Organisation: Ministry of Finance

Czech Republic faces treaty claim over high altitude telecoms project

The Czech Republic has revealed it is defending an investment treaty claim brought by a Dublin-based group over a thwarted effort to set up a telecoms network using high-altitude aircraft. 

04 October 2024

Czech Republic fails with additional challenges to plasma award

A UK court has dismissed the Czech Republic’s remaining challenges to a US$750 million treaty award won by investors in a blood plasma business, having previously upheld one ground raised by the state.

09 August 2024

Czech solar award upheld in Switzerland

The Swiss Federal Supreme Court has upheld an investment treaty award ordering the Czech Republic to pay European investors US$15 million over the state’s reforms to its solar legislation.

12 July 2024

Bucharest event considers “critical developments”

The fifth edition of the Bucharest Arbitration Days included panels addressing ethics and conflicts of interest, the relationship with the courts, how institutions make appointments, modernisation of investment contracts and efforts to reform ISDS. 

09 July 2024

Uproar in India after ministry seeks to curb arbitration for public contracts

UPDATED: The Arbitration Bar of India has called on the government to withdraw new guidelines that seek to discourage the inclusion of arbitration clauses in domestic procurement contracts.

21 June 2024

Cyprus reports victory in mass intra-EU claim over bank bailout

Cyprus says it has beaten the bulk of a US$570 million ICSID claim brought by nearly 1,000 Greek and Luxembourgish investors over bonds and bank deposits they said were confiscated as part of the state’s financial bailout by European institutions.  

23 May 2024

UK judge bars Czech Republic’s “multi-nationality” objection to treaty award

An English judge has refused to allow the Czech Republic to amend its challenge to a US$730 million treaty award over a blood plasma business to introduce a new objection based on the multiple nationalities of one of the claimants.  

28 March 2024

Crisis talks at Harvard

At the largest arbitration event ever held at Harvard, 10 panels with speakers from every continent discussed the crises the field is facing. 

11 March 2024

Czech Republic has limited success in challenge to plasma award

A UK court has upheld one of the Czech Republic’s grounds of challenge to a US$730 million treaty award won by investors in a blood plasma business, while dismissing or reserving judgment on other objections.

08 March 2024

Czech Republic ordered to pay over solar measures

The last of seven investment arbitrations launched by European investors against the Czech Republic over changes to its solar power legislation over a decade ago has concluded with the state being ordered to pay US$15 million. 

30 January 2024

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