Global Arbitration Review - Investment Arbitration

Syndicate content
The most recent articles from investment arbitration
Updated: 1 year 7 weeks ago

Telecoms investor takes on Costa Rica

Tue, 2020-08-18 17:00

A Venezuelan investor has brought an ICSID additional facility claim against Costa Rica seeking at least US$25 million for the alleged expropriation of his mobile phone distribution business. José...

Switzerland will face first ICSID claim

Tue, 2020-08-18 12:00

A Seychelles entity has made good on its threat to bring a US$300 million treaty claim against Switzerland on behalf of Italian property investors, the first ICSID case the state has ever faced. ICSID...

Consulting firm appeals discovery for treaty dispute

Tue, 2020-08-18 12:00

A US consulting firm and its CEO have appealed a New York court’s order requiring them to produce evidence in aid of a Russian fund’s investment treaty claim against Lithuania, arguing the proceeding is...

Veon subsidiary seeks to revive Canada claim

Mon, 2020-08-17 12:00

An Egyptian subsidiary of Dutch telecoms group Veon has applied to ICSID to revive a US$1.8 billion bilateral investment treaty claim against Canada that was dismissed on the merits earlier this year....

UK injunction against funding of ICSID claim upheld

Mon, 2020-08-17 06:59

The Court of Appeal in London has upheld an injunction that prevents a UK company from funding a US$6 billion ICSID claim against Turkey, finding a judge was within his rights to conclude there was a serious...

ICSID panel challenged over decision to hold virtual hearing

Fri, 2020-08-14 12:00

Spain has for the second time challenged an ICSID tribunal hearing a renewables claim brought by several German banks – arguing that the arbitrators’ stated reasons for insisting on a virtual hearing are...

Faulty service dooms bid to revive DR-CAFTA claim

Fri, 2020-08-14 05:23

Two dual nationals who sought to revive a US$41.5 million DR-CAFTA claim against the Dominican Republic were out of time in serving set-aside proceedings on the state, a US court has ruled. In an opinion...

Blocked aerospace deal prompts threat against Ukraine

Thu, 2020-08-13 12:00

Chinese investors are reportedly considering international arbitration against Ukraine as the state continues to block their takeover of an aerospace company caught in the middle of a diplomatic power...

Telecoms claim against Sudan discontinued

Thu, 2020-08-13 12:00

The first ever ICSID claim against Sudan, brought by a Jordanian-Lebanese telecoms investor, has been discontinued by agreement of the parties.  The tribunal issued an order taking note of the discontinuance...

Papua New Guinea will face mining claim

Wed, 2020-08-12 12:00

Canadian mining company Barrick Gold has made good on its threat to file an ICSID claim against Papua New Guinea over the state’s refusal to extend a mining lease.  The claim, which has been brought...

Why tribunals should not ignore “red flags” of corruption

Wed, 2020-08-12 09:23

Responding to a recent GAR article on the value of requiring direct evidence to support allegations of illegality against an investor, Squire Patton Boggs partners John Branson and Raúl Manon argue that...

ICSID creditors fall out over Zimbabwe settlement

Tue, 2020-08-11 12:06

As Zimbabwe announces it will pay US$3.5 billion to white farm owners who were stripped of their land during the regime of former president Robert Mugabe, it has emerged that two of the state's ICSID creditors...

Norway reveals law firms rejected for ICSID case

Tue, 2020-08-11 12:00

As a tribunal is constituted to hear the first known investment claim against Norway, the state has revealed it rejected applications from 17 law firms when selecting external counsel for the ICSID case....

Finnish investor takes Egypt award to US court

Mon, 2020-08-10 12:00

A Finnish businessman has asked a US court to enforce an investment treaty award worth more than US$115 million he won against Egypt over the loss of his iron and steel business and his imprisonment –...

Romania to challenge award over environmental clean-up

Mon, 2020-08-10 12:00

Romania has issued a call for counsel as it prepares to challenge a €59 million ICC award won by Austrian oil and gas group OMV over the state’s failure to pay environmental clean-up costs.  The Romanian...

Australian miner secures funding for Tanzania claim

Sun, 2020-08-09 17:00

A Perth-based miner says it will make good on a threatened ICSID claim against Tanzania over the revocation of project licences after it secured funding for the case. In a press release on 6 August,...

Uruguay defeats multibillion-dollar mining claim

Fri, 2020-08-07 12:00

A tribunal at the Permanent Court of Arbitration has dismissed a US$4 billion investment treaty claim brought against Uruguay by the children of Indian mining investor Pramod Agarwal, ruling that their...

Sierra Leone free to pursue criminal case, rules ICSID panel

Thu, 2020-08-06 17:00

An ICSID tribunal hearing a claim against Sierra Leone has refused to restrain the state from pursuing criminal proceedings against several of the claimant’s local employees – who had been accused of inciting...

Tobacco investors put Ukraine on notice

Thu, 2020-08-06 12:00

Two international tobacco companies have threatened Ukraine with investment treaty claims over fines imposed for conspiring to monopolise the country’s cigarette market, with two other companies considering...

Ukraine on notice from tobacco investors

Thu, 2020-08-06 12:00

Two international tobacco companies have threatened Ukraine with investment treaty claims over fines imposed for conspiring to monopolise the country’s cigarette market, with two other companies considering...