Region: Europe
Vietnam fails to halt treaty claim by dual national
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
Japanese solar investor pursues Spain in US court
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
Signature recruits from Kirkland in London
Philipp Kurek has left the partnership at Kirkland & Ellis to join Signature Litigation in London.
18 September 2023
Three Crowns barrister moves to Paul Hastings
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
Failed BIT claim leads to human rights complaint
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
Italy fails to annul renewables award at ICSID
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
Lithuanian power plant dispute settles in Stockholm
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 group wins damages over Ecuador hydro project
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
Maersk seeks ICSID conciliation with Guatemala
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
Ukraine warned of BIT claim over bank takeover
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