Organisation: International Centre for Settlement of Investment Disputes (ICSID)

A Cypriot entity has brought a US$1.2 billion ICSID claim against Armenia for allegedly interfering with its rights as a shareholder in the country’s largest mining company.

27 June 2024

A Canadian mining company has withdrawn an ICSID annulment application in which it had sought to revive a nearly US$400 million damages claim against Costa Rica over a thwarted gold project.

25 June 2024

Eleven panels have formed at ICSID in recent weeks, including first-time appointments for Francis Xavier SC of Rajah & Tann and Mexican-Spanish trade lawyer Christian Vidal-León.

13 May 2024

ICSID deputy secretary general Martina Polasek has been elected as the institution’s next secretary general, after the centre outlined measures to avoid potential conflicts of interest arising from her marriage to White & Case arbitration partner Petr Polášek.

02 May 2024

Canada’s Gold Reserve, which won a billion-dollar award against Venezuela a decade ago, has threatened the state with a new investment treaty claim worth more than US$7 billion after its mining rights were again revoked. 

24 April 2024

An ICSID tribunal has found Colombia liable in a US$64.5 million claim by Glencore over access to a port facility – although the state says around 85% of the commodities trader’s damages claims were dismissed. 

23 April 2024

An ICSID tribunal has refused to separately hear Albania’s preliminary objections to a claim brought by a German shipping company, applying the three-fold test contained in the 2022 version of the ICSID rules. 

18 April 2024

An Australian company developing a controversial US$500 million uranium mine near Madrid says it will file an Energy Charter Treaty claim against Spain over its decision to block the project. 

10 April 2024

Ten new panels have formed at ICSID in recent weeks, including first time appointments for Colombian arbitrator and academic Rafael Rincón Ordóñez and Italy’s Michele Potestà of Lévy Kaufmann-Kohler in Geneva.

27 March 2024

UPDATED WITH AWARD: An ICSID tribunal has thrown out a US$30 million NAFTA claim brought by US conglomerate Koch Industries against Canada over the cancellation of an emissions trading programme.

15 March 2024