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Investment Arbitration

Moldova restrained from rescinding airport concession

Moldova restrained from rescinding airport concession

03 August 2020

An SCC emergency arbitrator has ordered Moldova to refrain from terminating a concession to operate the country’s main international airport while it hears an €885 million investment treaty claim against the state.

Venezuela fails to throw out food industry claim

Venezuela fails to throw out food industry claim

03 August 2020

An ICSID tribunal has rejected Venezuela's preliminary objections to a claim over the alleged expropriation of a prominent family’s assets in the country’s food industry – allowing the case to move to the merits.

Kazakhstan defeats claim under Soviet treaty

Kazakhstan defeats claim under Soviet treaty

03 August 2020

Kazakhstan has defeated a US$917 million claim brought by a Canadian joint venture over the termination of a contract for a gold mining enterprise, after a tribunal found the state was not bound by an investment treaty signed by the former Soviet Union.

Miner threatens Mexico with tax claim

Miner threatens Mexico with tax claim

31 July 2020

A US precious metals miner has threatened to bring a US$45 million NAFTA claim against Mexico in a dispute over tax rebates it says are owed to its local subsidiary.

Casino investors warn Chile of potential ICSID claims

Casino investors warn Chile of potential ICSID claims

31 July 2020

A gaming association has warned Chile that a public tender process for casino concessions that it says is illegal could result in multiple ICSID claims.

NAFTA award upheld in Canada

NAFTA award upheld in Canada

31 July 2020

A Canadian court has rejected Mexico’s challenge to a partial award that upheld jurisdiction over a US$450 million NAFTA claim by a group of US investors in the country’s gaming industry.

Imprisoned Chinese businessman files claim against South Korea

Imprisoned Chinese businessman files claim against South Korea

30 July 2020

A Chinese businessman has filed an ICSID claim against South Korea, seeking compensation for the alleged expropriation of his real estate company and court proceedings that led to his imprisonment on charges of fraud and embezzlement.

Georgia sees billion-dollar dispute come into port

Georgia sees billion-dollar dispute come into port

30 July 2020

Georgia is facing parallel ICC and ICSID claims collectively worth more than US$1 billion over its cancellation of a contract to develop a deep-water port.

Greece held liable over shipyard seizure

Greece held liable over shipyard seizure

29 July 2020

An ICSID tribunal has found Greece liable for the seizure of one of the country’s largest shipyards and several submarines – but dismissed several claims it said had already been ruled on in two previous ICC arbitrations.

Maduro government fails to dislodge Conoco committee

Maduro government fails to dislodge Conoco committee

28 July 2020

The government of Nicolás Maduro in Venezuela has failed to disqualify all three members of an ICSID annulment committee reviewing a US$9 billion award in favour of ConocoPhillips – after they refused to exclude lawyers instructed by the country’s opposition leader Juan Guaidó from the case.