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Spain solar case moves to quantum phase

An ICSID tribunal has found Spain liable for breaching a German solar investor’s legitimate expectations through the state’s renewable energy reforms – but said it would apply a discount to the damages...

Another bank’s claim against Croatia clears intra-EU hurdle

An ICSID tribunal hearing an Austrian bank’s claim against Croatia has by majority rejected the state’s argument that the underlying bilateral investment treaty is incompatible with the EU legal order...

Orange brings claim against Iraq

French telecoms group Orange has filed an ICSID claim against Iraq over the alleged expropriation of its US$400 million investment in a Kurdistan-based mobile phone operator. The Financial Times reported...

Renewables investors renew threats against Ukraine

Renewable energy investors are once again preparing to file investment treaty claims against Ukraine over reforms to its tariffs regime, alleging the state has failed to make good on an agreement designed...

Egypt fails to knock out mining claim

An ICSID tribunal has refused to dismiss a third-party funded claim brought against Egypt by Australia-based mining investors, ruling that the treaty between the countries contains advance consent to arbitration....

Pasta maker can’t reheat fraud claim

A German family-owned pasta business has failed to reopen a Stockholm Chamber of Commerce award in favour of a US distributor on the basis of new evidence that allegedly showed it rested on fraudulent...

Amazon files SIAC claim to halt Indian retail deal

Amazon has launched a SIAC claim against an Indian conglomerate to block the US$3.4 billion sale of its retail business to Reliance Industries. Indian media reported last week that the US company had...

Israeli investor fails in claim against Guatemala

A divided UNCITRAL tribunal has dismissed an Israeli energy company’s US$117 million claim against Guatemala, ruling that the state is not liable for pursuing a criminal investigation into the tax affairs...

Qatari bank brings claim against South Sudan

South Sudan is facing an ICSID claim from a commercial bank part-owned by Qatar’s sovereign wealth fund that reportedly lent hundreds of millions of dollars to the country during its civil war. The...

Korean videogame dispute heads to next level

A South Korean videogame developer has said it will apply to overturn an ICC award holding it liable in a dispute over an online role-playing game, as it fights a US$2 billion damages claim.  According...

Spain seeks to annul renewables award

Spain is seeking to annul an Energy Charter Treaty award won by European hydropower investors, in one of the many cases relating to the state’s renewable energy reform. The state’s request to annul...

Eni brings ICSID case over Nigeria corruption claims

Italian energy company Eni has launched an ICSID arbitration against Nigeria in response to the state’s allegations that its US$1 billion purchase of an oil prospecting licence was the product of corruption....

Italy faces new renewables claim

A group of renewable energy investors is the latest to bring an Energy Charter Treaty claim against Italy over reforms to its solar power sector. The claim, brought by Frankfurt-listed Encavis and 58...

Nigeria defeats multibillion-dollar oil claim

Nigeria has defeated an ICSID claim said to be worth around US$3 billion, brought by US investors who alleged the state had conspired to expropriate their stake in an oil exploration venture. In a unanimous...

Slovakia avoids damages in water dispute

An UNCITRAL tribunal has found Slovakia liable in a €128 million claim brought by a Polish mineral water producer, while refusing to grant the claimant any damages.  In an award issued today, a tribunal...

GE hits back in Angolan power plant dispute

General Electric has filed two ICC claims against an African energy company that accuses it of encouraging the Angolan government to terminate a power plant project worth US$1.1 billion. Two GE subsidiaries...

SIAC award survives challenge over excluded in-house rep

The Singapore High Court has upheld a SIAC award despite allegations that the tribunal breached procedure by preventing the claimant’s general manager from serving as co-counsel alongside its external...

Chevron resumes claim against Thailand

Chevron has resumed a US$2 billion contractual arbitration against Thailand over decommissioning costs for an offshore gas field. The US oil company told Reuters last week that it had been “regretfully...

Renewables investors to renounce awards against Spain

A Dutch energy company will waive a €64.5 million Energy Charter Treaty award against Spain in order to qualify for the state’s new renewables incentives regime, while two other award creditors may soon...

Chevron resumes claim against Thailand

Chevron has resumed a US$2 billion contractual arbitration against Thailand over decommissioning costs for an offshore gas field. The US oil company told Reuters last week that it had been “regretfully...

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