Work Area: Investor-state arbitration

Tribunal hears claim against Saudi Arabia over Qatar blockade

A tribunal is in place to hear a treaty claim brought against Saudi Arabia by a Qatari pharmaceutical company and its founder, who allege their investments were destroyed by the continuing blockade of Qatar by its Arab neighbours.

20 October 2020

Croatia faces another claim over currency law

A Hungarian bank has brought a US$35 million ICSID claim against Croatia – the latest in a string of cases the state has faced over legislation to convert loans held in Swiss franc into euros.

19 October 2020

Singapore judge bars India from sharing documents in BIT cases

A Singapore judge has refused to allow India to cross-disclose documents between two related BIT cases arising from multibillion-dollar tax demands – affirming that the general obligation of confidentiality in arbitration under Singapore's common law extends to investment treaty cases.

16 October 2020

Egyptian investor can’t join ICSID claim against Kuwait

An ICSID tribunal has refused to allow an Egyptian businesswoman to be joined as co-claimant in an investment treaty case against Kuwait over a failed project to build a heritage site in the country’s capital.

16 October 2020

Will more renewables investors renounce claims against Spain?

Lawyers from Simmons & Simmons argue that the recent decision by UAE solar investor Masdar to renounce its award against Spain reflects the balancing act and challenges investors face when enforcing awards against states.

15 October 2020

Odebrecht bribery ruling upheld in Colombia

Colombia’s highest administrative court has upheld an award that nullified an Odebrecht consortium’s contract for a billion-dollar highway construction on grounds of corruption – a project that has also given rise to ICC claims and the threat of an investment treaty arbitration.

14 October 2020

Another bank's claim against Croatia clears intra-EU hurdle

An ICSID tribunal hearing an Austrian bank’s claim against Croatia has by majority rejected the state’s argument that the underlying bilateral investment treaty is incompatible with the EU legal order – in line with decisions in two other cases brought under the same intra-EU BIT.

14 October 2020

Spain solar case moves to quantum phase

An ICSID tribunal has found Spain liable for breaching a German solar investor’s legitimate expectations through the state’s renewable energy reforms – but said it would apply a discount to the damages awarded.

14 October 2020

Orange brings claim against Iraq

UPDATED: French telecoms group Orange has filed an ICSID claim against Iraq over the alleged expropriation of its US$500 million investment in a Kurdistan-based mobile phone operator.

13 October 2020

Renewables investors renew threats against Ukraine

Renewable energy investors are once again preparing to file investment treaty claims against Ukraine over reforms to its tariffs regime, alleging the state has failed to make good on an agreement designed to resolve the dispute.

13 October 2020

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