Work Area: Investor-state arbitration

Ericsson unit threatens claim against Kazakhstan amid criminal probe

A Croatian affiliate of Swedish telecoms equipment maker Ericsson has said it may bring an arbitration against Kazakhstan over a US$21.5 million contract for a health information platform that has led to criminal proceedings against a former minister.

20 April 2022

Dominican Republic threatens claim against AstraZeneca

The Dominican Republic has warned of a potential arbitration against AstraZeneca over the delayed delivery of covid-19 vaccines, as details emerge of a separate claim by a French investor against the Caribbean state.

20 April 2022

Poland secures landmark annulment of intra-EU BIT awards

In a landmark pair of judgments, a French court has set aside two intra-EU BIT awards against Poland on the basis of the European Court of Justice’s ruling in the Achmea case.

19 April 2022

Ukraine fails to dislodge Alexandrov over ties to expert firm

Ukraine has failed to disqualify Stanimir Alexandrov from an ICSID tribunal based on his “incomplete and piecemeal” disclosure, including about his relationship with expert witness firm Compass Lexecon.

19 April 2022

US stay on Yukos awards lifted after six years

A US court has ruled that proceedings to enforce the US$57 billion Yukos awards against Russia should resume after a six-year stay, citing concerns that targeting the state’s assets may become more difficult following the war in Ukraine.

14 April 2022

Second port operator threatens Uruguay

An operator at a Montevideo port has warned of a potential investment treaty claim against Uruguay after the state reached a settlement with a rival company to avert a threatened US$1.5 billion ICSID claim.

14 April 2022

PCA hears cement group’s treaty claim against Ecuador

A Permanent Court of Arbitration tribunal is in place to hear a Swiss multinational’s investment treaty claim against Ecuador concerning liability for additional contributions to pensions of retired workers at a cement business.

13 April 2022

Rail consortium’s claim against Venezuela comes to light

An Italian construction consortium is pursuing a US$2 billion ICC claim against Venezuela over three rail projects, it has emerged – as a US sanitary products group refiles an investment treaty claim against the state.

11 April 2022

Argentina fails in challenge to ICSID panel

Argentina has failed in a bid to disqualify the entire tribunal hearing a two-decade-old ICSID claim brought by US energy company AES Corporation.

08 April 2022

Colombia faces second ICSID claim over refinery project

A US-owned engineering company has launched an ICSID claim against Colombia after being hit with a billion-dollar fine following an investigation into a troubled oil refinery expansion project – as a Spanish water utility instructs counsel for another claim against the state.

07 April 2022

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