Work Area: Investor-state arbitration

Benin fails in corruption challenge to airport award

A French court has refused to set aside a US$95 million ICC award won by a US airport security company against Benin, rejecting the state’s allegations that the underlying contract was procured through corruption.

12 November 2020

Vietnamese gas block dispute settles at SIAC

A Singapore oil and gas company says it has settled a SIAC claim against a subsidiary of Japan’s Inpex Corporation over the purchase of a US$14 million stake in a Vietnamese offshore gas block.

12 November 2020

Canadian state lawyers survive challenge in NAFTA case

A court has refused to disqualify the Canadian government’s legal team from a US$2.5 billion NAFTA arbitration over allegations that one member’s previous work for a funder gave rise to a conflict of interest.

11 November 2020

UK adds names to ICSID roster

The United Kingdom has named its latest designations to the ICSID panels of arbitrators and conciliators, after it held an open competition for those appointments for the first time.

11 November 2020

Peru threatened with claim over environmental fine

A cacao plantation owner has threatened to file an ICSID claim against Peru after it was hit with a US$35 million fine for breaching environmental regulations.

10 November 2020

What the award in Interocean v Nigeria tells us

Robert Volterra and Álvaro Nistal of Volterra Fietta share insights on a recent ICSID case decided in favour of Nigeria, with a focus on attribution and judicial expropriation.

10 November 2020

Panama escapes bulk of mining claim

An ICSID tribunal has found Panama liable for the expropriation of a mining concession while awarding the US claimant significantly less than the US$684 million it had sought in damages.

09 November 2020

Kazakhstan hunts claimant's assets after Soviet treaty win

After defeating a US$917 million claim under a Soviet investment treaty and winning costs, Kazakhstan has applied for discovery from various US banks to track down the claimant's assets and sources of funding.

06 November 2020

Swedish court rebuffs Spain again over ECJ referral

Spain has once again failed to persuade a Swedish court to refer questions about the Energy Charter Treaty to the European Court of Justice before deciding whether to set aside an award in favour of renewables investors.

06 November 2020

India fights airport services claim

A Mauritian entity linked to a British private equity firm is pursuing a treaty claim against India that appears to relate to its stake in a provider of airport ground handling services.

05 November 2020

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