Work Area: Investor-state arbitration

Albania award creditor wound up at funder’s request

An Australian disputes funder that financed an ICC claim against Albania has obtained a Cayman winding-up order against the claimant after the proceeds of the award were seized by an Albanian bailiff.

09 March 2021

Spanish cement investors seek to revive Egypt claim

Spanish investors in a cement plant have applied to partially annul an ICSID award that held Egypt liable but declined to award any of the €240 million they sought in damages.

08 March 2021

Germany settles with Vattenfall

One of the most closely watched investor-state arbitrations in recent years appears to be at an end – after the German government agreed to pay Sweden’s Vattenfall to settle an ICSID claim worth up to €7 billion over the phase-out of nuclear energy.

05 March 2021

Mauritania faces ICSID claim over copper mine

A subsidiary of Canada’s First Quantum Minerals has filed an ICSID claim against Mauritania over a copper and gold mine in the West African state – the latest in a string of disputes involving the mining group.

05 March 2021

US mining group brings ICSID claim against Mongolia

A US company has brought an ICSID claim against Mongolia over its investments in a gold mine.

05 March 2021

Bulgaria can’t halt Czech investor's claim

An ICSID tribunal hearing a Czech energy conglomerate’s Energy Charter Treaty claim against Bulgaria has refused to throw out the case based on the European Court of Justice ruling in Achmea.

05 March 2021

Maduro wins ICSID representation fight with Guaidó

Venezuelan president Nicolás Maduro has won the latest round of his battle with Juan Guaidó over who should represent the state in international disputes, after an ICSID tribunal refused to allow the opposition leader’s legal team to appear in a resubmitted claim by ExxonMobil.

04 March 2021

Dual national’s pharma claim against Venezuela gets underway

An UNCITRAL tribunal is in place to hear a dual national’s US$200 million investment treaty claim against Venezuela over the expropriation of a family pharmaceuticals business.

04 March 2021

Who is sitting at ICSID?

The latest round of panels formed at ICSID includes first-time appointments for Matthew Gearing QC, Jonathan Schiller and Christopher Harris QC, Botswanan arbitrators Edward Fashole-Luke and Sanji Monageng and German academic Steffen Hindelang.

04 March 2021

ECJ adviser says intra-EU claims barred under ECT

An advocate general of the European Court of Justice has advised that arbitration of intra-EU investor-state disputes under the Energy Charter Treaty is barred by EU law in light of Achmea, while raising the possibility such claims could be brought in national courts.

03 March 2021

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