A French court has upheld an UNCITRAL tribunal’s decision to hear a dual national’s US$2.5 billion treaty claim against Vietnam over the cancellation of a thermal power project.
18 September 2023
A Japanese company has applied to a US court to enforce an ICSID award requiring Spain to pay over €23.5 million for changes to its incentives regime for solar power plants, putting the award in the public domain.
18 September 2023
Philipp Kurek has left the partnership at Kirkland & Ellis to join Signature Litigation in London.
18 September 2023
English-qualified barrister Maanas Jain, who serves as co-chair of Young ICCA, has left Three Crowns after nearly a decade to join Paul Hastings in London.
18 September 2023
A Spanish-Venezuelan businessman has complained to the European Court of Human Rights over the Dutch courts’ refusal to review the dismissal of a US$240 million investment treaty claim against Venezuela.
15 September 2023
An ICSID committee has upheld an Energy Charter Treaty award that requires Italy to pay over €16 million to German and Austrian investment funds for changes to its incentives regime for solar power.
15 September 2023
A Polish contractor has agreed to pay nearly €30 million to a Lithuanian state-controlled energy group to settle a Stockholm Chamber of Commerce arbitration over unfinished work on a biomass incineration unit.
14 September 2023
Russian state-owned energy group Inter RAO has won US$45 million in an arbitration against an Ecuadorean state entity over a terminated contract to install components at a hydroelectric power project.
13 September 2023
Denmark’s Maersk Group has requested an ICSID conciliation proceeding with Guatemala – five years after it threatened a claim over a troubled port terminal concession.
12 September 2023
UPDATED WITH COUNSEL: A Luxembourg company linked to Russian-Israeli billionaire Mikhail Fridman says it has notified Ukraine of a potential investment treaty claim over the “illegal expropriation” of one of the country’s biggest banks – while accusing the state of aggravating the dispute by bringing criminal charges against the businessman.
08 September 2023
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