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Investment Arbitration

ICSID committee rebuffs Guaidó

ICSID committee rebuffs Guaidó

10 May 2019

An ICSID committee has rejected arguments by the special attorney general appointed by Venezuela’s opposition leader Juan Guaidó that lawyers instructed by the government of President Nicolás Maduro no longer have authority to represent the state in an annulment proceeding.

Volterra Fietta names counsel

Volterra Fietta names counsel

10 May 2019

Álvaro Nistal, who helped to win a US$500 million ICSID award against Venezuela and has acted as counsel for states before the International Court of Justice, has been promoted to counsel at public international law boutique Volterra Fietta in London.

Bulgarian investor brings claim against Serbia

Bulgarian investor brings claim against Serbia

08 May 2019

A Bulgarian investor in an underwater mine has brought an ICSID claim against Serbia over the termination of a privatisation agreement nearly a decade ago.

Dual nationals win damages in Venezuela claim

Dual nationals win damages in Venezuela claim

08 May 2019

Two Spanish-Venezuelan nationals have won US$367 million in a treaty claim against Venezuela over the expropriation of their food businesses – after a jurisdictional skirmish led them to withdraw part of their claims.

London disputes week gets underway

London disputes week gets underway

07 May 2019

The inaugural London International Disputes Week (LIDW) has got underway, with a full day of events followed by an opening drinks reception at Banking Hall.

Funder’s role in failed ICSID claim comes to light

Funder’s role in failed ICSID claim comes to light

07 May 2019

An ICSID case that left an unsuccessful claimant saddled with a US$6 million adverse costs award was financed by Australia-based disputes funder IMF Bentham, GAR has confirmed.

ICSID committee affirms power to order security for costs

ICSID committee affirms power to order security for costs

07 May 2019

An ICSID annulment committee has ruled that a tribunal did not exceed its authority in ordering a third-party funded claimant to post security for costs or discontinuing the arbitration when the claimant failed to comply – but went too far in dismissing the claim with prejudice.

Corruption probe triggers treaty threat against Kyrgyzstan

Corruption probe triggers treaty threat against Kyrgyzstan

03 May 2019

A Lithuanian printing house has threatened Kyrgyzstan with a treaty claim after state authorities accused it of bribing officials to win a tender for the production of biometric passports.

Guaidó calls on ICSID to take sides

Guaidó calls on ICSID to take sides

02 May 2019

The special attorney general acting for Venezuela's opposition leader Juan Guaidó has renewed his call for ICSID not to accept any submissions from representatives of the embattled regime of Nicolás Maduro – insisting that the issue of who legitimately represents the state in cases before the centre is not within the power of individual tribunals to decide.

Argentina faces claim over pension funds

Argentina faces claim over pension funds

01 May 2019

A Dutch insurer has filed an ICSID claim against Argentina over the state’s decision to nationalise nearly US$30 billion in private pension funds a decade ago.