Work Area: Investor-state arbitration

Czech Republic dodges damages over housing project

UPDATED: An ICSID tribunal has held the Czech Republic liable for actions taken by the mayor of a rural village over a thwarted housing development, while refusing to award any of the US$235 million in damages sought.

02 November 2021

Romania faces another renewables claim

Undeterred by a recent ruling from the European Court of Justice on the scope of the Energy Charter Treaty, an Austrian energy utility has lodged an ICSID claim against Romania over reforms to its renewable energy incentives scheme.

02 November 2021

Winds of change: Latin America’s shifting regulatory landscape

At a recent ITA-ALARB Americas Workshop, practitioners discussed regulatory changes in Latin America, including those responding to the covid-19 pandemic, and commercial and investment disputes arising from them. Florentina Field of Quinn Emanuel Urquhart & Sullivan in Paris reports.

01 November 2021

Ukraine hit with another renewables claim

Ukraine has been hit with another treaty claim over reforms to its tariff regime for renewable energy, as a state agency faces an unrelated ICC claim brought by a Chinese state-owned enterprise.

29 October 2021

Croatia escapes damages in power plant dispute

Croatia says it has defeated a claim for more than €71 million in damages at ICSID despite being held partly liable over a failed project to build a biomass power plant.

28 October 2021

Iranians launch second treaty claim against South Korea

An Iranian family who secured the first known investment treaty award against South Korea has launched a second claim against the state over its non-payment.

28 October 2021

Dual nationals lose appeal over DR-CAFTA award

A US appeals court has affirmed that two US-Dominican investors were out of time in serving set-aside proceedings on the Dominican Republic in their bid to revive a nearly US$42 million DR-CAFTA claim.

27 October 2021

ECJ prohibits ad hoc ISDS agreement

The European Court of Justice has ruled that EU member states are prohibited from entering into ad hoc arbitration agreements identical to those in intra-EU BITs – suggesting that contract-based investor-state dispute settlement is unlikely to escape the impact of Achmea.

26 October 2021

US oil investor brings ICSID claim against Slovakia

A US oil and gas company has lodged an ICSID claim against Slovakia, alleging it was prevented from conducting drilling operations after attracting protests from local activists.

26 October 2021

Andean states face investment disputes

A cement consortium’s claim against Bolivia has come to light, as Peru is hit with an ICSID claim over a road project and Chile is threatened for a third time over its private pension reforms.

25 October 2021

Get unlimited access to all Global Arbitration Review content