A Saudi-owned Spanish renewables investor has filed a BIT claim against Mexico, while Hungary is facing an Energy Charter Treaty claim brought by a Cypriot entity linked to a defunct Austrian bank.
14 March 2024
ExxonMobil has launched an ICC claim against its partner in a valuable oil block off the coast of Guyana, potentially disrupting a US$53 billion takeover deal.
07 March 2024
A Russian court has ordered a Czech state-owned gas transporter to halt a Prague arbitration against Gazprom’s exports arm or face a €113 million penalty.
07 March 2024
BP is preparing to file an arbitration worth more than US$530 million against embattled US construction group McDermott over its failure to perform a contract to install subsea pipelines for an LNG project on the maritime border of Senegal and Mauritania.
05 March 2024
Panama has defeated a US$100 million ICSID claim brought by an Italian-owned company that alleged the state had expropriated its biofuel operations and wrongfully fined it for environmental pollution.
04 March 2024
The Paris Court of Appeal has upheld its earlier ruling permitting Libya to appeal the enforcement of a €280 million award – the third judgment the court has issued in recent months involving the state or entities it owns.
27 February 2024
A London-listed oil and gas company has instructed counsel as it prepares to file the first known investment treaty claim against Ireland, for which it is also seeking third-party funding.
26 February 2024
An ICSID tribunal has declined to order a UK company to post security for costs in a €656.5 million claim over Slovenia’s blanket ban on fracking for natural gas.
23 February 2024
A Chinese consortium is pursuing a €200 million claim in a London arbitration against two Cypriot state-owned entities over a delayed project to construct a liquefied natural gas terminal.
21 February 2024
A Dutch appeal court has rejected Russia’s arguments that awards worth US$60 billion in favour of the former majority shareholders of Yukos were tainted by procedural fraud, finding that the allegations were time-barred and unlikely to have changed the outcome of the arbitration.
20 February 2024
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