Industry: Natural Resources

A Ukrainian scrap metal investor has seen his ICSID claim against Latvia dismissed over his failure to post security for costs – after failing to disqualify the entire tribunal for allegedly making “sarcastic and derogatory” comments towards him. 

31 March 2021

An Australian mining venture is seeking discovery from two international law firms and a hotel management company in aid of its efforts to enforce a US$6 billion ICSID award against Pakistan.

29 March 2021

A Canadian mining company has applied to partially annul an award against Kazakhstan, saying it was “not the quality of justice we expected to receive from an ICSID tribunal” – while the state seeks to annul parts of the same award.

29 March 2021

A Swedish energy company has made good on its threat to file an ICSID claim against Ukraine over a gas royalty hike that led to the collapse of a controversial joint venture.

25 March 2021

A US court has allowed Italian oil producer Eni to obtain evidence from a third-party funder for use in an ICSID case against Nigeria over the state’s allegations the company paid millions in bribes to secure rights to an oil field.

23 March 2021

A UK oil and gas company has said it will shortly file a treaty claim worth more than €100 million against Slovenia over the denial of a permit to boost productivity at two natural gas wells, after settlement talks failed.

22 March 2021

A subsidiary of Indonesia’s state-owned oil and gas company Pertamina has launched a US$43 million arbitration against Gabon’s national oil company over a gas field project.

19 March 2021

After a previous settlement was sunk by the coronavirus pandemic, Egypt has finally concluded its long-running dispute with Spain’s Naturgy and Italy’s Eni over a gas liquefaction plant, which gave rise to a US$2 billion ICSID award and several high-value commercial arbitrations.

12 March 2021

A Swiss court has upheld an ICC award requiring the National Iranian Gas Company to pay over €1.5 billion to a Turkmen state entity, dismissing arguments that US sanctions make payment impossible.

25 February 2021

The Singapore International Arbitration Centre is hearing two unrelated disputes worth a combined US$1.1 billion over energy and mining projects in India and Indonesia, it has emerged.  

25 February 2021