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Why tribunals should not ignore “red flags” of corruption

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

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

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

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

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...

Loan fraud suit proceeds in Caribbean court

A court in the Caribbean island nation of Saint Kitts and Nevis has refused to strike out litigation against a US businessman accused of overseeing an elaborate stock loan fraud scheme – despite his arguments...

Australian miner secures funding for Tanzania claim

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,...

Timor Sea oil block dispute settles

An Asian-Australian consortium has settled a US$45 million ICC dispute with an East Timor government authority over a petroleum block in the Timor Sea. Australian company Oilex, which operates the block,...

Parties settle Timor Sea oil block dispute

An Asian-Australian consortium has settled a US$45 million ICC dispute with an East Timor government authority over a petroleum block in the Timor Sea. Australian company Oilex, which operates the block,...

Uruguay defeats multibillion-dollar mining claim

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

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

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

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...

Chevron defeats bid to enforce Amazonian pollution judgment

The Argentine Supreme Court has refused to enforce a US$9.5 billion judgment against Chevron over environmental pollution in the Amazon that an UNCITRAL tribunal has found to be a denial of justice. ...

Tribunal challenged in Latvian metal plant case

A Ukrainian co-owner of a scrap metal company has challenged all three arbitrators hearing its ICSID claim against Latvia over a bankrupt metallurgical plant. On 30 July, Eugene Kazmin filed a proposal...

Ukrainian state entity’s claim against Russia underway at PCA

A Ukrainian state entity’s investment treaty claim against Russia over the expropriation of its Crimean assets is underway at the Permanent Court of Arbitration, with the tribunal rebuffing an early effort...

Panel rules against Korea in bridge dispute

A bridge concessionaire says it has prevailed in an ICC dispute with South Korea over the interpretation of a non-compete clause in its contract and its entitlement to compensation following the approval...

Investors in mass ICSID claim ordered to pay security

An ICSID tribunal has ordered almost 1,000 Greek and Luxembourgish investors who are bringing a claim against Cyprus to pay security for costs, having previously noted the “unique” difficulty the state...

Ukraine state entity’s PCA claim against Russia underway

A Ukrainian state entity’s investment treaty claim against Russia over the expropriation of its Crimean assets is underway at the Permanent Court of Arbitration, with the tribunal rebuffing an early effort...

Miner secures funding for Peru claim

A Canadian company has secured US$4.1 million in backing from a UK funder as it prepares to file an investment treaty claim against Peru over a gold mining project halted by a rural community blockade....

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