Region: Canada
Mexico fails to quash NAFTA denial of justice award
A US court has upheld a US$47 million NAFTA award that found Mexico liable for denial of justice – while refusing to allow a Mexican businessman who was found to have committed fraud in the award to intervene in the set-aside proceedings.
12 November 2024
Sands survives challenge over alleged bias against third-party funding
A declaration by Philippe Sands KC expressing “serious concerns” about third-party funding in investment arbitration does not show he is biased against parties in general who rely on funding to bring claims, his co-panellists on an ICSID case have found.
07 November 2024
Canadian appeal court affirms Binance arbitration clause is void
The Ontario Court of Appeal has rejected Binance’s bid to stay a proposed class action, affirming that an HKIAC arbitration clause agreed to by the cryptocurrency platform’s users is void.
30 October 2024
Miner finds funding for ICSID claim against Burkina Faso
An Australia-based mining company says it has secured third-party funding for an ICSID claim against Burkina Faso over the withdrawal of an exploration permit for a gold deposit.
24 October 2024
Canadian entity launches claim over carbon-offset project
A Canadian investment vehicle says it has brought a claim against the Hong Kong developer of one of the world’s largest carbon-offsetting projects.
18 October 2024
Canadian court says Indian airports authority has immunity
The Superior Court in Quebec has ruled that India’s airports authority enjoys state immunity – a blow to a group of telecoms investors who had been targeting its assets as they try to enforce an investment treaty award.
12 September 2024
Canadian energy company wins award over Colombian pipeline
A Canadian energy company has won an award in a Bogotá arbitration against a local gas distributor over the expansion of a pipeline on Colombia‘s Caribbean coast.
30 August 2024
Russian airline brings treaty claim against Canada
Russia’s largest cargo airline has made good on its threat to file a US$100 million investment treaty claim against Canada over the seizure of one of its aircraft at Toronto airport.
27 August 2024
Canadian gold miner puts Egypt on notice
A Canadian company has notified Egypt of a potential investment treaty claim over a terminated gold mining contract.
20 August 2024
Canadian miner threatens another claim against Romania
Canada’s Gabriel Resources has threatened to launch a new claim against Romania over permits for a gold and silver mine – as it continues with attempts to annul an ICSID award that rejected a multibillion-dollar claim over the same project.
07 August 2024