Work Area: Investor-state arbitration

Pandemic and populism to increase investor-state disputes

Speakers at the Latin Lawyer-GAR Interactive Arbitration Summit recommended that companies plan their infrastructure investments carefully, amid arbitrary actions by populist politicians and a slew of new laws pursued by governments in Latin America to fight the covid-19 pandemic.

05 October 2020

Azerbaijani investor to claim against Georgia

An Azerbaijani investment group says it will file an ICSID claim against Georgia after state authorities appointed a special manager to the board of a local internet provider in which it has an interest.

02 October 2020

Ukrainian space agency loses satellite claim

A subsidiary of Ukraine’s State Space Agency has failed in a US$227 million claim against a Canadian contractor over a satellite launch project disrupted by the Russian annexation of Crimea and a scandal over missing funds.

01 October 2020

Fintech claim against Kosovo underway

An ICC tribunal has begun hearing a claim brought against Kosovo by an Estonian fintech company after the state’s central bank revoked the business licence of its subsidiary due to the interest rates charged on its loans.

01 October 2020

Spanish food importer threatens Mexico

A Spanish businessman who ran a business importing gourmet foods has threatened to bring an investment treaty claim against Mexico after its customs authorities impounded and destroyed a container of his products.

30 September 2020

Nigeria overturns security order in mega-award challenge

The Commercial Court in London has ordered the release of US$200 million that Nigeria paid in security as it challenges a US$10 billion award over a failed gas deal, after recently finding the state has a strong prima facie case that the arbitration and the contract were tainted by corruption.

29 September 2020

Wales prevails in roadworks dispute

The Welsh government has secured a win on liability in an ad hoc arbitration with a UK construction group relating to cost overruns on a £340 million road expansion project.

29 September 2020

Mayer to stay on Cameroon case despite Klöckner appearance

French arbitrator Pierre Mayer will continue hearing an ICSID case against Cameroon after surviving a challenge brought on the basis of his failure to disclose advocacy work he performed for the state in the famous Klöckner case more than 30 years ago.

28 September 2020

Interim award upheld in mega-claim over Iranian gas

Iran’s national oil company has failed to overturn an interim award in favour of the UAE’s Crescent Petroleum in an US$18.6 billion dispute over a terminated gas supply deal.

22 September 2020

Algeria defeats bid to revive “abusive” multibillion claim

A company managed by Egyptian billionaire Naguib Sawiris has failed to revive a US$4 billion ICSID claim against Algeria that was dismissed three years ago as an abuse of rights.

18 September 2020

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