Work Area: Investor-state arbitration

Eni gets final injunction against Nigerian partner

Eni has won a final anti-suit injunction in the UK against its local partner in a Nigerian oil block following a US$200 million ICC arbitration – as three NGOs are permitted to weigh in on corruption issues in an unrelated ICSID case.

08 March 2023

Spain fails to annul European investors’ solar award

An ICSID committee has upheld a €31 million Energy Charter Treaty award won by European investors against Spain – concluding the tribunal's findings on intra-EU disputes had been "logical and reasonable".

08 March 2023

Greece passes new arbitration law

Greece has passed a new international arbitration statute that one practitioner involved in its drafting has described as the UNCITRAL Model Law “on steroids”.

08 March 2023

Turkey defeats bulk of uranium mining claim

Turkey has defeated the bulk of an ICSID claim brought by a US-based company over the revocation of uranium mining project licences.

07 March 2023

Oil trader wins ECT award against Poland

A Cyprus-registered oil trader has won US$47.6 million in an Energy Charter Treaty claim over Poland’s refusal to comply with decisions by its own courts ordering the state to pay interest on a repaid fine.

07 March 2023

Nigeria fails to undo UK recognition of power plant award

The Commercial Court in London has upheld the recognition of an UNCITRAL award against Nigeria issued six years ago in a dispute over a US$200 million power privatisation.

06 March 2023

Mexico faces NAFTA legacy claims as deadline looms

Canadian mining investors have lodged a NAFTA legacy claim against Mexico and threatened another, as the deadline to bring such cases approaches.

03 March 2023

Kazakhstan seeks to overturn US enforcement of Stati award

Kazakhstan has asked a US court to reverse its decision to enforce a US$500 million Energy Charter Treaty award, arguing the Moldovan creditors have turned the court into an “unwitting instrument of a massive fraud”.

03 March 2023

Nicaragua defeats ICSID claim over oil and gas concession

An ICSID tribunal has rejected a claim worth up to US$198 million brought by a group of US investors against Nicaragua over the termination of an oil and gas concession.

02 March 2023

Cameroon challenges Clay in pipeline case

Cameroon has sought to disqualify French arbitrator Thomas Clay from hearing an ICSID dispute with an oil consortium.

02 March 2023

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