Work Area: Investor-state arbitration
Lima will terminate concession despite tribunal order
The mayor of Lima has said he will proceed with the termination of a concession contract at the centre of a pending case at the Permanent Court of Arbitration – defying a provisional measures order from the tribunal.
14 July 2023
Finnish energy company threatens Russia with multibillion-euro claim
Finland’s majority state-owned energy company has threatened Russia with an investment treaty claim worth several billion euros after its operations in the country were seized under a presidential decree.
13 July 2023
Huawei retains Simmons for treaty dispute with UK
Chinese telecoms group Huawei is taking counsel from Simmons & Simmons in a potential investment treaty claim against the UK.
13 July 2023
Shipbuilder drops claims in Mozambique bribery dispute
Mozambique has seen the end of four arbitrations lodged by an Abu Dhabi-based shipbuilder that the state accused of paying bribes to procure sovereign guarantees for lenders – allegations at the centre of a US$2 billion lawsuit pending in the UK courts.
12 July 2023
Mining magnate files second treaty claim against Australia
Details have emerged of a second investor-state arbitration that mining magnate Clive Palmer is pursuing against Australia, reportedly worth US$41.3 billion and relating to coal permits.
12 July 2023
Venezuela defeats bulk of resubmitted Exxon claim
US oil and gas company ExxonMobil has won US$76 million in a resubmitted ICSID claim worth US$1.4 billion against Venezuela over the expropriation of two oil projects.
11 July 2023
Plane released as Tanzania settles sugar cane dispute
Tanzania appears to have settled its dispute with Swedish investors in a failed sugar-cane project, securing the release of a grounded plane after withdrawing its challenge to a US$165 million award.
10 July 2023
Germany pays to end car toll dispute
UPDATED: Germany has agreed to pay €243 million to a European joint venture to settle a dispute at the German Arbitration Institute (DIS) over a cancelled contract for a car toll system, but a second arbitration reportedly continues.
06 July 2023
Panel formed to hear claims over Romanian film company
A panel is in place at the Permanent Court of Arbitration to hear treaty claims brought by two brothers against Romania over the Communist-era expropriation of their family’s film company.
06 July 2023
Paris court upholds dual nationals’ award against Venezuela
The Paris Court of Appeal has upheld a jurisdictional award in favour of two Spanish-Venezuelan nationals in a long-running dispute with Venezuela, ruling the underlying treaty did not preclude them from bringing the claim.
05 July 2023