Work Area: Investor-state arbitration

Swedish investor drops ICSID claim over UAE residency permit

A Swedish-Iranian national who brought a funded ICSID claim against the United Arab Emirates over its refusal to renew his residency permit has dropped his case after the state contested the authenticity of some of his evidence.

01 December 2022

Norway hit with another snow crab claim

Norway is facing another ICSID claim by an investor in the snow-crab industry, brought under a bilateral investment treaty that the state is reportedly seeking to terminate.

01 December 2022

Korean state-owned bank beats billion-dollar claim

A Korean state-owned bank has defeated the bulk of a US$1.4 billion HKIAC claim by a group of commodities traders over its alleged failure to honour purchase obligations during the covid-19 pandemic.

30 November 2022

Vietnam faces second ICSID claim

Vietnam is facing its second ever ICSID case after a pair of Chinese construction companies filed a claim under a rarely used investment treaty.

30 November 2022

Tanzanian plane remains grounded despite ICSID stay

A Swedish investor that won a US$165 million award against Tanzania has persuaded a Dutch court to uphold the attachment of an aircraft owned by the east African state, even though ICSID has stayed enforcement pending annulment proceedings.

29 November 2022

Egypt settles "New Cairo" claim

Egypt has settled an ICSID claim brought by a Dubai-owned pipe manufacturer over its right to bid for tenders related to a sewerage network for “New Cairo” – a US$30 billion project to relieve overcrowding in one of Africa’s largest cities.

29 November 2022

Laos sees awards upheld in casino saga

Two gaming companies whose billion-dollar investment treaty claims against Laos were dismissed because of evidence of bribery and fraud have lost a final appeal against the outcome in Singapore, after a related SIAC award was also upheld.

25 November 2022

Canadian bank brings ICSID claim against Peru

A Canadian bank has brought an ICSID claim against Peru over a nearly 15-year long tax dispute, as a contractor turns to new counsel to challenge an award in a separate dispute with the Andean state.

25 November 2022

Peru’s evidence in Odebrecht cases leads to rift with Brazil

Brazilian prosecutors have reportedly suspended cooperation with Peru on high-profile corruption investigations because of concerns about the state’s use of evidence in arbitrations relating to Odebrecht projects.

24 November 2022

Guatemala to settle ICSID power tariff feud

Guatemala has agreed to pay US$46 million to a US investor to settle a long-running dispute over electricity tariffs that went before four different ICSID panels.

24 November 2022

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