Organisation: KPMG
Swedish courts annul intra-EU treaty awards
The Swedish courts have set aside intra-EU investment treaty awards made against Poland and Spain based on the European Court of Justice’s rulings in Achmea and Komstroy.
14 December 2022
Curtis wins bid to advise Mexico in 13 disputes
Curtis Mallet-Prevost Colt & Mosle has won a tender to advise Mexico in 13 investment disputes after seeing off competition from six other firms.
07 October 2022
Brazilian chamber to hear telecoms M&A dispute
Leading telecoms groups Telefónica, América Móvil and TIM have launched arbitration against troubled Brazilian operator Oi to slash the US$3.1 billion price they agreed to pay for its mobile assets.
05 October 2022
Nigerian national oil company settles multibillion-dollar disputes
The Nigerian National Petroleum Corporation has settled long-running disputes with several international oil companies that led to hefty awards against the state-owned entity.
23 August 2022
German wind investor takes Spain award to US court
German conglomerate BayWa has asked a US court to enforce €22 million Energy Charter Treaty award against Spain compensating it for measures affecting its wind power investments.
18 August 2022
Exxon and Shell can enforce parts of Nigerian oilfield award
A US appeals court has found partly in favour of ExxonMobil and Shell in a long-running fight with Nigeria’s national oil company over a US$2.7 billion award rendered a decade ago – as a separate dispute erupts over the proposed US$1.3 billion sale of one of the west African state’s largest oil producers.
11 July 2022
Investor alleges ICSID award undermines anticorruption efforts
A Swiss housing investor that won part of its case against the Czech Republic on liability but was denied any of the US$235 million it claimed in damages has applied to annul the award, saying it undermines efforts to combat corruption.
10 March 2022
ICSID panel finds Spain liable despite Komstroy
Another ICSID tribunal has held Spain liable over its renewable energy reforms while dismissing the European Court of Justice’s recent observations on the Energy Charter Treaty in Komstroy as not binding or persuasive.
21 February 2022
Belgian court finds Stati award obtained by fraud
A Belgian court has ruled that a US$545 million Energy Charter Treaty award against Kazakhstan cannot be enforced, finding that Moldovan creditors Anatolie and Gabriel Stati obtained it through fraud.
17 November 2021
Czech Republic dodges damages over housing project
UPDATED: An ICSID tribunal has held the Czech Republic liable for actions taken by the mayor of a rural village over a thwarted housing development, while refusing to award any of the US$235 million in damages sought.
02 November 2021