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Spain offers incentives to end renewables claims

Spain offers incentives to end renewables claims

22 November 2019

Spain has approved a law which aims to end US$7.3 billion in pending treaty claims over renewable energy reform by offering investors economic incentives that can only be accessed if the cases are dropped.

Working group releases cybersecurity protocol

Working group releases cybersecurity protocol

22 November 2019

A working group made up of representatives of ICCA, the International Institute for Conflict Prevention and Resolution Institute and the New York City Bar Association has released a cybersecurity protocol for international arbitration.

Turkish investor brings ICSID claim against Saudi Arabia

Turkish investor brings ICSID claim against Saudi Arabia

22 November 2019

A Turkish construction company has become the latest investor to pursue ICSID proceedings against Saudi Arabia.

Heilbron rejects fraud claim against drone developer

Heilbron rejects fraud claim against drone developer

21 November 2019

British arbitrator Hilary Heilbron QC has thrown out claims by a leading US supplier of tactical military radio equipment that it was fraudulently induced into signing a distribution deal with a Canadian developer of drones.

King & Spalding launches Geneva practice with White & Case hire

King & Spalding launches Geneva practice with White & Case hire

21 November 2019

Former White & Case lawyer Vanessa Alarcon Duvanel has joined King & Spalding as counsel to launch the firm’s international arbitration practice in Geneva.

“Wrong seat” fatal to SIAC award, says appeal court

“Wrong seat” fatal to SIAC award, says appeal court

21 November 2019

The Singapore Court of Appeal has barred the enforcement of a US$200 million SIAC award won by a gaming company against its former business partners in Laos on the basis that the arbitrators wrongly chose Singapore and not Macao as the arbitral seat.

Spain seeks annulment of solar award as arbitrator challenge rejected

Spain seeks annulment of solar award as arbitrator challenge rejected

20 November 2019

Spain is seeking to annul a €34 million ICSID award won by Luxembourgish and French private equity investors over changes to the country’s renewable energy subsidy regime – while the state’s attempt to disqualify UK arbitrator Peter Rees from another claim filed over the reforms has been rejected.

Mozambique defeats claim under BIT that “never entered into force”

Mozambique defeats claim under BIT that “never entered into force”

20 November 2019

An ICSID additional facility tribunal has dismissed a South African businessman’s US$96 million bilateral investment treaty claim against Mozambique after finding there was insufficient proof that the BIT had ever entered into force.

EU reveals multiple threats of ECT claims

EU reveals multiple threats of ECT claims

20 November 2019

Two months after the EU was hit with its first Energy Charter Treaty claim, the European Commission has revealed it has also faced threats of ECT claims from UK, Swiss and Dutch investors.

Pakistan seeks annulment of US$6 billion award

Pakistan seeks annulment of US$6 billion award

19 November 2019

Pakistan has applied to annul an ICSID award ordering it to pay US$5.9 billion to an Australian mining venture for the denial of a lease to mine a valuable copper and gold deposit – citing alleged defects in the award and a failure to apply Pakistani law to corruption allegations.