Organisation: Koch Industries
Koch loses NAFTA claim against Canada over emissions trading
UPDATED WITH AWARD: An ICSID tribunal has thrown out a US$30 million NAFTA claim brought by US conglomerate Koch Industries against Canada over the cancellation of an emissions trading programme.
15 March 2024
Venezuela creditors flock to take part in Citgo auction
ExxonMobil has joined a line of Venezuela’s creditors seeking to take part in the court-supervised auction of an interest in a state-owned refinery business, which is reportedly valued at US$13 billion.
16 August 2023
US litigation firm hires Alston arbitration partner
Rajat Rana has left Alston & Bird to join New York litigation firm Selendy Gay Elsberg as a partner to help grow its international arbitration pratice.
22 June 2023
Pinsent Masons adds second ISDS practice head
Graham Coop has left Volterra Fietta to become co-head of the new investor-state dispute settlement and public international law practice at Pinsent Masons.
28 March 2023
Venezuela faces claim after insurance currency row
Four Dutch companies have brought an ICSID claim against Venezuela for allegedly expropriating their subsidiary’s insurance business after it refused to make a payout to a Venezuelan state-owned company in the desired currency, US dollars.
28 October 2022
Venezuela faces treaty claim over alleged electoral fraud
The UK owner of election technology group Smartmatic has brought a US$1.5 billion investment treaty claim against Venezuela, accusing it of a campaign of harassment following an allegedly fraudulent election.
06 June 2022
Koch’s award against Venezuela upheld at ICSID
An ICSID committee has upheld an award requiring Venezuela to pay more than US$444 million to subsidiaries of US chemicals group Koch Industries for the expropriation of a fertiliser business.
26 May 2022
Climate change: a “strong recipe” for disputes
Panels at Paris Arbitration Week discussed climate change in international arbitration, including shifting energy sources, the impact of net-zero emissions targets and investors’ legitimate expectations.
28 September 2021
Koch’s ICSID award against Venezuela enforced in US
A US court has summarily enforced a US$444 million award in favour of subsidiaries of Koch Industries against Venezuela, as the state awaits a decision on its bid to annul the award at ICSID.
19 August 2021
Who is sitting at ICSID?
Nineteen new panels have been formed at ICSID in the past six weeks, including first-time appointments for Elisabeth Eljuri, Sylvia Tonova, Andrea Bjorklund and Penelope Ridings.
13 May 2021