Work Area: Investor-state arbitration
Venezuela defeats dual national's pharma claim
An UNCITRAL tribunal has declined jurisdiction over a US$200 million investment treaty claim brought by a dual national against Venezuela over the expropriation of a pharmaceutical business.
28 July 2023
Czech Republic declares win in lottery terminal dispute
Cypriot companies owned by a former Czech senator have lost a US$164 million investment treaty claim against the Czech Republic over the cancellation of a licence to operate video lottery terminals.
28 July 2023
US railroad investor brings NAFTA claim against Mexico
An American railroad investor has filed a NAFTA legacy claim against Mexico at ICSID, the fourth claim brought under the treaty at the centre in the past week.
28 July 2023
Silicon Valley centre to publish AI guidelines
The Silicon Valley Arbitration and Mediation Centre (SVAMC) has established a task force to draft guidelines on the use of artificial intelligence in international arbitration, with publication expected in September.
28 July 2023
German courts offer protection to states facing intra-EU ICSID claims
DECISIONS NOW PUBLISHED: The German Federal Court of Justice has held that EU member states can use the German courts to seek legal protection against intra-EU ICSID claims filed under the Energy Charter Treaty.
27 July 2023
Remedies under scrutiny at ITA workshop
The Institute for Transnational Arbitration’s latest workshop considered whether remedies in international arbitration are delivering effective redress. Ciara Ros of Vinson & Elkins in London reports.
27 July 2023
Nigeria too late to invoke state immunity in London
A UK appeal court has affirmed that a judge who granted ex parte enforcement of an investment treaty award against Nigeria did not have to undertake further investigation of sovereign immunity issues in circumstances where the state missed a deadline to challenge the order.
25 July 2023
Tanzania taken to ICSID over island resort
A UK real estate developer has made good on its threat to file a billion-dollar ICSID claim against Tanzania over a terminated lease for an island resort project – as the state says it will challenge a recent award over a nickel mine.
24 July 2023
Czech Republic avoids security order in plasma saga
The Commercial Court in London has refused to order the Czech Republic to pay security for the award or security for costs while it challenges a US$650 million investment treaty award over a blood plasma business – calling the investors’ costs estimate “absurdly high”.
24 July 2023
Canadian miner brings second NAFTA claim against Mexico
A Canadian silver mining company has launched a second ICSID case against Mexico over a tax dispute, the latest in a flurry of claims brought against the state under the recently expired legacy provisions of the North American Free Trade Agreement (NAFTA).
24 July 2023