Work Area: Investor-state arbitration

An ICSID tribunal has refused to summarily dismiss a US$150 million claim brought against Georgia by a former minister who obtained political asylum in the US, finding that the state’s objections raised “novel, difficult and complex” issues about his nationality and investments. 

14 March 2025

The operator of Honduras’ largest airport has dropped a contractual ICSID claim against the state that it lodged after a government minister announced its concession would be reviewed. 

13 March 2025

A Swiss court has upheld an UNCITRAL tribunal’s decision to dismiss a US$200 million investment treaty claim against Venezuela because the claimant’s dominant and effective nationality was Venezuelan rather than Spanish. 

12 March 2025

An ICSID annulment committee has upheld an award that threw out a US$235 million damages claim against the Czech Republic over a residential development even though the state was found liable.

11 March 2025

A TV and broadband provider has settled its ICSID claim against Serbia over allegations it faced harassment from state authorities who gave its competitors preferential treatment. 

11 March 2025

A German investor’s bid to revive a billion-dollar claim against Iraq over a cement plant has come to an end, after annulment proceedings were discontinued for non-payment of the required advances.

11 March 2025

An international consortium has reportedly won interim relief in its US$160 billion dispute with Kazakhstan over the Kashagan oil field – seeking to stop the state from collecting on a US$5 billion fine. 

10 March 2025

Guyana and a US-Puerto Rican contractor have agreed to send their dispute over the delayed construction of a US$759 million power plant to ICC arbitration.

07 March 2025

A Paris court has blocked a Dutch supplier of night vision goggles from executing a two-decade-old pair of ICC awards against Iraqi state assets that were previously frozen because of EU sanctions.

07 March 2025

In the latest Lalive Lecture, Philippe Sands KC recounted his personal experience of over 40 years as counsel and arbitrator in investor-state dispute settlement and described how he perceived the evolution of the field. 

07 March 2025