Work Area: Investor-state arbitration

Turkish retail investors take Uzbekistan to ICSID

A Turkish businessman who was reportedly imprisoned in Uzbekistan on charges of smuggling and tax evasion is among the claimants in a new ICSID case against the Central Asian state.

07 June 2021

Enhancing dispute settlement and prevention in Kazakhstan

A webinar organised by the World Bank and Kazakhstan’s Ministry of Justice considered the country’s efforts to improve its business and investment climate by enhancing dispute settlement and prevention mechanisms. Martin Gronemann of Friedrich-Alexander-University Erlangen-Nürnberg reports.

07 June 2021

Costa Rica avoids damages in mining dispute

UPDATED: A divided ICSID tribunal has held Costa Rica liable in a third-party funded claim worth almost US$400 million brought by a Canadian gold mining company, while declining to award any damages.

04 June 2021

Damages and costs in investment treaty arbitration studied for a third time

As UNCITRAL draws closer to formulating recommendations for ISDS reform, Allen & Overy partner Matthew Hodgson has updated his study of damages and costs in investment treaty arbitration, confirming that tribunals are giving these issues greater attention even as costs incurred by claimants and respondents have dropped.

03 June 2021

Colombia faces second ICSID claim over mine expansion project

Anglo American has filed an ICSID claim against Colombia following a local court order blocking expansion plans at a coal mine over environmental concerns – days after its partner in the project Glencore lodged a claim against the state.

03 June 2021

Australian miner takes Cameroon to ICC

Australian miner Sundance Resources has filed an ICC claim against Cameroon over the reallocation of licences for a multi-billion-dollar iron ore project to Chinese investors – months after it lodged an arbitration against the Republic of the Congo over similar allegations.

02 June 2021

Ukraine fails to secure stay despite national security concerns

A US court has refused to grant Ukraine a stay of enforcement on a US$173 million treaty award held by Russian oil and gas producer Tatneft, dismissing an argument that information sought in a related discovery proceeding could facilitate “Russian aggression.”

02 June 2021

UK power investors withdraw claim against Tanzania

The British co-founders of US power plant developer Symbion Power have discontinued an ICSID claim against Tanzania in a dispute that also gave rise to a US$560 million ICC claim.

02 June 2021

The rise and rise of states

A panel at London International Disputes Week considered the "rise and rise" of state involvement in global disputes and whether it is likely to continue, with a particular focus on state criticism of and attempts to reform investment arbitration.

02 June 2021

Glencore brings third claim against Colombia

Glencore has filed an ICSID claim against Colombia after a planned expansion at a coal mine was halted by a local court citing environmental concerns – the third case the Swiss commodities trader has brought against the state at the centre.

01 June 2021

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