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South African oil company wins ICC award against Congo

A South African oil exploration company has reportedly been awarded US$617 million in an ICC claim against the Democratic Republic of the Congo over the state’s failure to honour two oil contracts. ...

GE wins award in Taiwan nuclear dispute

A subsidiary of General Electric has won US$158 million in an ICC claim against a Taiwanese government-owned utility over two reactors at a nuclear power plant that was scrapped in the wake of the Fukushima...

Italian court allows enforcement against Kazakhstan

An Italian court has permitted Moldovan investors to enforce a US$530 million Energy Charter Treaty award against Kazakhstan despite the state’s allegations that it was obtained by fraud. In a ruling...

Lat Am banking merger leads to ICC award

An ICC tribunal has ordered the majority shareholders in a Colombian bank to buy out their minority partner’s interest – in a dispute arising from a US$2 billion merger transaction spanning Brazil and...

Czech Republic faces ECT threat from coal producer

The liquidators of a Central European hard coal producer have threatened the Czech Republic with an Energy Charter Treaty claim worth hundreds of millions of euros after its local operations were sold...

Treaty claim over telecoms fails at ICC

An ICC tribunal has dismissed a US$475 million treaty claim against Poland brought by entities linked to one of its wealthiest nationals over measures relating to the allocation of mobile internet spectrum....

Panel of five decides Angolan telecoms case

A subsidiary of Brazilian telecoms group Oi has been awarded US$650 million in an ICC case against its fellow shareholders in Angolan mobile carrier Unitel – a dispute that was heard by a five-member arbitral...

Injunction upheld in Armani fashion dispute

The Hong Kong Court of First instance has upheld an anti-suit injunction obtained by Italian fashion designer Giorgio Armani’s business in aid of an UNCITRAL claim against a Chinese retailer.   In a...

Mining company seeks to enforce against Bolivia

A subsidiary of Canada’s TriMetals Mining has asked a US court to enforce an US$18.7 million investment treaty award that held Bolivia liable for nationalising a silver mining project targeted by protests...

Treaty award against Ukraine enforced in Russia

A Russian oil and gas producer has won permission to enforce a US$112 million investment treaty award against Ukrainian state assets in Russia. The Arbitrazh Court for the Stavropol Region delivered...

Russia liable for seizure of Naftogaz assets in Crimea

Ukrainian state-owned energy company Naftogaz says it has prevailed on liability in an investment treaty claim against Russia concerning the seizure of assets in Crimea – with a US$5 billion damages claim...

Louis Dreyfus owners settle family feud

Swiss billionaire Margarita Louis-Dreyfus has settled an ICC dispute with members of her family over a buyout of their interests in one of the world’s largest traders in agricultural commodities. On...

Louis-Dreyfus family settle billion-dollar feud

Swiss billionaire Margarita Louis-Dreyfus has settled an ICC dispute with members of her family over a buyout of their interests in one of the world’s largest traders in agricultural commodities. On...

Iraqi ex-minister too late to challenge treaty award

A former Iraqi government minister has been denied permission to pursue a belated challenge to an investment treaty award in favour of Pakistan in the English courts – as it emerges that a parallel set-aside...

Malaysian oil company wins set-aside in Mumbai

The Bombay High Court has set aside a US$113 million award obtained by an Indian state-owned company against its Malaysian partner in an eight-year arbitration over a failed venture to develop an offshore...

Oil companies fight Oxy for share of ICSID award

Houston-based Occidental Petroleum has failed in a bid to restrain Canadian oil and gas company Encana from pursuing claims against it in an ICDR-administered arbitration over rights to the proceeds of...

Oil companies fight Oxy for share of ICSID award

Houston-based Occidental Petroleum has failed in a bid to restrain Canadian oil and gas company Encana from pursuing claims against it in an ICDR-administered arbitration over rights to the proceeds of...

Annulment of investment treaty awards

A London seminar organised by the BIICL Investment Treaty Forum and Baker Botts considered the annulment of investment treaty awards, with a particular focus on intra-EU arbitration in the wake of Achmea....

Mexico faces claims from oil and hotel investors

A NAFTA tribunal has begun hearing a US$700 million claim against Mexico brought by a group of US investors in an oil services business, as the state faces two other treaty disputes worth a combined US$95...

Venezuela’s rival governments clash in US court

A US court hearing Venezuela’s appeal against the enforcement of a US$1.4 billion investment treaty award has agreed to stay the proceedings at the request of lawyers representing Juan Guaidó, the opposition...

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