Work Area: Investor-state arbitration
Germany liable over wind energy reforms
Austrian engineering group Strabag has moved to enforce the first known investment treaty award against Germany, which requires the state to pay €334 million over regulatory changes that affected wind projects in the North Sea.
07 April 2025
Kurdistan wins costs in billion-dollar oilfield dispute
A London-listed energy company has been ordered to pay nearly US$27 million in costs to the Kurdistan regional government of Iraq after losing a US$1.75 billion LCIA arbitration over two oil and gas fields.
07 April 2025
Uruguay wins appeal in multibillion-dollar mining dispute
The French Court of Cassation has quashed a set-aside decision that had allowed the children of Indian mining tycoon Pramod Agarwal to revive a US$4 billion investment treaty claim against Uruguay.
03 April 2025
Comoros faces first ICSID claim
An Emirati company has lodged the first-ever ICSID claim against the Comoros, which concerns an investment project linked to a “passports for cash” scheme that led to a corruption scandal.
03 April 2025
Israeli property developers threaten claim against Cyprus
An Israeli businessman and his imprisoned father have threatened to bring an investment treaty claim against Cyprus over a Nicosia police investigation into their development of property in the Turkish-controlled part of the island.
02 April 2025
Guatemala liable over attacks on hydro project
A split ICSID tribunal has ordered Guatemala to pay US$68.5 million plus interest to a Panamanian entity for failing to protect a hydroelectric power plant project from attacks by protesters.
02 April 2025
Uganda faces dispute over electricity concession
A foreign-owned utility says it may pursue a London arbitration against the Ugandan government after being compelled to hand back control of an electricity distribution concession.
02 April 2025
First Quantum halts claims against Panama
Canada’s First Quantum Minerals says it is withdrawing a US$20 billion ICC claim against Panama and suspending a potential treaty case against the state, as the parties try to settle their dispute over the closure of one the world’s largest copper mines.
01 April 2025
Estonia beats claim over alleged port corruption
An UNCITRAL tribunal has dismissed a Florida-based commodities trader’s US$206 million treaty claim against Estonia over a seaport, rejecting allegations that state agents had tried to extort corrupt payments from the claimant.
01 April 2025
European Commission finds Spain solar award is illegal state aid
The European Commission has declared that an ICSID award ordering Spain to pay €101 million plus interest to investors for changes to renewable energy subsidies constitutes illegal state aid.
24 March 2025