Work Area: Investor-state arbitration
Airport investor fails to revive claim against Moldova
A Swedish court has rejected a Cypriot entity’s bid to set aside an SCC award that declined jurisdiction over its €884 million investment treaty claim against Moldova relating to an airport concession.
18 February 2025
Dutch lender makes good on threat against Ukraine
A Dutch lender has launched an ICSID claim against Ukraine over the state’s takeover of one of the country’s biggest banks.
18 February 2025
India overturns award in gas migration dispute
The Delhi High Court has overturned an UNCITRAL award favouring Reliance Industries and its partners in a US$1.7 billion dispute with India over alleged migration of gas between adjacent blocks.
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
Russia loses UK immunity appeal over Yukos awards
The Court of Appeal in London has rejected Russia’s sovereign immunity defence to the enforcement of awards worth US$63 billion won by the former majority shareholders of Yukos.
12 February 2025
Senegal files fresh claim to reopen ArcelorMittal dispute
Senegal has filed an ICC claim to reopen a dispute with steelmaker ArcelorMittal that settled more than a decade ago, as the newly-elected government raises allegations the settlement was tainted by fraud and corruption.
10 February 2025
Dubai transport investor fails to revive claim against Armenia
An Emirati company and its US CEO have failed to revive a US$326 million ICSID claim against Armenia over a billion-dollar project to build transport links to Iran.
10 February 2025
Kuwaiti investors seek to revive Egyptian mega-claim
A group of Kuwaiti investors and Egypt have both applied to partially annul an ICSID award that dismissed the bulk of a multibillion-dollar investment treaty claim over a cancelled project to build a city south of Cairo.
06 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
Poland gets ECT award set aside in Sweden
A Swedish court has set aside a Cyprus-registered oil trader’s US$47.6 million Energy Charter Treaty award against Poland, finding it is incompatible with fundamental principles of Swedish and EU law.
04 February 2025