Work Area: Investor-state arbitration
Panama faces bid to revive mining claim
US mining company Dominion Minerals has applied to partially annul an ICSID award that dismissed the bulk of its US$322 million damages claim against Panama over the expropriation of a mining concession.
22 March 2021
UK energy company prepares claim against Slovenia
A UK oil and gas company has said it will shortly file a treaty claim worth more than €100 million against Slovenia over the denial of a permit to boost productivity at two natural gas wells, after settlement talks failed.
22 March 2021
Egypt defeats claims over suspected airline bombing
An UNCITRAL tribunal has dismissed parallel treaty claims worth US$200 million brought by a Russian airline and Turkish tour operator against Egypt over the suspected bombing of an aircraft.
19 March 2021
Ecotourism investors put Costa Rica on notice
A German family of ecotourism investors have threatened Costa Rica with an ICSID claim after their land was expropriated to build a hydropower plant.
19 March 2021
Shell and Eni acquitted in Nigerian bribery case
A Milan court has acquitted oil companies Shell and Eni of paying millions in bribes to Nigerian officials to secure prospecting rights to a lucrative oil field, allegations that have also given rise to ICSID proceedings.
19 March 2021
Billboard bust-up leads to claim against Serbia
An outdoor advertiser had launched an ICSID claim against Serbia alleging its concession was breached when a rival was also granted permission to operate billboards in Belgrade.
18 March 2021
Pakistan applies to revise Tethyan award
Pakistan has instructed new counsel as it lodges a request to revise a US$5.9 billion ICSID award won by Australian mining venture Tethyan Copper over a copper and gold deposit.
18 March 2021
Uruguay settles billion-dollar port dispute
Belgian logistics group Katoen Natie has agreed not to pursue a US$1.5 billion ICSID claim against Uruguay after the state extended the life of its concession for a container terminal at the port of Montevideo.
17 March 2021
ICSID panel won’t halt Serbian criminal proceedings
An ICSID tribunal hearing a claim against Serbia over the alleged expropriation of a dairy farm has refused to order the state to pause a criminal investigation into a key witness in the arbitration.
17 March 2021
Colombia defeats billion-euro power claim
An UNCITRAL tribunal has rejected a US$1.3 billion claim brought by Spanish energy group Naturgy against Colombia over the government's seizure and liquidation of an electricity distribution company – but also dismissed a counterclaim by the state.
15 March 2021
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