Work Area: Investor-state arbitration
China to face the music over jazz festival
A Swiss investor has made good on his threat to file a treaty claim against China after his company was stripped of the rights to run an annual international jazz festival on the island of Hainan.
13 July 2021
Israeli investor fails in tax claim against Ethiopia
An UNCITRAL tribunal chaired by the president of the International Court of Justice has rejected an Israeli chemicals group’s US$200 million investment treaty claim against Ethiopia over a tax bill.
12 July 2021
DP World wins again in Djibouti port dispute
Dubai-based logistics group DP World has reportedly prevailed in another LCIA arbitration with Djibouti over a strategic port facility on the Red Sea, with a sole arbitrator rejecting a state-owned entity’s bid to escape a joint venture agreement.
12 July 2021
Belgian appeal court upholds Kazakh asset freeze
The Brussels Court of Appeal has upheld an attachment over US$542 million worth of Kazakh state assets obtained by Moldovan investors seeking to enforce an Energy Charter Treaty award.
09 July 2021
Who is sitting at ICSID?
Nine new panels have been formed at ICSID in the past seven weeks, including two appointments apiece for Loretta Malintoppi, Toby Landau QC and Lucy Reed.
09 July 2021
Cairn freezes Indian property in Paris
Scotland’s Cairn Energy says it has frozen more than €20 million worth of Parisian properties owned by India as it seeks to enforce an investment treaty award worth more than US$1.7 billion.
08 July 2021
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
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