Region: Pakistan

Pakistan applies to revise Tethyan award

Pakistan has instructed new counsel as it lodges a request to revise a US$5.9 billion ICSID award won by Australian mining venture Tethyan Copper over a copper and gold deposit.

18 March 2021

Dispute brews in Pakistan over Belt and Road project

A Chinese-owned entity has reportedly threatened a Pakistani state entity with arbitration over a US$2.2 billion electricity transmission project that is part of China’s Belt and Road initiative.

17 February 2021

Pakistani airline assets frozen in BVI

A court in the British Virgin Islands has attached assets belonging to Pakistan’s national airline – including interests in two hotels in New York and Paris – at the request of an Australian mining venture seeking to enforce a US$6 billion ICSID award.

05 January 2021

Pakistan in talks with Tethyan as stay on award lifted

Pakistan is reportedly in talks with Australian mining venture Tethyan Copper to settle a dispute over a copper and gold deposit that led to a US$5.9 billion ICSID award against the state, as an annulment committee partially lifts a stay of enforcement.

13 November 2020

National Centre for Dispute resolution (formerly the Karachi Centre for Dispute Resolution (KCDR))

27 January 2020

Iraqi ex-minister too late to challenge treaty award

A former Iraqi government minister has been denied permission to pursue a belated challenge to an investment treaty award in favour of Pakistan in the English courts – as it emerges that a parallel set-aside action funded by Burford Capital has been discontinued.

28 February 2019

National Centre for Dispute resolution (formerly the Karachi Centre for Dispute Resolution (KCDR))

03 January 2019

English jurisdiction upheld in Pakistani power dispute

A Pakistani state-owned entity has been denied leave to appeal an English court injunction that prevents it from challenging a US$130 million LCIA award in the courts of Lahore.

29 October 2018

Pakistan challenges entire tribunal over Alexandrov expert ties

Pakistan has filed a proposal to disqualify all three members of an ICSID tribunal in further challenge relating to Bulgarian arbitrator Stanimir Alexandrov's alleged failure to disclose a "relationship" with an expert firm. ‎

29 November 2017

Alexandrov survives Pakistan's challenge over "rare" damages model

Bulgarian arbitrator Stanimir Alexandrov has survived an attempt by Pakistan to unseat him from an ICSID tribunal because of its reliance on a supposedly "rare" valuation method that he has also invoked in another case in which he is acting as counsel.

08 September 2017

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