Work Area: Investor-state arbitration
Georgian roads authority on a winning streak
Georgia says its roads department has won US$64 million across a trio of ICC arbitrations over terminated contracts for a highway project.
05 August 2022
European engineering firms pursue claim against Jordan
A pair of Austrian and Swiss engineering companies are bringing an investment treaty claim against Jordan at the Permanent Court of Arbitration, it has emerged.
05 August 2022
Moldova sees off one treaty claim and is hit with another
Moldova has defeated an €884 million treaty claim over an airport concession just as it is hit with a new Energy Charter Treaty claim by a gas distributor.
04 August 2022
Another homeowner threatens treaty claim against Korea
South Korea is facing another investment dispute with a private homeowner, as a naturalised US citizen threatens to bring a claim for at least US$4 million for the expropriation of her apartment and associated “mental and emotional distress”.
04 August 2022
Boris Johnson’s brother threatens claim against Mongolia
The half-brother of UK prime minister Boris Johnson has warned he may bring a US$50 million investment treaty claim against Mongolia for denial of justice over its failure to pursue a fraud prosecution against his local business partner.
03 August 2022
Rosatom faces disputes over Finnish and Turkish projects
Rosatom is bringing several ICC cases and potentially also a treaty claim over the termination of its contract for a Finnish nuclear power plant, GAR has learned, as the Russian state entity is threatened with arbitration by a Turkish contractor over another politically sensitive project.
03 August 2022
Morocco defeats scrap metal claim
An ICSID tribunal has rejected a German recycling company’s €19 million claim against Morocco over a “de facto” ban on the export of scrap metal.
02 August 2022
Volterra Fietta can't collect fees under unlawful retainer
The High Court in London has affirmed that Volterra Fietta is not entitled to any of the nearly US$3 million it billed a client in an investment treaty arbitration under a conditional fee agreement that was found to be unlawful.
02 August 2022
Tax: a new frontier in ISDS?
Delegates at GAR Live BITs in London heard how the global shift to green energy could prompt more tax-related investment disputes, as well as discussion of arbitrations under tax treaties and why tax experts may be “difficult to work with”.
02 August 2022
Perenco secures freeze on Ecuador accounts in Luxembourg
Bahamian oil company Perenco has frozen Luxembourg bank accounts used by Ecuador to make coupon payments associated with sovereign bonds, with the ICSID award holder claiming this raises the possibility of the state defaulting to creditors.
01 August 2022