Work Area: State-to-state

After talks under the auspices of the Permanent Court of Arbitration, East Timor and Australia have reached a landmark agreement that promises to end a maritime boundary dispute affecting the fate of an estimated US$40 billion in oil and gas reserves.

04 September 2017

UPDATED. In a case that has been beset by difficulties, a Permanent Court of Arbitration tribunal has ruled on a sea and land border dispute between Croatia and Slovenia, defining the limits of their territorial waters for the first time and granting Slovenia direct access to the international waters beyond.

29 June 2017

Belgian arbitrator Hans van Houtte has resigned as president of the Iran-United States Claims Tribunal in The Hague after seven years in the role.

09 June 2017

A politically-sensitive arbitration between Ukraine and Russia over potentially oil-rich waters adjacent to Crimea is under way in The Hague, heard by a five-member tribunal chaired by South Korean judge Jin-Hyuin Paik that was constituted in accordance with the 1982 UN Convention of the Law of the Sea.

22 May 2017

East Timor has withdrawn two Permanent Court of Arbitration claims against Australia – including one involving allegations of espionage – as a conciliation aimed at resolving a maritime boundary dispute in the Timor Sea continues.

24 January 2017

East Timor is to terminate a treaty with Australia governing the exploitation of oil and gas reserves in the Timor Sea, potentially paving the way for the settlement of a maritime boundary dispute that has spawned espionage allegations and multiple proceedings in The Hague.

10 January 2017

Bulgaria’s national electricity company NEK has paid €602 million to a Russian state-owned entity to honour an ICC award, ending a politically sensitive dispute over a nuclear power plant that also gave rise to the threat of an investment treaty claim.

09 December 2016

An ICC tribunal has granted Turkish state pipeline company BOTAŞ a retroactive cut in the price of gas from Iran worth several billion dollars while ordering it to pay part of the Iranian side’s legal and arbitration costs.

22 November 2016

Russia’s former space agency Roscosmos and its partners have threatened to bring an investment treaty claim against France over the seizure of €300 million in funds that are the target of enforcement efforts by the former majority shareholders of Yukos.

24 October 2016

Ukraine’s national energy company Naftogaz and six of its subsidiaries have filed a US$2.6 billion investment treaty claim against Russia over the seizure of assets in Crimea following the Russian annexation of the peninsula in 2014 – making good on a threat reported by GAR in February.

20 October 2016