Work Area: Investor-state arbitration

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

Russia can present new evidence in Yukos challenge

A Canadian appeal court has ruled that Russia can submit new evidence in its bid to set aside a jurisdictional award in a US$700 million Energy Charter Treaty case brought by a Yukos investor.

07 July 2021

Pakistani province’s corruption challenge blocked in London

An English court has blocked the Pakistani province of Balochistan from pleading corruption allegations in a challenge to an ICC partial award won by an Australian mining venture – a dispute that has already given rise to a US$5.9 billion ICSID award.

06 July 2021

Bank’s claim against São Tomé and Principe fails at PCA

A tribunal at the Permanent Court of Arbitration has thrown out a bank’s claim against São Tomé and Príncipe, ruling the parties’ investment contract did not make the African island state liable for the actions of its judiciary.

06 July 2021

Keystone XL investor threatens new claim against US

A Calgary-based energy company has threatened to bring a new US$15 billion NAFTA claim against the United States after the Biden administration revoked its permit for the controversial Keystone XL pipeline project.

05 July 2021

Dual national fails to revive Mauritius claim

A Belgian court has ruled that an UNCITRAL tribunal was right to decline jurisdiction over a French-Mauritian businessman’s US$1 billion treaty claim against Mauritius based on his dual nationality.

05 July 2021

Advocate general urges CJEU to rule against Miculas

An adviser to the Court of Justice of the European Union (CJEU) has sided with the European Commission in its battle to prevent Romania from paying a €178 million ICSID award in favour of the Micula brothers.

05 July 2021

Malta faces first ICSID claim

The Chinese owner of a bank that was shut down by authorities in Malta amid allegations of corruption has brought an ICSID claim against the island country.

05 July 2021

Ghana liable over another emergency contract

Ghana is facing another award under an emergency contract handed out during an energy crisis six years ago – with an LCIA tribunal chaired by Hilary Heilbron QC ordering the state to pay US$69 million to an Indian-Nigerian joint venture.

02 July 2021

Congo faces yet another mining claim

A UK mining company has become the latest investor to threaten the Republic of the Congo with a treaty claim after its iron ore permit was revoked.

02 July 2021

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