Industry: Natural Resources
Former pipeline operator brings ICSID claim against Ecuador
An Argentine-owned energy company has launched an ICSID claim against Ecuador over the state’s failure to release it from US$100 million worth of guarantees issued in connection with the handover of a major oil pipeline.
23 April 2025
Ethiopia faces claim over potash project
A British Virgin Islands-registered mining company is bringing an arbitration against Ethiopia after its licence for a potash project was revoked.
22 April 2025
Chilean state entity seeks enforcement in Spain
A Spanish contractor is facing a bid to enforce an ICC award issued in a US$158 million arbitration over a Chilean refinery upgrade – as it settles a dispute with an Algerian state entity over a power plant project.
22 April 2025
Russia sues arbitrators and counsel in ECT dispute
Russia has reportedly asked its own courts to restrain a German oil and gas producer from pursuing an Energy Charter Treaty claim on pain of a €7.5 billion penalty, while seeking to have the arbitrators and the investor’s German law firm held jointly liable if the arbitration proceeds.
17 April 2025
Naftogaz targets Russian assets in France
Ukraine’s Naftogaz says it has taken a “first step” towards seizing Russian state-owned assets in France to satisfy a US$5 billion investment treaty award – while in a separate dispute it is hit with a billion-dollar penalty by a Russian court over its failure to halt an ICC arbitration.
17 April 2025
Mining disputes in focus at third annual ITA conference
The third edition of the Institute of Transnational Arbitration’s conference on international arbitration in the mining sector took place in Toronto last month, focusing on critical minerals, regulatory frameworks and the increasingly debated concept of the “social licence to operate”. Tom Villalón of Three Crowns in Washington DC reports.
17 April 2025
Nigerian LNG producer loses appeal over indemnity order
The Court of Appeal in London has upheld an UNCITRAL award requiring a Nigerian affiliate of Shell to indemnify a trader for hundreds of millions of dollars in arbitral debts caused by its failure to deliver supplies of liquified natural gas.
16 April 2025
Australian miner seeks to stay claim against Greenland
An Australian miner has sought to stay an arbitration it launched against Greenland and Denmark over a uranium mining ban while it challenges the measures in local courts.
15 April 2025
Hopes dim for Russia in Yukos appeal
An advocate-general at the Dutch Supreme Court has recommended the dismissal of Russia’s bid to revive allegations that awards now worth US$63 billion in favour of the former majority shareholders of Yukos were tainted by procedural fraud.
14 April 2025
Colombian refinery investors return to ICSID
Colombia is facing a second ICSID claim by a pair of US investors in a troubled oil refinery upgrade project – as an investor in another dispute with the state fails in a novel request for rectification of a dissenting opinion.
09 April 2025