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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...

Renewables investors to renounce claims 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...

Azerbaijani investor to claim against Georgia

An Azerbaijani investment group says it will file an ICSID claim against Georgia after state authorities appointed a special manager to the board of a local internet provider in which it has an interest....

Fintech claim against Kosovo underway

An ICC tribunal has begun hearing a claim brought against Kosovo by an Estonian fintech company after the state’s central bank revoked the business licence of its subsidiary due to the interest rates charged...

Spanish food importer threatens Mexico

A Spanish businessman who ran a business importing gourmet foods has threatened to bring an investment treaty claim against Mexico after its customs authorities impounded and destroyed a container of his...

Australian miner launches claim against Tanzania

A Perth-based miner has made good on a threatened US$95 million ICSID claim against Tanzania over the alleged expropriation of a nickel project following the state’s revocation of various mining licences....

Nigeria overturns security order in mega-award challenge

The Commercial Court in London has ordered the release of US$200 million that Nigeria paid in security as it challenges a US$10 billion award over a failed gas deal, after recently finding the state has...

Wales prevails in roadworks dispute

The Welsh government has secured a win on liability in an ad hoc arbitration with a UK construction group relating to cost overruns on a £340 million road expansion project. London-listed Costain Group...

UK court restrains Russian securities suit

The Commercial Court in London has restrained an insolvent Russian bank from pursuing a US$140 million lawsuit in St Petersburg over securities contracts, finding the dispute should be heard in LCIA arbitration. ...

Panama Canal Authority reports win in ICC case

An ICC tribunal has ordered the consortium that worked on the expansion of the Panama Canal to repay US$265 million to the country's canal authority while awarding the contractor a smaller amount of damages. ...

Airport investor brings tax claim against Ecuador

A Canadian construction company is pursuing an investment treaty claim against Ecuador over taxes relating to the construction of Quito’s international airport – nine years after an ICSID case over the...

Mayer to stay on Cameroon case despite Klöckner appearance

French arbitrator Pierre Mayer will continue hearing an ICSID case against Cameroon after surviving a challenge brought on the basis of his failure to disclose advocacy work he performed for the state...

Florida court enforces Venezuelan mining award

A Florida court has enforced a US$188 million award against a Venezuelan state-owned entity over an iron ore project that buckled during economic turmoil in the wake of the death of the country’s former...

Florida court enforces Venezuelan mining award

A Florida court has enforced a US$188 million award against a Venezuelan state-owned entity over an iron ore project that buckled during economic turmoil in the wake of the death of the country’s former...

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