Work Area: Investor-state arbitration

Second insurer threatens Chile over pension reforms

A subsidiary of Switzerland’s Zurich Insurance has become the second investor to threaten Chile with a treaty claim over reforms to its private pension system.

16 June 2021

Senegalese roadbuilder enforces award against Guinea

A US court has confirmed a Senegalese company’s ICC award against Guinea over a project to upgrade an airport road network, after the state failed to appear.

15 June 2021

King & Spalding sued by client in funded BIT case

A Dutch national who won a US$45 million investment treaty award against Vietnam is suing his arbitration counsel King & Spalding, accusing the firm of colluding with third-party funder Burford Capital to cheat him out of his due share of the proceeds.

15 June 2021

Ghana too late to challenge power plant award

UPDATED: The Commercial Court in London has refused to allow Ghana to bring a belated challenge to an UNCITRAL award worth over US$134 million in favour of a power contractor, ruling that national elections and covid-19 did not make the state's delay reasonable.

11 June 2021

Ukrainian Supreme Court blocks Firtash award

Ukraine’s Supreme Court has blocked enforcement of a US$260 million Stockholm Chamber of Commerce award obtained by a company owned by Ukrainian billionaire Dmytro Firtash against the state-owned operator of a fertiliser plant on the Black Sea.

11 June 2021

Insurer pursues treaty claim against Bolivia over pension reforms

An UNCITRAL tribunal has begun hearing a Swiss insurance company’s claim against Bolivia over the nationalisation of its pension system.

09 June 2021

Reliance and Shell win another round in Indian oilfield dispute

India has challenged a partial award permitting Reliance and a Royal Dutch Shell subsidiary to recover further development costs for an offshore oilfield - in a US$5 billion arbitration that has lasted more than a decade

08 June 2021

Turkey hit with billion-dollar mining claim

A Canadian mining company has made good on its threat to file a US$1 billion investment treaty claim against Turkey over the state’s refusal to renew licences for a gold mining project that has faced protests over alleged environmental damage and deforestation.

08 June 2021

Kuwaiti investor seeks to revive Iraq telecoms claim

A Kuwaiti logistics group has turned to new counsel in its bid to revive a US$660 million ICSID claim against Iraq over the alleged expropriation of a mobile phone operator.

08 June 2021

Miner files mega-claim against Congo

Avima Iron Ore has become the latest mining company to file for ICC arbitration against the Republic of the Congo over the revocation of its licences, claiming US$27 billion in damages.

07 June 2021

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