Work Area: Investor-state arbitration

Mexico defeats satellite operator’s claim

Mexico says it has defeated an investment treaty claim for more than US$120 million brought by France's Eutelsat over the reservation of satellite capacity for use by the state.

17 September 2021

Peru faces claim over gold seizure

Italian investors have launched a US$65 million UNCITRAL claim against Peru after a state authority allegedly seized gold bars to satisfy a third-party tax liability.

16 September 2021

South African oil company gets default judgment against Congo

A South African oil company has obtained a default judgment from a US court enforcing a US$619 million ICC award against the Democratic Republic of the Congo over contracts for four petroleum blocks.

16 September 2021

Spain partly liable over solar reforms

Another ICSID tribunal has found Spain partly liable under the Energy Charter Treaty for reforms to its renewable energy regime, ruling that investors were entitled to a reasonable rate of return but had no unalterable right to a fixed tariff.

15 September 2021

Iraqi ministry liable over power plant repairs

A Canadian company has applied to a US court to enforce an award against Iraq’s ministry of electricity over power plant repairs – a dispute that saw the original sole arbitrator resign for “personal reasons” after the ICC Court twice refused to approve his draft award.

15 September 2021

GE settles claim over Estonian power plant

GE will pay €30 million to settle a Stockholm Chamber of Commerce claim brought by an Estonian state-owned entity over delays at an oil shale power plant.

15 September 2021

Air Canada lands win against Venezuela

LINK TO AWARD ADDED: Air Canada has secured a US$26 million ICSID additional facility award against Venezuela over the state’s failure to convert its bolivar-denominated earnings to US dollars so that they could be repatriated.

14 September 2021

Colombia liable in high-mountain mining dispute

A divided ICSID tribunal has found Colombia liable in a US$700 million claim brought by a Canadian mining company that was deprived of its right to operate within an environmental preservation zone.

13 September 2021

Nigeria fights to reverse Chinese investor’s treaty win

Nigeria has asked a UK court to overturn the first known investment treaty award won by a mainland Chinese investor against an African state, in a dispute over a soured joint venture to develop a free trade zone near Lagos.

13 September 2021

Singapore court upholds duty to consider corruption

The Singapore International Commercial Court has upheld two BIT awards favouring Laos in a billion-dollar dispute with two gaming companies, ruling that arbitrators have a “public duty” to review evidence of corruption presented to them.

10 September 2021

Get unlimited access to all Global Arbitration Review content