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Investment Arbitration

New chair in place for Chevron v Ecuador case

New chair in place for Chevron v Ecuador case

21 May 2020

Albert Jan van den Berg has been appointed to chair a tribunal hearing a US$9.5 billion dispute between Chevron and Ecuador over environmental contamination in the Amazon, replacing the recently deceased VV Veeder QC.

Turkish investor discontinues Uzbekistan claim

Turkish investor discontinues Uzbekistan claim

21 May 2020

A Turkish electrical services company has discontinued its ICSID claim against Uzbekistan over its investment in the domestic gas market, despite the tribunal having found the state liable.

Kazakhstan’s request for new fraud trial rebuffed in Sweden

Kazakhstan’s request for new fraud trial rebuffed in Sweden

21 May 2020

The Swedish Supreme Court has refused to hear fresh allegations by Kazakhstan that a US$543 million Energy Charter Treaty award won by Moldovan investors Anatolie and Gabriel Stati was obtained by fraud.

Enforcement of Micula award upheld in US

Enforcement of Micula award upheld in US

20 May 2020

A US appeals court has upheld a decision to enforce the Micula brothers’ US$356 million ICSID award against Romania, affirming that the underlying agreement to arbitrate was not nullified by the country’s accession to the European Union.

Owner of scandal-hit bank brings claim against Colombia

Owner of scandal-hit bank brings claim against Colombia

20 May 2020

The Spanish owner of a Bogotá bank that was liquidated by Colombian authorities following a criminal investigation into its handling of customers’ savings has launched an ICSID claim against the state.

Hobér survives challenge in solar case

Hobér survives challenge in solar case

19 May 2020

Spain has failed to unseat Kaj Hobér from an Energy Charter Treaty claim by a German solar investor, with the challenge decided by the chair of ICSID’s administrative council after his co-panellists were divided on the disqualification bid.

No ISDS in draft UK-EU agreement

No ISDS in draft UK-EU agreement

19 May 2020

The UK has released the draft working text of its free trade agreement with the European Union – which does not appear to contain any mechanism for investor-state dispute settlement.

Setback for Ukraine in treaty award enforcement challenge

Setback for Ukraine in treaty award enforcement challenge

19 May 2020

A US court has blocked Ukraine from pleading new grounds as it opposes enforcement of a US$112 million investment treaty award in favour of Russian oil and gas producer Tatneft.

Romania faces claim over renewables project

Romania faces claim over renewables project

19 May 2020

A Cypriot renewable energy company has launched an ICSID claim against Romania over a wind farm near the Black Sea.

UK investor pursues PCA claim against China

UK investor pursues PCA claim against China

18 May 2020

A UK national is pursuing an investment claim against China at the Permanent Court of Arbitration, it has emerged.