Work Area: Investor-state arbitration
Romania faces renewable energy claim
44 solar investors from Europe and the Middle East have filed an ICSID claim against Romania over changes to the state's renewables regime.
18 September 2020
Ad agency brings treaty claim against Czech Republic
The world’s largest outdoor advertising company has made good on its threat to file a €40 million investment treaty claim against the Czech Republic over the termination of a long-term agreement for advertising space on Prague public transport.
17 September 2020
Chevron defeats Ecuador's challenge to denial of justice award
A Dutch court has rejected Ecuador’s bid to overturn an investment treaty award holding it liable for denial of justice in its US$9.5 billion dispute with Chevron over environmental contamination in the Amazon.
17 September 2020
Russian bank’s emergency award rebuffed in Ukraine
The Kiev Court of Appeal has refused to enforce an SCC emergency arbitrator award that restrained Ukraine from forcibly selling the assets of a Russian state-owned development bank.
17 September 2020
US targets Clyde & Co award funds
The US Department of Justice is attempting to seize the proceeds of an arbitral award held by Clyde & Co that Malaysian authorities say can be traced to the 1MDB corruption scandal.
17 September 2020
Libya challenges treaty award in US court
Libya has asked a US court to vacate an investment treaty award that requires it to pay more than €83 million to an Austrian investor in six construction projects that were disrupted by the country’s 2011 revolution.
16 September 2020
Turkish investor takes Turkmenistan to ICSID
A Turkish construction company has brought a US$27 million ICSID claim against Turkmenistan over the state's alleged expropriation of several projects.
16 September 2020
Italy liable over renewables reforms
A majority ICSID tribunal has ordered Italy to pay more than €18 million to subsidiaries of a German solar investor in an Energy Charter Treaty claim over changes to renewables tariffs.
15 September 2020
DP World seeks to enforce against Djibouti
A subsidiary of Emirati logistics group DP World has applied to a US court to enforce LCIA awards totalling more than US$485 million against the east African state of Djibouti arising from a bitter dispute over a strategic port facility on the Red Sea.
15 September 2020
UK may face arbitration over Brexit law
The European Commission has warned the UK that it may face arbitration if it adopts legislation overriding the agreement governing the country's exit from the EU.
15 September 2020
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