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Investment Arbitration

Ecuador faces bid to enforce treaty award in US court

Ecuador faces bid to enforce treaty award in US court

Premium article - 06 March 2017

A Canadian mining company has applied to a US court to enforce a US$25 million investment treaty award against Ecuador – as the state seeks to overturn the award in the Dutch courts.

Czech Republic defeats conspiracy claim

Czech Republic defeats conspiracy claim

Premium article - 03 March 2017

A tribunal at the Permanent Court of Arbitration has rejected a British company’s claim that the Czech Republic engaged in a “conspiracy” that led to the expropriation of its investment in an energy equipment supplier – also refusing to hear claims under umbrella and most-favoured nation clauses.

TransCanada pauses Keystone pipeline dispute with US

TransCanada pauses Keystone pipeline dispute with US

Premium article - 01 March 2017

As was widely predicted, TransCanada and its local subsidiary have paused a US$15 billion NAFTA claim against the US over its refusal to approve the Keystone XL pipeline after the company was invited by US president Donald Trump to renew its application for a permit for the project.

Peru settles port dispute with Maersk

Peru settles port dispute with Maersk

Premium article - 28 February 2017

Peru has settled its ICSID dispute with a subsidiary of Denmark’s Maersk Group over a project to modernise one of the country’s largest ports.

Egypt liable for gas supply termination after pipeline attacks

Egypt liable for gas supply termination after pipeline attacks

Premium article - 28 February 2017

An ICSID tribunal hearing one of four politically sensitive cases arising from pipeline attacks that interrupted Egyptian gas supplies to Israel during the Arab Spring has held Egypt liable for expropriation and other treaty breaches – partly on the basis of an ICC panel’s findings.

Cyprus defeats first claim over bank bailout

Cyprus defeats first claim over bank bailout

Premium article - 27 February 2017

Cyprus has prevailed in the first of several investment treaty claims arising from its debt crisis, after a tribunal at the Stockholm Chamber of Commerce ruled that a haircut imposed on deposits in a Cypriot bank did not amount to unlawful expropriation.

Veeder accused of deliberate omission in yet another Pey Casado challenge

Veeder accused of deliberate omission in yet another Pey Casado challenge

Premium article - 24 February 2017

Spanish newspaper publisher Victor Pey Casado has accused arbitrator VV Veeder QC of deliberate omission in a fresh attempt to disqualify him from an ICSID tribunal hearing a case against Chile filed just two days after a previous challenge failed.

Uruguayan criminal proceedings can continue, rules ICSID tribunal

Uruguayan criminal proceedings can continue, rules ICSID tribunal

Premium article - 24 February 2017

An ICSID tribunal hearing a claim against Uruguay has refused to restrain the state from pursuing criminal proceedings against two of the claimants’ witnesses – who are accused of falsifying certain documents presented in the course of the arbitration.

Costa Rica faces treaty claim over chicken import ban

Costa Rica faces treaty claim over chicken import ban

Premium article - 23 February 2017

A food company and its founder have threatened Costa Rica with a US$200 million ICSID claim over a ban on the import of chicken cuts from Canada and the US among other treaty breaches – which they say have driven the company to the brink of bankruptcy.

Paulsson award overturned after findings of money laundering by Kyrgyz bank

Paulsson award overturned after findings of money laundering by Kyrgyz bank

Premium article - 23 February 2017

A Paris court has set aside an award against Kyrgyzstan issued by a Jan Paulsson-led tribunal, after ruling that the bank at the heart of the dispute had been established by Latvian businessman Valeri Belokon to facilitate money-laundering.