Work Area: Construction
Airport operator ends ICSID claim against Honduras
The operator of Honduras’ largest airport has dropped a contractual ICSID claim against the state that it lodged after a government minister announced its concession would be reviewed.
13 March 2025
Property developer fails to reopen Czech real estate claim
An ICSID annulment committee has upheld an award that threw out a US$235 million damages claim against the Czech Republic over a residential development even though the state was found liable.
11 March 2025
Iraq declares end of billion-dollar cement dispute
A German investor’s bid to revive a billion-dollar claim against Iraq over a cement plant has come to an end, after annulment proceedings were discontinued for non-payment of the required advances.
11 March 2025
Samsung consortium wins damages over Qatari metro
A Samsung-led consortium has won €315 million in an ICC case against a Qatari state-owned company over a terminated contract to build two metro stations in Doha.
04 March 2025
Rail consortium brings claim against Uruguay
An engineering consortium led by Spain’s Sacyr says it has brought an arbitration against Uruguay over outstanding payments relating to a US$1.5 billion rail project.
25 February 2025
Mexican utility settles with Spanish consortium
A Spanish construction consortium says that Mexico’s state-owned electric utility has paid a US$22 million LCIA award over cost overruns at a power plant project – as the utility faces a bid to enforce another award.
14 February 2025
French Court of Cassation rejects Libya’s challenges to treaty awards
The French Court of Cassation has rejected Libya’s bid to set aside a US$51 million investment treaty award based on corruption allegations – and upheld a jurisdictional decision against the state in a separate case.
13 February 2025
Clyde & Co and BCLP make Saudi moves
Clyde & Co has added three new partners in its offices in Saudi Arabia, while BCLP has hired a disputes lawyer to lead two new offices it is planning to open in the kingdom.
12 February 2025
US court confirms Turkish investor’s award against Libya
A DC court has enforced a Turkish contractor’s US$22 million investment treaty award against Libya, refusing the state’s application to stay the action pending the outcome of other enforcement proceedings.
05 February 2025
Chile liable in claim by Colombian power company
An ICSID tribunal has found Chile liable in a US$230 million claim by a Colombian state-owned power company over a project to build an electricity transmission line – but only awarded 6% of the damages sought.
17 December 2024