• Search

Investment Arbitration

Oil companies fight Oxy for share of ICSID award

Oil companies fight Oxy for share of ICSID award

27 February 2019

Houston-based Occidental Petroleum has failed in a bid to restrain Canadian oil and gas company Encana from pursuing claims against it in an ICDR arbitration over rights to the proceeds of a billon-dollar ICSID award against Ecuador.

Annulment of investment treaty awards

26 February 2019

A London seminar organised by the BIICL Investment Treaty Forum and Baker Botts considered the annulment of investment treaty awards, with a particular focus on intra-EU arbitration in the wake of Achmea. Laura Vengoechea and James Penrose of Baker Botts in London report.

Mexico faces claims from oil and hotel investors

Mexico faces claims from oil and hotel investors

26 February 2019

A NAFTA tribunal has begun hearing a US$700 million claim against Mexico brought by a group of US investors in an oil services business, as the state faces two other treaty disputes worth a combined US$95 million relating to hotel properties in a coastal town expropriated in dramatic circumstances.

Venezuela’s rival governments clash in US court

Venezuela’s rival governments clash in US court

26 February 2019

A US court hearing Venezuela’s appeal against the enforcement of a US$1.4 billion investment treaty award has agreed to stay the proceedings at the request of lawyers representing Juan Guaidó, the opposition leader recognised by the US government as Venezuela’s legitimate president – as the embattled government of President Nicolás Maduro insists it still has the right to participate in the case.

Guinea settles mining bribery case

Guinea settles mining bribery case

25 February 2019

BSG Resources, the Guernsey mining company founded by Israeli billionaire Beny Steinmetz, has reportedly agreed a settlement with Guinea to end a US$5 billion ICSID claim over iron ore mining rights that the west African state alleged were procured through bribery.

Quarry investors denied lost profits in NAFTA claim

Quarry investors denied lost profits in NAFTA claim

25 February 2019

A NAFTA tribunal has dismissed the bulk of a US$443 million damages claim against Canada brought by a group of US investors whose bid to build a controversial quarry and marine terminal in the province of Nova Scotia was blocked by an environmental review panel.

Swedish court upholds intra-EU BIT award

Swedish court upholds intra-EU BIT award

22 February 2019

The Svea Court of Appeal has largely upheld a pair of SCC awards worth €176 million in favour of a Luxembourgish entity against Poland, ruling that the state had left it too late to raise objections based on the incompatibility of intra-EU bilateral investment treaties with EU law.

Austrian businessman takes on Tajikistan

Austrian businessman takes on Tajikistan

22 February 2019

UPDATED: An Austrian cotton investor has filed a claim against Tajikistan at ICSID after a state-owned bank refused to comply with a US$20 million commercial arbitration award.

Ukraine faces treaty claim over gambling ban

Ukraine faces treaty claim over gambling ban

22 February 2019

An Estonian company is pursuing a €40 million treaty claim against Ukraine at the Permanent Court of Arbitration, alleging that a decade-old gambling ban resulted in the collapse of its casino business.

White & Case defeats Yukos discovery bid

White & Case defeats Yukos discovery bid

21 February 2019

The former majority shareholders in Yukos Oil Company have failed in their renewed bid to subpoena White & Case and its chairman Hugh Verrier for evidence in support of efforts to reinstate arbitral awards against Russia worth a combined US$50 billion.