Work Area: State-to-state

East Timor and Australia to tear up oil and gas treaty

East Timor is to terminate a treaty with Australia governing the exploitation of oil and gas reserves in the Timor Sea, potentially paving the way for the settlement of a maritime boundary dispute that has spawned espionage allegations and multiple proceedings in The Hague.

10 January 2017

Bulgaria pays Russia to end nuclear dispute

Bulgaria’s national electricity company NEK has paid €602 million to a Russian state-owned entity to honour an ICC award, ending a politically sensitive dispute over a nuclear power plant that also gave rise to the threat of an investment treaty claim.

09 December 2016

Turkey and Iran see end to gas price review

An ICC tribunal has granted Turkish state pipeline company BOTAŞ a retroactive cut in the price of gas from Iran worth several billion dollars while ordering it to pay part of the Iranian side’s legal and arbitration costs.

22 November 2016

France warned of treaty claim over Yukos asset seizures

Russia’s former space agency Roscosmos and its partners have threatened to bring an investment treaty claim against France over the seizure of €300 million in funds that are the target of enforcement efforts by the former majority shareholders of Yukos.

24 October 2016

Russia faces US$2.6 billion claim over losses in Crimea

Ukraine’s national energy company Naftogaz and six of its subsidiaries have filed a US$2.6 billion investment treaty claim against Russia over the seizure of assets in Crimea following the Russian annexation of the peninsula in 2014 – making good on a threat reported by GAR in February.

20 October 2016

East Timor pipeline claim gets underway

As East Timor and Australia express “optimism” at the prospects of resolving their maritime boundary dispute through conciliation, a separate fight between the two states over pipeline taxes is getting underway at the Permanent Court of Arbitration in The Hague.

19 October 2016

The Sekolec scandal - a Croatian view of recent developments

LINK ADDED. While Croatia is declining to play any further part in a boundary dispute with Slovenia that was thrown off course by an arbitrator's ex parte communications with one side, an employee of the country's Ministry of Foreign and European Affairs has shared his views of the recent partial award issued by a recomposed tribunal.

03 October 2016

Australia fails to halt conciliation with East Timor

A commission at the Permanent Court of Arbitration has ruled that it is competent to hear a compulsory conciliation proceeding launched by East Timor to resolve a maritime border dispute with Australia.

26 September 2016

Ukraine brings maritime claim against Russia

Ukraine has instructed Covington & Burling for an arbitration against Russia over potentially oil-rich waters adjacent to Crimea – as another investment treaty claim looms relating to the annexation of that territory.

23 September 2016

East Timor calls on Australia to negotiate sea border

The Permanent Court of Arbitration has been hosting a first-of-its-kind “compulsory conciliation” proceeding initiated by East Timor to resolve a maritime boundary dispute with Australia that touches on the fate of valuable oil and gas reserves.

13 September 2016

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