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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