Industry: Natural Resources

An ICSID tribunal has declined to hear a Georgian businessman’s US$700 million claim against Azerbaijan over alleged interference in the sale of his stake in an onshore oilfield. 

09 April 2025

The French Court of Cassation has quashed a set-aside decision that had allowed the children of Indian mining tycoon Pramod Agarwal to revive a US$4 billion investment treaty claim against Uruguay.  

03 April 2025

Romania is seeking to annul an Energy Charter Treaty award that reportedly granted US$85 million to a Russian-owned petrochemical investor over the seizure of a refinery.

27 March 2025

Samsung’s engineering arm and Saipem have filed SIAC proceedings against a Thai state-owned oil company over its enforcement of security for a US$4 billion refinery expansion project.

26 March 2025

US oil services group Schlumberger has sought to stay an UNCITRAL arbitration worth at least USS$230 million over alleged corruption in a Guatemalan oil project, arguing it is not a signatory to the underlying contracts.

20 March 2025

German energy company RWE says it prevailed in its ICC arbitration with Gazprom’s export arm over gas supplies halted following Russia’s invasion of Ukraine. 

20 March 2025

A Swiss-headquartered iron ore mining and trading company has threatened to bring an investment treaty claim against Ukraine in response to the targeting of its assets by anticorruption authorities prosecuting a “fugitive oligarch”.

19 March 2025

A SIAC tribunal that was asked by a Singapore court to revisit a US$570 million award in favour of a sanctioned Russian engineering group against Vietnam’s national oil and gas company has issued a new award – again finding the underlying contract had been validly terminated.

18 March 2025

An ICC tribunal has ordered a state-owned entity of the Democratic Republic of the Congo to pay €39 million in penalties to an Australian mining company for breaching the orders of an emergency arbitrator in a dispute over a lithium project.

17 March 2025

Amid efforts to modernise ISDS, and with investors and states often settling disputes before an arbitration award, the launch event of the Council of International Dispute Resolution of the Kingdom of Bahrain in Riyadh explored way to promote more amicable resolution of disputes through negotiation or mediation.

12 March 2025