Organisation: KPMG

A Moldovan investor has notified Spain of a potential investment treaty claim worth at least €31.5 million over the suspension of permits to fish for snow crabs in Arctic waters – an industry that is already the subject of three ICSID claims against Norway.

04 October 2023

Spanish infrastructure group Abertis has filed an ICSID claim against Argentina over highway concessions – more than six years after settling an earlier case at the centre.

30 August 2023

The Swedish Supreme Court has refused to hear a Luxembourg fund’s appeal against the annulment of a €56 million Energy Charter Treaty award against Spain.

17 July 2023

A Dutch appeal court has refused to allow the holder of a US$500 million ICSID award against Venezuela to pursue enforcement against the country’s national oil company and its subsidiaries.

21 June 2023

An ICSID committee has upheld a €22 million Energy Charter Treaty award won by German conglomerate BayWa against Spain over measures that affected the company’s wind power investments.

10 May 2023

The International Bar Association has formed a new task force to review its guidelines on conflicts of interest in international arbitration, with amendments expected to be finalised next year.

13 April 2023

An ICSID committee has upheld a €31 million Energy Charter Treaty award won by European hydropower investors – finding that the “correctness” of the tribunal’s application of EU law was not within the scope of its review.

23 March 2023

A third Baltic fishing company has brought an ICSID claim against Norway over rights to fish for snow crab, under a treaty that is just days away from being terminated.

22 March 2023

An ICSID tribunal has barred KPMG from advising Norway in a €400 million dispute over snow-crab fishing because of a “clear conflict of interest” – while refusing to disqualify Norwegian firm Wikborg Rein from acting for the state.

21 March 2023

Kazakhstan has asked a US court to reverse its decision to enforce a US$500 million Energy Charter Treaty award, arguing the Moldovan creditors have turned the court into an “unwitting instrument of a massive fraud”.

03 March 2023