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The tribunal that ruled against Houston-based Frontera Resources in a multibillion-dollar dispute over a Georgian oil and gas block found no evidence that the company had made a discovery or drilled any wells at the site, it has emerged.
26 July 2021
ICSID has rejected a port investor’s bid to disqualify Klaus Sachs from hearing a claim against Georgia, after the German arbitrator was removed from an overlapping ICC case.
19 July 2021
LINK TO DECISION ADDED: The ICC Court has disqualified German arbitrator Klaus Sachs from hearing a port developer’s claim against Georgia in light of his appointment by the state in an overlapping ICSID case – citing the risk he could prejudge issues and have access to information denied to his co-panellists.
12 March 2021
A Swiss court has upheld an award that found commodities trader Glencore liable for abuse of rights in a dispute with a former partner in a Georgian mining project, having overturned two previous awards by the same tribunal.
17 February 2021
A Gibraltar entity has threatened to bring a US$22 million Energy Charter Treaty claim against Georgia over an oil and gas block – more than a year after its Australian parent company withdrew an ECT claim over the same project.
15 January 2021
27 January 2020
An Australian energy company has discontinued its US$24 million Energy Charter Treaty claim against Georgia over the termination of a contract for an oil and gas block.
16 October 2019
04 January 2019
UPDATED. Two Dutch energy companies have filed for ICSID arbitration against Georgia over electricity tariffs, adding to related commercial claims already filed at the Arbitration Institute of the Stockholm Chamber of Commerce.
17 August 2017
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