Work Area: Investor-state arbitration
Spanish court revives Pey Casado saga
A Spanish court has frozen assets of Chile’s national copper company after ruling that the state should pay US$552 million to satisfy a 14-year old ICSID award relating to the seizure of a newspaper during the Pinochet era.
09 June 2022
Ecuador liable for moral damages in oilfield dispute
An UNCITRAL tribunal has ordered Ecuador to pay US$11 million to a Singaporean company in an oil field dispute, including moral damages for its “malicious” behaviour in a related criminal proceeding.
08 June 2022
Honduras faces treaty dispute over special economic zones
A US company has notified Honduras of a potential DR-CAFTA claim over moves to repeal legislation relating to special economic zones in the Central American state.
07 June 2022
Venezuela faces treaty claim over alleged electoral fraud
The UK owner of election technology group Smartmatic has brought a US$1.5 billion investment treaty claim against Venezuela, accusing it of a campaign of harassment following an allegedly fraudulent election.
06 June 2022
Laos wins latest round of casino feud
A Singapore court has upheld a SIAC award favouring Laos in a long-running casino dispute, ruling the tribunal was within its rights to bar two gaming companies from raising claims argued in a prior arbitration.
06 June 2022
Czech enforcement saga leads to treaty award
An UNCITRAL tribunal has ordered the Czech Republic to pay several hundred million dollars to a blood plasma supplier and its owner, finding that the frustration of their efforts to enforce a contractual arbitration award was in breach of an investment treaty.
01 June 2022
Amirfar on ordering a disordered world
Debevoise & Plimpton partner Catherine Amirfar used a keynote address at GAR Live Vienna to defend international law’s role in "ordering a disordered world” – arguing that while it is no panacea as the war in Ukraine illustrates, we shouldn’t lose sight of its importance in maintaining peace and security.
01 June 2022
Real estate investors take Serbia to ICSID
Claimants apparently linked to a Canadian family of private equity investors have brought a treaty claim against Serbia over a real estate project – bringing the number of pending ICSID proceedings involving the Balkan state to seven.
01 June 2022
Poland defeats second bid to revive treaty claim
The Paris Court of Appeal has for a second time rejected a bid to revive a US$125 million treaty claim against Poland over the collapse of a vegetable fats business, even after the US claimants were permitted to raise new jurisdictional arguments they hadn’t made in the arbitration.
31 May 2022
Libya loses appeal over Austrian investor’s award
A US appeals court has upheld an Austrian construction company’s €84 million investment treaty award against Libya, rejecting arguments that the tribunal did not issue a final decision and exceeded its powers.
31 May 2022