Work Area: Investor-state arbitration

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

Laos denied injunction in pursuit of “alter egos”

A federal court in Idaho has refused to grant Laos a preliminary injunction as it targets the assets of a US businessman behind two unsuccessful investment treaty claims.

28 July 2021

Port operator threatens claim against Honduras

The Manila-based operator of one of Central America’s largest ports has reportedly threatened Honduras with an ICSID claim, alleging that its US$250 million concession has been jeopardised by plans for a rival container terminal.

27 July 2021

Zimbabwe faces US enforcement bid

A Swiss-German family have applied to a US court to enforce an ICSID award against Zimbabwe now worth more than US$274 million, which compensated them for land expropriations carried out by the government of former president Robert Mugabe.

27 July 2021

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