Work Area: Investor-state arbitration
Chile takes US lithium miner to ICC
Chile has filed a US$15 million ICC claim against a US lithium mining company over royalty payments due under an agreement to exploit one of the world’s largest reserves of the valuable metal.
24 February 2021
Energy disputes in times of global pandemic
The ITA-IEL-ICC joint conference on international energy arbitration considered the future of the energy industry and the challenges the industry faces during the covid-19 pandemic. Maria Slobodchikova of Freshfields Bruckhaus Deringer in New York reports.
24 February 2021
Kuwaiti investor loses ICSID claim against Iraq
An ICSID tribunal has dismissed a Kuwaiti investor’s US$664 million claim against Iraq over the alleged expropriation of a mobile phone operator in Kurdistan – a dispute that has spawned several other arbitrations and bribery allegations.
23 February 2021
Oligarchs bring second ICSID claim against US
Companies controlled by Ukrainian oligarchs Igor Kolomoisky and Gennadiy Bogolyubov say they are launching a second ICSID claim against the United States over the targeting of assets they are accused of acquiring through money laundering.
23 February 2021
Jersey gets in on BIT action
As Jersey looks to sign its first-ever bilateral investment treaty, with the United Arab Emirates, Alex Fawke and Harry Stratton of Linklaters consider the Channel Island’s ambiguous relationship with the UK and the issues this could raise in making claims under the treaty.
23 February 2021
Venezuela liable over oil dividends
A tribunal at the Permanent Court of Arbitration has found that Venezuela discriminated against an Occidental Petroleum subsidiary over the distribution of dividends from an oil and gas venture – but dismissed all other claims.
22 February 2021
ICC stands by Panama Canal arbitrators
The ICC has refused to disqualify three arbitrators who issued a US$265 million award in favour of the Panama Canal Authority, ruling that their alleged failure to disclose certain professional relationships did not call their impartiality into question.
19 February 2021
Bolivia settles with Chinese state entities
Bolivia has settled a dispute with Chinese state-owned steelmakers over the suspension of construction works for an iron ore processing plant.
19 February 2021
Ghana liable over cancelled energy deal
An UNCITRAL tribunal has ordered Ghana to pay around US$170 million to a local energy company for cancelling an emergency contract signed during an electricity supply crisis.
18 February 2021
UK miner threatens treaty claim against India
A UK mining company says it has instructed external counsel for a potential investment treaty claim against India over the refusal of local authorities to renew a prospecting licence for a gold project.
18 February 2021
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