Industry: Infrastructure

Japanese group reports Shenzhen award in real estate dispute

Japanese imaging and electronics group Ricoh says it has been ordered to pay at least US$129 million to a Chinese real estate developer in a proceeding at the Shenzhen Court of International Arbitration. 

29 November 2024

Peru beats bid to revive motorway claim at ICSID

A construction contractor has failed to annul an ICSID award that dismissed the bulk of its US$150 million claim against Peru over a delayed project to improve a stretch of the Pan-American highway.

27 November 2024

Lebanon and Colombia face ICSID annulment bids

A Greek contractor has applied to annul an ICSID award that dismissed its €417 million claim against Lebanon, while US investors seek to revive a US$256 million claim against Colombia that fell foul of an “essential security” defence.  

15 November 2024

Mauritius settles with Indian real estate investor

Mauritius has settled an investment treaty award in which it was found liable for terminating a real estate lease for political reasons - but avoided the bulk of the damages sought by the Indian claimant.

08 November 2024

Cement plant investor threatens ICSID claim against Angola

A UAE contractor is threatening to bring an ICSID claim of more than US$100 million against Angola over a post-civil war project to create the country's first major cement plant that was completed over a decade ago. 

05 November 2024

Interim relief denied in Bangladeshi highway dispute

A Thai construction company has failed to persuade a SIAC tribunal to provisionally restrain a group of Chinese state-owned entities from taking control of a billion-dollar highway project in Bangladesh.

23 October 2024

Strabag shareholder feud heads to Amsterdam

The main shareholders of Austrian engineering group Strabag have filed for arbitration in Amsterdam against a sanctioned minority investor previously linked to Russian oligarch Oleg Deripaska. 

10 October 2024

SIAC hears Belt and Road dispute in Bangladesh

A Thai construction company has filed for SIAC arbitration against Chinese state-controlled entities as they battle for control of a billion-dollar highway project in Bangladesh. 

07 October 2024

Argentine court stays highway concession arbitration

A court in Buenos Aires has restrained a Spanish-led consortium from pursuing a ICC claim against Argentina while the state seeks to annul the highway concession at the centre of the dispute – as the identity of the tribunals hearing the case and a related arbitration come to light.

25 September 2024

Egypt defeats bulk of multibillion real estate claim

Egypt says an ICSID tribunal has ordered it to pay only a small fraction of the US$8 billion sought by a group of Kuwaiti claimants over a cancelled project to build a new city south of Cairo.

24 September 2024

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