Global Arbitration Review - Investment Arbitration

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The most recent articles from investment arbitration
Updated: 1 year 50 weeks ago

Nigeria overturns security order in mega-award challenge

Tue, 2020-09-29 13:00

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

Tue, 2020-09-29 13:00

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...

Panama Canal Authority reports win in ICC case

Mon, 2020-09-28 13:00

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

Sun, 2020-09-27 18:00

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

Sun, 2020-09-27 18:00

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

Fri, 2020-09-25 13:00

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...

India liable in Vodafone tax dispute

Fri, 2020-09-25 13:00

Vodafone says it has prevailed in a multi-billion dollar dispute with India, after a tribunal at the Permanent Court of Arbitration found the state liable over its pursuit of a retroactive tax bill. ...

Albania faces ICSID claim over seized port terminal

Thu, 2020-09-24 13:00

Investors in a container terminal at a port on Albania’s Adriatic coast have made good on a threat to file a €100 million ICSID claim after the site was seized by bailiffs following the termination of...

Vedanta award enforced against India

Tue, 2020-09-22 18:00

The Indian Supreme Court has enforced a US$278 million UNCITRAL award won by a subsidiary of Vedanta Resources and its partners against India, rejecting the state’s arguments that the enforcement petition...

Interim award upheld in mega-claim over Iranian gas

Tue, 2020-09-22 11:15

Iran’s national oil company has failed to overturn an interim award in favour of the UAE’s Crescent Petroleum in an US$18.6 billion dispute over a terminated gas supply deal. In an anonymised judgment...

Gambia settles claim over offshore oil blocks

Mon, 2020-09-21 18:00

A London-based oil company has agreed to settle an ICSID claim against The Gambia over the renewal of exploration licences for two offshore oil blocks. On 19 September, Oslo-listed PetroNor E&P (formerly...

Turkey faces ICSID claim over nationalised energy group

Mon, 2020-09-21 13:00

A Singaporean holding company has launched an ICSID claim against Turkey over the nationalisation of an energy conglomerate following a failed coup attempt in 2016. ICSID today published details of...

Algeria defeats bid to revive “abusive” multibillion claim

Fri, 2020-09-18 13:00

A company managed by Egyptian billionaire Naguib Sawiris has failed to revive a US$4 billion ICSID claim against Algeria that was dismissed three years ago as an abuse of rights. Luxembourg-registered...

Romania faces renewable energy claim

Thu, 2020-09-17 18:00

44 solar investors from Europe and the Middle East have filed an ICSID claim against Romania over changes to the state's renewables regime.  The claim, which has been brought under the Energy Charter...

Chevron defeats Ecuador's challenge to denial of justice award

Thu, 2020-09-17 13:00

A Dutch court has rejected Ecuador’s bid to overturn an investment treaty award holding it liable for denial of justice in its US$9.5 billion dispute with Chevron over environmental contamination in the...

Ad agency brings treaty claim against Czech Republic

Thu, 2020-09-17 13:00

The world’s largest outdoor advertising company has made good on its threat to file a €40 million investment treaty claim against the Czech Republic over the termination of a long-term agreement for advertising...

Russian bank’s emergency award rebuffed in Ukraine

Thu, 2020-09-17 09:12

The Kiev Court of Appeal has refused to enforce an SCC emergency arbitrator award that restrained Ukraine from forcibly selling the assets of a Russian state-owned development bank. In a decision on...

US targets Clyde & Co award funds

Thu, 2020-09-17 09:00

The US Department of Justice is attempting to seize the proceeds of an arbitral award held by Clyde & Co that Malaysian authorities say can be traced to the 1MDB corruption scandal.   The DOJ filed...

Libya challenges treaty award in US court

Wed, 2020-09-16 09:50

Libya has asked a US court to vacate an investment treaty award that requires it to pay more than €83 million to an Austrian investor in six construction projects that were disrupted by the country’s 2011...

Italy liable over renewables reforms

Tue, 2020-09-15 13:00

A majority ICSID tribunal has ordered Italy to pay more than €18 million to subsidiaries of a German solar investor in an Energy Charter Treaty claim over changes to renewables tariffs. In a 354-page...