An Aruba mining company and its affiliates have lodged a third ICSID claim against Venezuela in a long-running dispute over the alleged expropriation of two diamond and gold concessions, after two earlier cases proved unsuccessful.
24 July 2023
US confectionery investors have brought an US$80 million NAFTA legacy claim against Mexico, alleging they were denied justice through local courts’ handling of a dispute over the site of a sweets factory.
21 July 2023
A Dutch court has refused to stay enforcement of an award ordering an Indian-Sudanese joint venture to pay a Tanzanian state agency over the construction of three roads, reasoning that a pending challenge to the award has a low chance of success.
21 July 2023
Slovenia’s state electricity producer has reportedly won a €67 million UNCITRAL award against a Bosnian energy company over a power plant investment pre-dating the Bosnian war of the 1990s – as a related ICSID claim continues.
20 July 2023
A Turkish joint venture says that a Libyan state entity has agreed to pay US$35.4 million to settle an ICC dispute over a construction project disrupted by the country’s civil war.
19 July 2023
The UK has become the first European signatory to the CPTPP, an Indo-Pacific trade agreement containing ISDS provisions, as a UK public body advises the state to withdraw from the Energy Charter Treaty over climate change concerns.
19 July 2023
An ICSID tribunal has ordered Tanzania to pay nearly US$110 million to an Australian nickel miner over legislation that revoked its project licence.
18 July 2023
UPDATED: South Korea has applied to set aside an investment treaty award that requires it to pay US$108 million to New York hedge fund Elliott Associates for intervening in an US$8 billion merger, as the award becomes publicly available.
18 July 2023
The municipality of Lima has filed a criminal complaint against an UNCITRAL tribunal over an interim ruling prohibiting the termination of a toll-road concession – prompting one of the arbitrators, Peru’s Elvira Martínez Coco, to resign to defend herself.
17 July 2023
The Swedish Supreme Court has refused to hear a Luxembourg fund’s appeal against the annulment of a €56 million Energy Charter Treaty award against Spain.
17 July 2023
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