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Investment Arbitration

Lithuania can't revive billion-euro claim against Gazprom

Lithuania can't revive billion-euro claim against Gazprom

24 February 2020

The Supreme Court of Sweden has declined to hear Lithuania’s petition to revive a €1.4 billion SCC claim it brought against Russia’s Gazprom over allegedly unfair gas prices.

Spain solar awards enforced in Australia

Spain solar awards enforced in Australia

24 February 2020

An Australian court has enforced a pair of ICSID awards worth a combined €229 million plus interest in favour of European solar power investors against Spain, rejecting the state’s sovereign immunity defence.

Rio Tinto brings tax claim against Mongolia

Rio Tinto brings tax claim against Mongolia

21 February 2020

A subsidiary of Anglo-Australian mining group Rio Tinto has made good on a threatened contractual claim against Mongolia, saying it was wrongly handed a US$155 million tax bill for its operations at one of the world’s largest copper and gold mines.

Cocorico! – French approach to the OIC Treaty gives cause to crow

Cocorico! – French approach to the OIC Treaty gives cause to crow

21 February 2020

Hamid Gharavi of Derains & Gharavi in Paris explains how French arbitration law and courts enable parties instituting arbitrations under the OIC treaty to avoid a denial of justice.

Egyptian authority liable over cancelled port project

Egyptian authority liable over cancelled port project

20 February 2020

A Kuwaiti-led consortium has won over US$490 million in an ICC claim against an Egyptian state authority over a terminated concession for a container terminal facility at the port of Damietta – a dispute that has also given rise to a threatened treaty claim.

Chinese investor threatens Ecuador over stalled mining project

Chinese investor threatens Ecuador over stalled mining project

20 February 2020

A Chinese mining company has threatened Ecuador with a US$480 million treaty claim after its gold and silver project was hit by protests from community activists and its operations halted under a local court order.

Mauritius defeats treaty claim over UNESCO site

Mauritius defeats treaty claim over UNESCO site

19 February 2020

A majority ICSID tribunal has rejected a €70 million claim brought against Mauritius by UK real estate investors, after they were prevented from building a tourist resort in a region later named a UNESCO World Heritage Site commemorating resistance against slavery.

Tobacco maker threatens Ukraine with treaty claim

Tobacco maker threatens Ukraine with treaty claim

19 February 2020

Ukraine is facing a potential investment treaty claim from a UK tobacco manufacturer who was fined along with four other companies for conspiring to monopolise the country’s cigarette market.

UK Supreme Court lifts stay of Micula award

UK Supreme Court lifts stay of Micula award

19 February 2020

The UK Supreme Court has ruled that Sweden’s Micula brothers are entitled to enforce an ICSID award worth €300 million against Romania even though it is the subject of a pending state aid investigation by the European Commission.

Russia reels as Yukos awards are revived

Russia reels as Yukos awards are revived

18 February 2020

The former majority shareholders in Yukos are celebrating a “victory for the rule of law” after today's ruling by a Dutch appeal court reinstating three Energy Charter Treaty awards worth US$50 billion against Russia.