Work Area: Investor-state arbitration

Spain fails to overturn solar award

Spain has failed to overturn a €101 million Energy Charter Treaty award won by solar investors that has recently become the subject of a European Commission state aid probe – as another investor whose award was annulled due to an arbitrator conflict files a resubmitted claim.

03 August 2021

Exxon brings claim against Iraqi state entity over oilfield sale

ExxonMobil has filed an ICC claim against an Iraqi state-owned oil company over a stalled attempt to sell a stake in a US$50 billion oilfield.

02 August 2021

Indian investor’s covid plea can’t save claim against Libya

An UNCITRAL tribunal has terminated an Indian construction company’s US$110 million treaty claim against Libya for a failure to pay required advances, despite a plea from the investor that coronavirus conditions in its home country warranted granting an extension.

02 August 2021

Paulsson challenged over parallel appointments

Ex-Three Crowns partner Jan Paulsson is the latest arbitrator to be challenged over his appointments in parallel cases, as Bangladesh seeks to remove him from an ICSID panel hearing a US$100 million claim by Canada’s Niko Resources over a gas field.

02 August 2021

Lithuania faces air defence claim

Ukrainian investors in an air defence contractor have reportedly threatened a €140 million claim against Lithuania after its activities were halted because of national security concerns.

30 July 2021

Ecuador legislature condemns decision to rejoin ICSID

Ecuador’s National Assembly has condemned the government’s decision to rejoin the ICSID Convention and a recent Constitutional Court ruling that congressional approval for the treaty’s ratification was not required.

30 July 2021

Ecuador in “full default” as stay on Perenco award is lifted

Bahamian oil company Perenco says Ecuador has defaulted on an undertaking to pay a US$391 million ICSID award, as a US court lifts a stay on its enforcement.

29 July 2021

Spanish contractor to settle Panamanian hospital dispute

A Spanish construction company has reportedly agreed to withdraw a US$125 million ICC claim against a Panamanian state entity over a hospital project that was disrupted by a bribery investigation and the covid-19 pandemic.

29 July 2021

Russia on the hook again over Yukos

A Geneva-seated tribunal has reportedly ordered Russia to pay US$5 billion to a former affiliate of Yukos, in one of the second wave of treaty claims filed over the oil company’s collapse.

28 July 2021

Chevron foe guilty of contempt in Ecuador dispute

US lawyer Steven Donziger has been found guilty of criminal contempt for refusing to hand over evidence in a long-running dispute with Chevron over pollution in the Amazon rainforest, which led to a landmark treaty claim against Ecuador.

28 July 2021

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