Region: Canada

Paris court upholds billion-dollar award against Venezuela

The Paris Court of Appeal has at the second time of asking upheld a Canadian gold mining company’s US$1.7 billion investment treaty award against Venezuela, ruling a limitation period for bringing claims did not curtail the tribunal’s jurisdiction.

10 June 2022

Russia will represent itself in Canadian Yukos action

Russia has said it intends to represent itself in a Canadian set-aside proceeding relating to a US$700 million Energy Charter Treaty dispute over the collapse of Yukos following the withdrawal of its local counsel – as GAR confirms the law firm defending the state in the arbitration has also withdrawn.

06 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

Webuild reports net win in Canadian hydro dispute

Italian construction group Webuild has said it expects to receive a net sum of around US$93 million following an ad hoc arbitration with a Canadian provincial government utility over a troubled billion-dollar hydropower project.

25 May 2022

India withdraws from airline payments system

India’s airports authority has withdrawn from an international system for collecting airline fees after its funds were frozen by telecoms investors seeking to enforce investment treaty awards.

16 May 2022

Alstom brings ICC claim over €4.4 billion M&A

French rail transport group Alstom has launched an ICC claim against Canadian jet manufacturer Bombardier over a €4.4 billion acquisition that closed last year.

26 April 2022

Kyrgyzstan reaches deal to end gold mine dispute

Kyrgyzstan has reached an agreement with Canadian mining company Centerra Gold that paves the way for the parties to settle an UNCITRAL dispute over the state’s seizure of one of the largest gold mines in central Asia.

04 April 2022

Canadian government lawyer disqualified from NAFTA case

A NAFTA tribunal has disqualified a Canadian government lawyer from defending the state in a US$2.5 billion arbitration because of her former role at the claimants’ prospective third-party funder.

25 March 2022

German constitutional court upholds provisional application of CETA

Germany’s Federal Constitutional Court has rejected several challenges to the provisional application of a controversial free trade agreement between the EU and Canada.

16 March 2022

Canadian miner reports win in Zambian electricity dispute

A subsidiary of Canada’s First Quantum Minerals has won an UNCITRAL claim against a Zambian state entity over electricity supplies to its copper mining facilities in the country – a dispute that also gave rise to an English court injunction.

16 February 2022

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