Region: Pakistan

Korean hydro venture brings LCIA claim against Pakistan

Pakistan is reportedly seeking outside counsel to defend it in an LCIA claim by a South Korean joint venture over a hydropower project that has already led to two other arbitrations.

16 November 2022

Korean company takes Pakistani state entity to LCIA over hydro project

A South Korean joint venture has filed a US$94 million LCIA claim against a Pakistani state-owned entity over spiralling costs for a 30-year hydropower concession.

04 July 2022

Lahore cleaning contract lands Pakistan at ICSID

Two Turkish companies have filed an ICSID claim against Pakistan over a US$174 million contract for waste disposal services in the city of Lahore after their offices were reportedly raided by local authorities.

23 June 2022

Barrick and Pakistan agree to end ICSID feud

Canada’s Barrick Gold has reached an agreement in principle with Pakistan to restart a troubled mining project and settle an ICSID award worth more than US$6 billion.

21 March 2022

Nappert rules in Pakistan gas dispute

Canadian-British arbitrator Sophie Nappert has ruled in favour of a Pakistani state-owned entity in a US$109 million LCIA dispute over supplies of gas for two power plants.

16 December 2021

Pakistan and Costa Rica face ICSID claims

A Turkish construction company has launched an ICSID claim against Pakistan, while Costa Rica is facing a new claim at the centre brought by the renewables arm of Italian power company Enel.

14 October 2021

Caribbean appeal court can’t grant interim relief against Pakistan

The Eastern Caribbean Court of Appeal has ruled it has no power to grant injunctive relief against Pakistan at the request of an ICSID creditor when a lower court’s finding that the state enjoys immunity has not been set aside.

15 July 2021

Pakistani province’s corruption challenge blocked in London

An English court has blocked the Pakistani province of Balochistan from pleading corruption allegations in a challenge to an ICC partial award won by an Australian mining venture – a dispute that has already given rise to a US$5.9 billion ICSID award.

06 July 2021

BVI court unfreezes Pakistani airline assets

A court in the British Virgin Islands has lifted attachments obtained by an ICSID creditor against US$3.1 billion worth of assets belonging to Pakistan’s national airline, including interests in two hotels in New York and Paris.

26 May 2021

Funder targets Crowell partner in fight over Pakistan award

A Cayman hedge fund that helped to finance an arbitration against Pakistan has sought leave to subpoena a partner at Crowell & Moring who acted in the case, amid a dispute over more than US$28 million in award proceeds.

26 April 2021

Unlock unlimited access to all Global Arbitration Review content