Work Area: Investor-state arbitration

Ukraine’s richest man warns of claim against Russia over Mariupol siege

Ukrainian oligarch Rinat Akhmetov says he plans to bring a claim against Russia potentially worth US$20 billion over the destruction of his steel plants during the siege of Mariupol.

27 May 2022

Koch’s award against Venezuela upheld at ICSID

An ICSID committee has upheld an award requiring Venezuela to pay more than US$444 million to subsidiaries of US chemicals group Koch Industries for the expropriation of a fertiliser business.

26 May 2022

German court refuses to block intra-EU claim

A Berlin court has reportedly refused to declare that an Irish wind power investor’s ICSID claim against Germany under the Energy Charter Treaty is inadmissible because it is an intra-EU dispute.

26 May 2022

Oligarchs plan another treaty claim against the US

Entities controlled by Ukrainian oligarchs Igor Kolomoisky and Gennadiy Bogolyubov have revealed that they plan to file a third treaty claim against the United States related to assets that have been targeted by authorities over alleged money laundering.

24 May 2022

Trinidad state entity liable over highway project

A Brazilian contractor has won a US$126 million LCIA award against Trinidad and Tobago’s national infrastructure company in a dispute over a coastal highway project.

23 May 2022

Guinea declares win in Steinmetz ICSID case

An ICSID tribunal has rejected mining company BSG Resources’ US$5 billion claim against Guinea over rights to the world’s largest iron ore deposit, the West African state has announced.

20 May 2022

Funder sues treaty claimant after settlement with Egypt

A disputes funder that provided initial financing for an investment treaty claim against Egypt before going bankrupt is now suing the successful claimant for a share of the settlement proceeds.

20 May 2022

India seeks to reopen satellite award

India has applied for revision of a US$140 million investment treaty award won by Deutsche Telekom in a dispute over a cancelled satellite deal – arguing a recent ruling by its own Supreme Court shows the award is “tainted by illegality and fraud”.

20 May 2022

Spain challenges ICSID panel over alleged bias

Spain has challenged an ICSID tribunal hearing one of the many renewables-related claims it is facing, arguing the arbitrators have shown bias through a series of procedural decisions.

20 May 2022

UAE authority loses treaty claim against India

An UNCITRAL tribunal has reportedly dismissed a US$273 million investment treaty claim against India brought by an Emirati investment authority over a cancelled bauxite supply agreement.

19 May 2022

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