Premium article - 16 March 2015
The Swiss government has instructed external counsel to defend it against a potential ICSID claim by two Turkish nationals, possibly the first investment treaty claim the state has faced.
Premium article - 27 February 2015
The IBA International Arbitration Day in Washington, DC, today marks 50 years of ICSID, created through the Washington (or ICSID) Convention of 1965.
Premium article - 24 February 2015
As ICSID celebrates the 50th anniversary of its creation this week, a former acting secretary general of the centre, Nassib Ziadé, says it’s time to talk about some of its problems – including flawed appointment processes and a lack of guidance on arbitrator challenges.
Premium article - 13 February 2015
An SCC panel has dismissed a Ukrainian state entity’s Energy Charter Treaty claim against Moldova.
Premium article - 09 February 2015
Eight new panels have been formed at ICSID since the start of this year, including for claims against Mozambique, Senegal and Guinea.
Premium article - 20 January 2015
An ICSID tribunal has dismissed a US$41 billion claim against Peru after finding that one of the claimants had transferred shares with the sole purpose of internationalising what would have been a domestic dispute.
Premium article - 18 December 2014
In an award that both sides are hailing as a victory, an UNCITRAL panel has found that Indonesia’s criminal prosecution of a Saudi investor breached international law but that his negligence in supervising a bailed-out bank means he is not entitled to treaty protection.
Premium article - 17 December 2014
A UAE-led oil consortium has applied to the English courts to enforce an interim order worth US$100 million issued by an LCIA tribunal against Iraqi Kurdistan.
Premium article - 12 December 2014
In recent weeks, Weil Gotshal & Manges partner Arif Hyder Ali has received his first arbitrator appointment at ICSID, while Philippe Sands QC has joined three new panels and Brigitte Stern’s pending caseload at the centre has risen to 24.
Premium article - 25 October 2014
An ICSID decision awarding security for costs to the Caribbean island of St Lucia saw Gavan Griffith QC highlight the problem of litigation funders sharing the benefits of successful arbitration claims, while not bearing the adverse costs consequences should the claim fail. Alison Ross reports