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Investment Arbitration

Gearing barred from defending Nissan award in Singapore

Gearing barred from defending Nissan award in Singapore

22 October 2019

Allen & Overy partner Matthew Gearing QC has been denied permission to appear before the Singapore International Commercial Court to help Nissan defend a jurisdictional decision in an investment treaty arbitration against India.

Shell seeks arbitration of Nigerian oil revenue dispute

Shell seeks arbitration of Nigerian oil revenue dispute

21 October 2019

Shell has asked a court in Abuja to grant an injunction to halt Nigeria’s attempts to reclaim US$13 billion in outstanding oil revenues to allow the company to pursue international arbitration.

Panel in place for Peru dispute

Panel in place for Peru dispute

21 October 2019

A tribunal is in place at the Permanent Court of Arbitration to hear a claim brought against Peru by a Lima-based media company and three associated Peruvian nationals.

‘Breached settlement’ leads to new Venezuela claim

‘Breached settlement’ leads to new Venezuela claim

18 October 2019

Two US oilfield services companies that agreed to a US$420 million settlement with Venezuela to end an ICSID dispute seven years ago have filed a fresh claim over the state’s alleged failure to comply with the terms of that deal.

Belgian investor threatens Uruguay with BIT claim

Belgian investor threatens Uruguay with BIT claim

18 October 2019

The Belgian operator of a port terminal has reportedly threatened Uruguay with an investment treaty claim worth several hundred million dollars.

Roadworks award enforced against Kyrgyz ministry

Roadworks award enforced against Kyrgyz ministry

18 October 2019

A Turkish construction company has had an UNCITRAL award against a Kyrgyz ministry enforced by a court in Washington, DC, after conceding it was only worth US$25 million including interest and not US$2 billion as it initially claimed.

Montenegro defeats Deripaska treaty claim

Montenegro defeats Deripaska treaty claim

17 October 2019

An UNCITRAL tribunal has rejected a €600 million investment treaty claim by Russia’s Oleg Deripaska against Montenegro on jurisdictional grounds, dealing another setback to the billionaire in a long-running dispute over an insolvent aluminium smelting plant.

Turkish court continues criminal trial despite ICSID request

Turkish court continues criminal trial despite ICSID request

16 October 2019

A court in Ankara will continue to hear terrorism charges brought against a Turkish businessman despite a recommendation from an ICSID tribunal hearing his company’s US$5 billion claim against Turkey that the case be suspended.

Australian investor withdraws ECT claim against Georgia

Australian investor withdraws ECT claim against Georgia

16 October 2019

An Australian energy company has discontinued its US$24 million Energy Charter Treaty claim against Georgia over the termination of a contract for an oil and gas block.

SNC-Lavalin settles Chilean copper mine dispute

SNC-Lavalin settles Chilean copper mine dispute

15 October 2019

Canadian engineering firm SNC-Lavalin has agreed to settle two arbitrations worth over US$400 million with Chile’s state-owned copper company over a cancelled contract to build acid treatment plants at the world’s largest open pit copper mine.