Laws, treaties and soft law
UK joins Indo-Pacific trade agreement
The UK has become the first European signatory to the CPTPP, an Indo-Pacific trade agreement containing ISDS provisions, as a UK public body advises the state to withdraw from the Energy Charter Treaty over climate change concerns.
19 July 2023
Tanzania liable over revoked mining licence
An ICSID tribunal has ordered Tanzania to pay nearly US$110 million to an Australian nickel miner over legislation that revoked its project licence.
18 July 2023
UN member states adopt code of conduct for arbitrators
The United Nations Commission on International Trade Law has formally adopted a code of conduct for arbitrators in investor-state disputes that it developed jointly with ICSID.
17 July 2023
European Commission formally proposes ECT withdrawal
Following failed efforts to modernise the Energy Charter Treaty, the European Commission has formally called for the EU and its member states to withdraw from the treaty in a “coordinated and orderly manner”.
07 July 2023
Albania passes new arbitration law
The Albanian parliament has passed a new arbitration law based on the UNCITRAL Model Law as it seeks to encourage greater foreign investment in the country.
07 July 2023
India launches consultation on arbitration reform
Practitioners have welcomed the news that India has formed a committee of legal experts to consider reforms to its arbitration law, inviting recommendations from interested parties.
29 June 2023
A closer look at Nigeria’s arbitration law reform
Nigeria has adopted a new arbitration law including reforms on interim measures, mandatory stays and third-party funding. Timi Balogun, Letizia Ceccarelli, Hoda Ghassabian and Lorenzo Poggi of Squire Patton Boggs consider the changes and argue the new law will enhance the country’s position as an arbitral hub.
23 June 2023
New York Convention in force in Timor-Leste
Timor-Leste has become the 172nd country to accede to the New York Convention – and it is now in force in the southeast Asian state.
23 June 2023
Hungary adds new set-aside ground
Hungary has introduced a new provision allowing courts to set aside awards in construction disputes that failed to properly consider opinions issued by a state-endorsed performance body – a move practitioners have called “problematic”.
22 June 2023
Honduras threatens to withdraw from ICSID
Honduras has threatened to withdraw from ICSID, alleging the centre has breached “law and procedure” in its administration of a US$11 billion treaty claim.
01 June 2023