Work Area: Investor-state arbitration

Chinese state entities lose appeal over Mongolia claim

A US appeals court has rejected three Chinese state-owned entities’ second attempt to revive an investment treaty claim against Mongolia over an iron ore deposit.

26 August 2021

Venezuela fails to dislodge Drymer from Exxon case

Canadian Stephen Drymer has survived Venezuela’s effort to disqualify him from hearing its ICSID dispute with ExxonMobil, with his co-panellists rejecting arguments that he would be biased because of the state’s successful challenge against him in another case.

26 August 2021

Lagos centre’s award against Nigeria lands in DC

An engineering company that was hired to combat gully erosion in Nigeria has asked a US court to enforce an award against the state, which was issued by an arbitral institution in Lagos.

26 August 2021

Assignee of ICSID award seeks to collect from Argentina

A Delaware entity that acquired the rights to a US$320 million ICSID award against Argentina has applied to enforce it in the US in the wake of a dispute with the administrators of the original claimants.

25 August 2021

Devas shareholders win discovery order against Indian state entity

A US court has ordered an Indian state-owned satellite company to provide discovery to Mauritian shareholders in Bangalore telecoms company Devas Multimedia as they attempt to enforce a billion-dollar ICC award.

25 August 2021

Annacker quits ICSID panel over Achmea conflict

Dechert partner Claudia Annacker has resigned as tribunal chair in the first ICSID case against Denmark because of an alleged issue conflict relating to Achmea – as the claimant invokes a settlement procedure under the EU’s multilateral treaty for the termination of intra-EU BITs.

24 August 2021

Russian investor threatens treaty claim against South Africa

A Russian-owned company has threatened to bring a treaty claim against South Africa over an investment in a US$400 million mine, alleging it was defrauded of mining rights by a local businessman in collaboration with government officials.

24 August 2021

Kazakh road authority beats bulk of ICC claim

Kazakhstan’s road authority has largely escaped a more than US$200 million ICC claim brought by Turkish contractors over a motorway project that forms part of China’s Belt and Road initiative.

23 August 2021

Peru faces second ICSID claim over metro project

A Spanish-Italian consortium has brought a second ICSID claim against Peru over a project to build Lima’s second metro line – weeks after the state was found liable in the first case.

23 August 2021

Enel and Panama settle ICSID dispute

AWARD NOW PUBLIC: Panama has agreed to pay Italian energy company Enel to settle an ICSID case over delay in the construction of an electricity transmission line.

20 August 2021

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