Premium article - 06 February 2013
Croatia has retained Shearman & Sterling to fight the first ICSID claim filed against the state, over the expropriation of a meat processing group.
Premium article - 09 January 2013
An ICSID tribunal has ruled that it lacks jurisdiction to hear a claim brought by the UK’s Standard Chartered Bank against Tanzania in a dispute over a claimed investment in a power plant near Dar es Salaam.
Premium article - 14 December 2012
The past six months have seen the formation of 18 ICSID panels and one conciliation commission, and multiple appointments for Chilean arbitrator Francisco Orrego Vicuña, Australian Zachary Douglas and Costa Rican Rodrigo Oreamuno.
Premium article - 16 November 2012
An UNCITRAL claim brought by London-listed mining company Oxus Gold against Uzbekistan has survived a preliminary jurisdictional challenge, as it is revealed that White & Case has replaced the collapsed Dewey & LeBoeuf as counsel to the state.
Premium article - 02 November 2012
Canada’s Pacific Rim Mining Corporation is to fund the remainder of its ICSID arbitration with El Salvador using the proceeds from a private placement of shares agreed with Australian gold miner OceanaGold.
Premium article - 19 October 2012
Matthew Weiniger and Andrew Cannon of Herbert Smith Freehills in London report on a recent ICSID annulment committee decision affirming the principle that security for costs may only be issued in "extreme circumstances".
Premium article - 05 October 2012
In a keenly anticipated decision, a majority ICSID panel chaired by Canadian Yves Fortier has ordered Ecuador to pay Occidental Petroleum US$1.8 billion - thought to be around US$2.3 billion with interest - for the cancellation of a 30-year oil concession.
Premium article - 25 September 2012
An ICC conference in New York considered arbitration with states and state entities under the institution’s rules and emerging issues in investment arbitration. Louis Russo, associate at the host law firm, Winston & Strawn, reports.
Premium article - 03 September 2012
South Sudan has been an independent state for little more than a year and only signed the ICSID Convention in April – but it is already facing a claim from the national oil company of its northern neighbour, Sudan.
Premium article - 31 July 2012
US energy group Mesa Power has won a battle to obtain discovery from one of its competitors in support of a US$1 billion NAFTA claim against Canada.