Industry: Infrastructure

A consortium including German-Swiss hotel group Kempinski has lost its ICC claim against the South Korean city of Incheon over an abandoned US$290 billion plan to transform a fishing village into a rival of China’s Macau.

09 July 2021

An ICSID tribunal has held Peru liable in a contractual claim over a project to build Lima’s second metro line, ruling that the state was responsible for delays in the works and must pay damages – also dismissing a US$700 million counterclaim.

08 July 2021

UPDATED WITH TRIBUNAL: A Belgian court has refused to set aside an ICC award in favour of the European Commission on the basis of allegations that it was partly drafted by a tribunal secretary, ruling there was nothing wrong with the practice so long as their work is reviewed by an arbitrator.

30 June 2021

A French family-owned cement company has filed an ICSID claim against Egypt, accusing the state of trying to force it to surrender its majority stake in a Cairo-listed subsidiary.

23 June 2021

An ICSID tribunal has dismissed the bulk of South Korea’s expedited preliminary objections to a claim by an imprisoned Chinese real estate investor – as the state faces a new treaty claim over a port city redevelopment project. 

22 June 2021

A US construction group has brought a third ICSID claim against Panama arising from its portfolio of projects in the country.

21 June 2021

The developer of a five-star hotel resort on the Caribbean island of Grenada has filed an ICSID claim alleging that the state has tried to “squeeze the project’s finances into failure” by slashing its budget and amending the terms of a citizenship scheme for foreign investors.

18 June 2021

The Civil Aviation Authority of Nepal says it has prevailed in a SIAC arbitration with a Spanish contractor over a delay-hit project to upgrade the country’s airports.

27 May 2021

Morocco has paid to settle an ICSID claim brought by an Italian construction company over a tunnel project – as a British businessman discontinues his ICSID case against the United Arab Emirates concerning an artificial archipelago.

21 May 2021

A Milan-seated tribunal has rejected claims by an Italian media group that the €120 million sale of its historic headquarters to US private equity group Blackstone eight years ago amounted to usury in breach of Italian law. 

20 May 2021