Work Area: Investor-state arbitration
Uruguay settles airline award
Uruguay has reportedly agreed to pay an affiliate of New York private equity firm Tenor Capital to settle an award over the collapse of the state’s flag carrier airline.
31 January 2025
Derains & Gharavi launches standing arbitration tribunal
Having unveiled a standing mediation platform last week, Paris-based law firm Derains & Gharavi has gone on to launch a standing ad hoc arbitration tribunal for the settlement of commercial, sports and investor-state disputes in an expedited manner that it says will avoid many of the problems that beset the normal arbitral process.
31 January 2025
Croatia defeats Israeli billionaire’s second claim over golf resort
Croatia has knocked out a €225 million ICSID claim lodged by an Israeli billionaire over plans to build a golf resort near Dubrovnik – having already defeated a claim filed by his Dutch investment vehicle.
30 January 2025
ICSID claimants fail to lift Azerbaijan travel ban
An ICSID tribunal hearing a claim against Azerbaijan has refused to order the state to lift a travel ban on the claimants’ representative or unfreeze their bank accounts – saying the request was premature.
30 January 2025
Gold miner brings in new counsel for claim against India
King & Spalding has taken over as counsel to a mining company in an investment treaty case against India over a gold project, with Spanish arbitrator Juan Fernández-Armesto presiding over the dispute.
29 January 2025
Australian liquidators put Poland on notice over mining dispute
An Australian mining company’s liquidators have notified Poland of a potential treaty claim over two coal projects – after a previously threatened claim was allegedly derailed by a shareholder seeking a greater share of compensation.
24 January 2025
Telecoms investor launches claim against El Salvador
A Guatemalan telecoms group has made good on its threat to bring a US$130 million treaty claim against El Salvador over a plan to roll-out a 4G network, in the first known case brought under an investment agreement between five Central American states.
24 January 2025
Venezuela fails to annul ConocoPhillips award
An ICSID annulment committee has upheld an award that ordered Venezuela to pay around US$9 billion to ConocoPhillips over the expropriation of three oil projects.
23 January 2025
Miner finds funding for claim against Morocco
A London-listed mining company has obtained third-party funding for an ICSID claim against Morocco over the state’s refusal to grant environmental approval for a billion-dollar potash project.
23 January 2025
Spanish healthcare group takes Colombia to ICSID
A Spanish-owned healthcare group has launched an ICSID claim against Colombia reportedly worth US$1.2 billion over the alleged expropriation of an insurance business.
22 January 2025