Work Area: Investor-state arbitration

Meydan settles Dubai racecourse dispute

Emirati real estate developer Meydan has agreed to pay US$198 million to a Malaysian construction group to satisfy a DIAC award over a cancelled contract to build a racecourse in Dubai.

14 July 2021

States replenish ICSID roster

Claudia Annacker, Maxi Scherer, Lisa Richman, Miriam Harwood, Wendy Miles QC, Kathryn Khamsi and Diana Bayzakova are among the new additions to ICSID’s panel of arbitrators in the past year.

14 July 2021

Arbitrator ethics under scrutiny at ITA workshop

At the 33rd annual Institute for Transnational Arbitration Workshop, Constantine Partasides QC reflected on under- and over-regulation of arbitrator conduct while arguing that the ICSID and UNCITRAL Draft Code of Conduct for Adjudicators in its current form could have unintended consequences.

14 July 2021

China to face the music over jazz festival

A Swiss investor has made good on his threat to file a treaty claim against China after his company was stripped of the rights to run an annual international jazz festival on the island of Hainan.

13 July 2021

Israeli investor fails in tax claim against Ethiopia

An UNCITRAL tribunal chaired by the president of the International Court of Justice has rejected an Israeli chemicals group’s US$200 million investment treaty claim against Ethiopia over a tax bill.

12 July 2021

DP World wins again in Djibouti port dispute

Dubai-based logistics group DP World has reportedly prevailed in another LCIA arbitration with Djibouti over a strategic port facility on the Red Sea, with a sole arbitrator rejecting a state-owned entity’s bid to escape a joint venture agreement.

12 July 2021

Belgian appeal court upholds Kazakh asset freeze

The Brussels Court of Appeal has upheld an attachment over US$542 million worth of Kazakh state assets obtained by Moldovan investors seeking to enforce an Energy Charter Treaty award.

09 July 2021

Who is sitting at ICSID?

Nine new panels have been formed at ICSID in the past seven weeks, including two appointments apiece for Loretta Malintoppi, Toby Landau QC and Lucy Reed.

09 July 2021

Cairn freezes Indian property in Paris

Scotland’s Cairn Energy says it has frozen more than €20 million worth of Parisian properties owned by India as it seeks to enforce an investment treaty award worth more than US$1.7 billion.

08 July 2021

Peru liable in metro dispute at ICSID

An ICSID tribunal has held Peru liable in a contractual claim over a project to build Lima’s second metro line, ruling that the state was responsible for delays in the works and must pay damages – also dismissing a US$700 million counterclaim.

08 July 2021

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