Work Area: Investor-state arbitration
Mining company launches multibillion claim against Venezuela
Toronto-listed mining company Gold Reserve has filed a new investment treaty claim worth more than US$7 billion against Venezuela – while continuing efforts to collect on a billion-dollar award it won against the state in an earlier arbitration.
06 March 2025
ICSID creditors target Italian building in Zurich
A Swiss court has reportedly ordered the seizure of a historic building in Zurich owned by the Italian state, at the request of German and Austrian investment funds seeking to collect on an Energy Charter Treaty award now worth over €28 million.
05 March 2025
Mining company seeks to enforce against Colombia in royalty dispute
An Australian-owned mining company has asked a US court to enforce an ICSID award requiring Colombia to reimburse it for overpaid royalties.
05 March 2025
Samsung consortium wins damages over Qatari metro
A Samsung-led consortium has won €315 million in an ICC case against a Qatari state-owned company over a terminated contract to build two metro stations in Doha.
04 March 2025
Kazakhstan wins challenge to second award in uranium dispute
A London court has found that an investment treaty award requiring Kazakhstan to pay over US$55 million to a Canadian mining company was marred by serious irregularity because it failed to deal with “the centrepiece” of the state’s defence on damages.
03 March 2025
Chinese contractor in dispute with Serbia over power plant costs
UPDATED: A Chinese state-owned engineering company has disputed the accuracy of reports that it is preparing an ICC claim against Serbia over cost overruns on a power plant project.
28 February 2025
Honduras fails to knock out mega-claim over charter city
An ICSID tribunal has refused to throw out a US$11 billion claim against Honduras over its repeal of special economic zones, rejecting arguments that the US claimant should have exhausted local remedies before turning to international arbitration.
28 February 2025
Swedish investor warns of claim against Russia
A Swedish company says it is considering a potential arbitration against Russia over the seizure of gas assets in the Black Sea, after its Ukrainian partner won a claim over the same assets.
27 February 2025
Libya loses appeal over seizure of former Gaddafi property
The Court of Appeal in London has upheld a charge on a London property linked to Libya’s former leader Muammar Gaddafi, siding with a US defence contractor seeking to collect a £16 million ICC award against the state.
20 February 2025
Mexico hit with claim from chemicals group
UPDATED: A Czech chemicals group has filed an ICSID claim against Mexico after one of its cyanide production facilities in the country was destroyed.
19 February 2025