heating and hot water supply system.

Kazakhstan faces multibillion-dollar asset freeze

Kazakhstan faces multibillion-dollar asset freeze

09 January 2018

A Dutch court has refused to lift an attachment on US$5.2 billion in assets held by a Kazakhstan sovereign wealth fund – as the state fights to unblock a further US$22.6 billion frozen as a result of enforcement efforts by an arbitral creditor.

Panama tyre dispute leads to milestone trademark ruling

Panama tyre dispute leads to milestone trademark ruling

05 January 2018

In what is thought to be the first decision of its kind, an ICSID tribunal has recognised that trademark licences can qualify for protection under an investment treaty – ruling that a claim by two US subsidiaries of Japanese tyre maker Bridgestone against Panama can continue.

PDVSA company wins appeal over transfer of US assets

PDVSA company wins appeal over transfer of US assets

04 January 2018

A Delaware appeal court has ruled that a US subsidiary of Venezuela’s national oil and gas company PDVSA did not commit a “fraudulent transfer” when it moved US$2.8 billion of assets out of the United States in an alleged bid to evade the country’s ICSID creditors.

East Timor defeats ICSID claim

East Timor defeats ICSID claim

04 January 2018

An Australian energy company has had its ICSID claim against East Timor thrown out, as it emerges that the state accused the claimant of relying on “fabricated” emails to establish jurisdiction.

ICSID registers claims against Eastern European states and Ivory Coast

ICSID registers claims against Eastern European states and Ivory Coast

04 January 2018

New claims are under way at ICSID against Hungary, Macedonia and Latvia and the West African state of Ivory Coast, all registered in the last weeks of 2017.

Oil investors bring ICSID claim against Nicaragua

Oil investors bring ICSID claim against Nicaragua

03 January 2018

Nicaragua is facing its first ICSID claim in more than a decade, lodged by a group of US investors over the alleged expropriation of a hydrocarbon concession.