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Investment Arbitration

Exxon and Shell can’t enforce annulled Nigerian oil award

Exxon and Shell can’t enforce annulled Nigerian oil award

05 September 2019

A US court has refused to allow ExxonMobil and Shell to enforce a US$2.7 billion award against the Nigerian National Petroleum Corporation that was set aside at the seat of arbitration in Nigeria.

Dominican Republic defeats claim by dual nationals

Dominican Republic defeats claim by dual nationals

05 September 2019

A DR-CAFTA tribunal has declined jurisdiction over a US$41.5 million claim against the Dominican Republic brought by two US-Dominican dual nationals who were denied permission to expand a real estate project within a protected national park.

Kosovo faces claim over marble quarry

Kosovo faces claim over marble quarry

05 September 2019

A UK company that quarries and processes marble has launched a €195 million treaty claim against Kosovo in a dispute over its attempts to purchase two local businesses.

Poland seeks set aside of US hedge fund’s award

Poland seeks set aside of US hedge fund’s award

04 September 2019

Poland is challenging a US$10 million treaty award won by a subsidiary of US hedge fund manager Elliott Management – as the state settles another award in favour of an Indian investor.

Enforcement of Spain solar award stayed in US and Australia

Enforcement of Spain solar award stayed in US and Australia

04 September 2019

Following a request by the award creditors, courts in the US and Australia have agreed to stay enforcement of a €101 million Energy Charter Treaty award against Spain while an ICSID ad hoc committee rules on the state’s annulment application.

UN committee upholds jurisdiction over Qatar discrimination claims

UN committee upholds jurisdiction over Qatar discrimination claims

04 September 2019

Leading arbitration practitioners will fight two ground breaking human rights cases after a United Nations committee agreed to hear complaints brought by Qatar against Saudi Arabia and the United Arab Emirates over their blockade of the country – which it says violates a treaty against racial discrimination.

Bolivia settles dispute over silver mine

Bolivia settles dispute over silver mine

30 August 2019

Canada’s TriMetals Mining has reached a US$26 million settlement with Bolivia to satisfy an investment treaty award that held the state liable for nationalising a silver mining project targeted by protests from indigenous communities.

Hochtief withdraws ICSID claim against Saudi Arabia

Hochtief withdraws ICSID claim against Saudi Arabia

30 August 2019

German construction company Hochtief has discontinued an ICSID claim against Saudi Arabia over the cancellation of a €1.3 billion contract to expand an international airport in Riyadh.

Emergency arbitrator restrains Ukraine’s auction of bank shares

Emergency arbitrator restrains Ukraine’s auction of bank shares

28 August 2019

COUNSEL LIST UPDATED: A Russian state-owned development bank says it has obtained an SCC emergency arbitrator decision restraining Ukraine from selling its shares in a local subsidiary – while a Ukrainian state entity launches its own treaty claim against Russia.

Glencore obtains first treaty award against Colombia

Glencore obtains first treaty award against Colombia

28 August 2019

An ICSID tribunal has ordered Colombia to repay a US$19 million fine it imposed on Swiss commodities trader Glencore over mining royalties – at the same time rejecting alternative claims worth US$600 million and the state's allegations of corruption.