Topic: Dissents

Russian claimant holed up in embassy loses case against Kuwait

A businesswoman who took refuge in the Russian embassy in Kuwait after being convicted of money laundering and embezzlement has lost an investment treaty claim against the Gulf state relating to her treatment.

15 August 2022

Ecuador liable for moral damages in oilfield dispute

An UNCITRAL tribunal has ordered Ecuador to pay US$11 million to a Singaporean company in an oil field dispute, including moral damages for its “malicious” behaviour in a related criminal proceeding.

08 June 2022

Mexico defeats bulk of claim over ship seizures

A divided UNCITRAL tribunal dismissed the bulk of a Singaporean investor’s US$227 million treaty claim against Mexico relating to the seizure of vessels during a fraud probe, a newly published ICSID award reveals.

12 May 2022

Spain hit with another ECT award

A divided ICSID tribunal has ordered Spain to pay almost €33 million to a Mexican billionaire’s company over cuts to the state’s renewable energy subsidy regime.

10 May 2022

Spanish agricultural group wins big against Venezuela

A divided ICSID tribunal has ordered Venezuela to pay nearly US$3 billion including interest for expropriating the assets of a Spanish agricultural group, after US sanctions forced a law firm representing the state to withdraw.

25 March 2022

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