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Investment Arbitration

BREAKING: Dutch appeal court reinstates US$50 billion Yukos awards

BREAKING: Dutch appeal court reinstates US$50 billion Yukos awards

18 February 2020

The Hague Court of Appeal has reinstated three Energy Charter Treaty awards requiring Russia to pay US$50 billion to the former majority shareholders of Yukos for the expropriation of the oil company.

Dominican sugar venture triggers PCA claim

Dominican sugar venture triggers PCA claim

17 February 2020

A tribunal at the Permanent Court of Arbitration is in place to hear a claim brought against the Dominican Republic by Spanish investors in a sugar venture.

Second BIT claim over Ukrainian refinery gets green light

Second BIT claim over Ukrainian refinery gets green light

17 February 2020

An UNCITRAL tribunal has agreed to hear a US$300 million treaty claim brought by a ministry of the Russian republic of Tatarstan against Ukraine over the seizure of the country’s largest oil refinery – events that have already given rise to an award worth over US$112 million.

Rees survives second challenge in Spain solar case

Rees survives second challenge in Spain solar case

17 February 2020

Spain has failed in another bid to disqualify UK arbitrator Peter Rees from hearing an Energy Charter Treaty claim over the state’s renewable energy reforms, based on his successful removal by the European Union in another ECT case.

Czech challenge to solar award fails in Switzerland

Czech challenge to solar award fails in Switzerland

14 February 2020

The Swiss Federal Supreme Court has rejected the Czech Republic’s interim challenge to an investment treaty award that held the state liable for reforms to its solar power sector, clearing the way for the arbitration to proceed to the damages phase.

Uzbekistan challenges award over shopping mall seizure

Uzbekistan challenges award over shopping mall seizure

13 February 2020

Uzbekistan has applied to annul a US$40 million ICSID award that held it liable for expropriating a shopping mall owned by Turkish investors.

Telecoms investors accuse Georgia of extortion

Telecoms investors accuse Georgia of extortion

13 February 2020

UPDATED WITH COUNSEL. Two US investors in Georgia’s largest telecoms group have filed an ICSID claim against the state, accusing the former government of arresting and extorting the company’s founder on politically motivated charges.

MoloLamken promotes in DC

MoloLamken promotes in DC

12 February 2020

US disputes boutique MoloLamken has promoted former LCIA deputy registrar Rémy Gerbay to partner in Washington, DC.

Tanzania proposes arbitration reforms amid investor backlash

Tanzania proposes arbitration reforms amid investor backlash

12 February 2020

The government of Tanzania has proposed a number of long-awaited reforms to its arbitration act, including the creation of a new arbitral institution – as the country responds to an investor backlash to its regulatory regime that has led to several investment treaty claims.

Peru pollution claims revived at PCA

Peru pollution claims revived at PCA

12 February 2020

A tribunal at the Permanent Court of Arbitration has begun hearing parallel treaty and contract claims against Peru relating to environmental pollution in the Andes, four years after the dismissal of an earlier case administered by ICSID.