Work Area: Investor-state arbitration

Yukos shareholders to auction Russian vodka trademarks

The former Yukos majority shareholders are preparing to auction off seized trademarks to “iconic” Russian Vodka brands in the Netherlands, as they seek to cash in on their US$50 billion awards against the state.

11 October 2022

Ecuador lodges further appeal over Chevron award

Ecuador has appealed to the Dutch Supreme Court to challenge an investment treaty award that held the state liable for a denial of justice in a US$9.5 billion environmental dispute with US oil company Chevron.

11 October 2022

UK investor prepares island resort claim against Tanzania

A UK real estate developer is reportedly preparing to launch an ICSID claim against Tanzania after its lease for a US$1.6 billion island resort project was terminated.

10 October 2022

Swiss court upholds multibillion-dollar Yukos award

UPDATED: The Swiss Supreme Court has upheld a multibillion-dollar award issued against Russia in one of the second wave of Energy Charter Treaty cases relating to the collapse of Yukos.

07 October 2022

Curtis wins bid to advise Mexico in 13 disputes

Curtis Mallet-Prevost Colt & Mosle has won a tender to advise Mexico in 13 investment disputes after seeing off competition from six other firms.

07 October 2022

Chinese mining investor brings claim against Ecuador

A Chinese mining company that says it lost control over a gold and silver project in Ecuador after it was invaded by activists has made good on its threat to file an investment treaty claim.

06 October 2022

Iraq wins early dismissal of billion-dollar ICSID claim

An ICSID tribunal has summarily dismissed a US$1 billion ICSID claim against Iraq brought by a German company that said its cement production business was expropriated.

06 October 2022

Businessman backs Mexico’s challenge to NAFTA award

A businessman has made an unusual intervention in support of Mexico’s challenge to a NAFTA award, arguing the arbitrators’ finding that he masterminded a fraudulent scheme was “devastating” to his reputation.

06 October 2022

Mexican utility liable in LCIA dispute over power plant

An LCIA tribunal has ordered Mexico’s state-owned electric utility to pay US$22 million to a consortium of Spanish construction companies for cost overruns at a power plant project – as details emerge of a separate award issued against the utility last year.

04 October 2022

French court won’t revive treaty claim against Venezuela

The Paris Court of Appeal has refused to resurrect a US$600 million BIT claim brought by two real estate investors against Venezuela, ruling the arbitrators were right to find the treaty’s offer of UNCITRAL arbitration was “obsolete”.

03 October 2022

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