Premium article - 29 March 2011
Recent ad hoc committees have overstepped their authority but the harm they have done to the ICSID system should not be exaggerated, a conference in Washington, DC, heard last week.
Premium article - 18 March 2011
The claimant in an abandoned ICSID case against Romania is suing the third-party funder that helped to finance the claim, leaked court documents have revealed.
Premium article - 08 February 2011
Venezuela could soon be facing billion-dollar ICSID claims by successive operators of the same mining project - one of the largest gold deposits in Latin America.
Premium article - 25 January 2011
Matthew Weiniger and Christian Leathley, of Herbert Smith LLP in London, report on the recent examination of Venezuela’s foreign investment law as a basis for ICSID jurisdiction in Cemex v Venezuela.
Premium article - 30 November 2010
ICSID has announced the ad hoc committee that will hear annulment proceedings brought by the west African state of Togo against French energy company GDF-Suez.
Premium article - 26 November 2010
In the same week that Ecuador signed new contracts with five international oil companies waiving their right to resolve disputes at ICSID, Venezuela is contemplating a ban on the use of arbitration clauses in state contracts for the oil and gas services sector.
Premium article - 01 September 2010
A recent decision in the longrunning case of Sempra Energy v Argentina saw an ad hoc ICSID committee annul the tribunal’s award on the basis that the tribunal had manifestly exceeded its powers. Matthew Weiniger and Ruth Byrne of Herbert Smith LLP report
Premium article - 11 August 2010
Ecuador looks set to withdraw from its bilateral investment treaties with the UK and Germany after a court ruled that they are unconstitutional - and observers warn that BITs with more than a dozen other countries could go the same way.
Premium article - 11 June 2010
A district court in Washington, DC, has denied Argentina's request to set aside two UNCITRAL awards in favour of UK energy companies BG Group and National Grid, both arising from emergency measures during the country's 2002 debt crisis.
Premium article - 30 April 2010
Two new arbitration claims have been filed at ICSID against Venezuela and Bolivia relating to oil and gas expropriations.