Feed aggregator

Belize threatened over port nationalisation plan

Businessman and former UK politician Michael Ashcroft has threatened Belize with a US$85 million treaty claim over proposals to nationalise a major port crippled by extended strike action – five years...

Solar investor seeks new ruling after award annulment

A UK solar investor has asked the committee that annulled its €128 million award against Spain over arbitrator Stanimir Alexandrov’s failure to disclose a relationship with one of the claimant’s expert...

Moldova restrained from rescinding airport concession

An SCC emergency arbitrator has ordered Moldova to refrain from terminating a concession to operate the country’s main international airport while it hears an €885 million investment treaty claim against...

Venezuela fails to throw out food industry claim

An ICSID tribunal has rejected Venezuela's preliminary objections to a claim over the alleged expropriation of a prominent family’s assets in the country’s food industry – allowing the case to move to...

Kazakhstan defeats claim under Soviet treaty

Kazakhstan has defeated a US$917 million claim brought by a Canadian joint venture over the termination of a contract for a gold mining enterprise, after a tribunal found the state was not bound by an...

Casino investors warn Chile of potential ICSID claims

A gaming association has warned Chile that a public tender process for casino concessions that it says is illegal could result in multiple ICSID claims.  In a statement on 28 July, the Chilean Association...

Chile warned of ICSID claims by casino investors

A gaming association has warned Chile that a public tender process for casino concessions that it says is illegal could result in multiple ICSID claims.  In a statement on 28 July, the Chilean Association...

Miner threatens Mexico with tax claim

A US precious metals miner has threatened to bring a US$45 million NAFTA claim against Mexico in a dispute over tax rebates it says are owed to its local subsidiary. The Mexican government today disclosed...

NAFTA award upheld in Canada

A Canadian court has rejected Mexico’s challenge to a partial award that upheld jurisdiction over a US$450 million NAFTA claim by a group of US investors in the country’s gaming industry. In an opinion...

Georgia sees billion-dollar dispute come into port

Georgia is facing parallel ICC and ICSID claims collectively worth more than US$1 billion over its cancellation of a contract to develop a deep-water port. The Anaklia Development Consortium (ADC) announced...

Georgia sees billion-dollar dispute come into port

Georgia is facing parallel ICC and ICSID claims collectively worth more than US$1 billion over its cancellation of a contract to develop a deep-water port. The Anaklia Development Consortium (ADC) announced...

Imprisoned Chinese businessman files claim against South Korea

A Chinese businessman has filed an ICSID claim against South Korea, seeking compensation for the alleged expropriation of his real estate company and court proceedings that led to his imprisonment on charges...

Claims filed over multibillion-euro eyewear merger

Franco-Italian eyewear group EssilorLuxottica is facing a pair of arbitrations over its planned €5.5 billion purchase of a rival Dutch brand, after raising concerns about measures taken by the target company...

Germany fights claim over cancelled toll project

Germany is defending a €560 million claim at the German Institution of Arbitration (DIS), filed by two joint venture partners after their contract to build and operate a toll system was cancelled. German...

Malaysian plantations agency heads to SIAC

The Singapore International Arbitration Centre is hearing a US$500 million dispute between a scandal-ridden Malaysian government agency and an Indonesian conglomerate arising from the controversial purchase...

Greece held liable over shipyard seizure

An ICSID tribunal has found Greece liable for the seizure of one of the country’s largest shipyards and several submarines – but dismissed several claims it said had already been ruled on in two prior...

Ukrainian state entity reports win in arms dispute

A Ukrainian state-owned defence contractor says it has won almost US$9 million in an SCC claim against a US company whose management it accused of embezzling funds relating to a production line for projectile...

Maduro government fails to dislodge Conoco committee

The government of Nicolás Maduro in Venezuela has failed to disqualify all three members of an ICSID annulment committee reviewing a US$9 billion award in favour of ConocoPhillips – after they refused...

Hilton can quiz partner over assets in Maldives

The Singapore Court of Appeal has ruled that US hotel group Hilton can gather information about assets in the Maldives held by its former business partner to help execute a pair of ICC awards – even though...

UK energy company puts Slovenia on notice

A UK oil and gas company has notified Slovenia of its intention to bring an investment treaty claim after it was denied a permit to boost productivity at two natural gas wells without an environmental...

Syndicate content