Work Area: Investor-state arbitration

Turkish construction group files ICSID claim against Saudi Arabia

A Turkish construction company that previously brought treaty claims against Libya and Syria has now lodged an ICSID case against Saudi Arabia, alleging it is the victim of a denial of justice in the country's courts.

22 August 2023

Libyan civil war claim terminated

A Tunisian investor that sought US$75 million from Libya for losses incurred during the country’s 2011 civil war has had its treaty claim terminated for failing to pay its share of the advance on costs.

21 August 2023

Albanian group brings ICSID claim against North Macedonia

An Albanian group has brought a US$110 million ICSID claim against North Macedonia over a stalled project to build a hotel and commercial centre in the state’s capital.

21 August 2023

Rosneft prepares investment claim against Germany

A law firm advising Rosneft has confirmed the Russian state-controlled energy company is preparing an investment arbitration against Germany over the seizure of oil refinery assets.

17 August 2023

Venezuela creditors flock to take part in Citgo auction

ExxonMobil has joined a line of Venezuela’s creditors seeking to take part in the court-supervised auction of an interest in a state-owned refinery business, which is reportedly valued at US$13 billion.

16 August 2023

Russian airline threatens treaty claim against Canada

Russia’s largest cargo airline has threatened to file an investment treaty claim against Canada over the seizure of one of its aircraft at Toronto airport.

15 August 2023

Peru liable in airport dispute at ICSID

An ICSID tribunal has found Peru liable in a dispute with an Argentine-led consortium over a concession for an airport near Machu Picchu, with damages still to be finalised.

15 August 2023

Swiss investor fails to revive ECT claim against Romania

Swiss energy company Alpiq has failed to revive its US$450 million Energy Charter Treaty claim against Romania over cancelled supply contracts.

15 August 2023

US investment funds lodge ICSID claim against Mexico

A pair of US investment funds involved in a legal battle to recover debt from Mexico’s second-largest mass media company have brought a NAFTA legacy claim against the state at ICSID.

14 August 2023

French waste company takes Morocco to ICSID

A French waste management company that withdrew some of its services from Morocco has lodged an ICSID claim against the North African state.

14 August 2023

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