Region: Europe

Steinmetz group tries to revive claim against Guinea

A mining group founded by Israeli businessman Beny Steinmetz that saw its US$5 billion ICSID claim against Guinea thrown out because of “overwhelming evidence” of corruption has applied to annul the award.

25 August 2022

Pestalozzi hires from Bär & Karrer

Alexandra Johnson is joining the partnership at Pestalozzi in Geneva after nearly six years at Bär & Karrer.

25 August 2022

UK oil company wins ECT award against Italy

London-listed oil and gas company Rockhopper Exploration says it has won €190 million plus interest in an Energy Charter Treaty claim over Italy’s refusal to grant a concession for an oilfield on the country’s Adriatic coast.

24 August 2022

Turkish investor puts Yemen on notice over road project

A Turkish construction company has threatened Yemen with a US$660 million treaty claim over a road project it says was disrupted by the seizure of equipment and raids and intimidation by paramilitary units.

24 August 2022

"Fifteen years is long enough”: US court enforces Conoco award

A US court has granted ConocoPhillips’ bid to enforce a US$9 billion ICSID award against Venezuela over three oil projects that were expropriated in 2007, finding there is no reason to think the state is likely to succeed in having it annulled.

22 August 2022

Ukraine denies benefits of ECT to Russian investors

UPDATED: Ukraine has invoked the Energy Charter Treaty’s denial of benefits provision to refuse protection to Russian-owned investments, as the state is threatened with a potential claim over the seizure of assets belonging to a chain of petrol stations.

22 August 2022

Carlsberg wins South Asian joint venture dispute

A SIAC tribunal chaired by Jan Paulsson has ruled in favour of Carlsberg in a US$1.5 billion dispute relating to its businesses in Nepal and India, giving the Danish brewer the right to buy its partner out of a joint venture.

18 August 2022

German wind investor takes Spain award to US court

German conglomerate BayWa has asked a US court to enforce €22 million Energy Charter Treaty award against Spain compensating it for measures affecting its wind power investments.

18 August 2022

German court allows enforcement against Libya

A German court has ruled that an Austrian construction company can partially enforce an €84 million investment treaty award against Libya, rejecting arguments it violated public order.

16 August 2022

Seeds of success: Bayer declares win in multibillion M&A dispute

German biotechnology company Bayer has defeated an ICC claim relating to the €7.4 billion sale of part of its crop science business to chemical producer BASF.

12 August 2022

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