Industry: Natural Resources
Repsol again liable in multibillion North Sea oil venture dispute
Repsol has for a second time been held liable in a US$5.5 billion SIAC claim lodged by China’s Sinopec group over the purchase of a stake in a North Sea oil venture, although several other claims were dismissed in the latest partial award.
29 April 2021
Dutch court adviser says Yukos awards should stand
An adviser to the Dutch Supreme Court has recommended that Russia’s bid to overturn the US$50 billion awards won by the former majority shareholders in Yukos should be dismissed.
23 April 2021
Turkey to face billion-dollar mining claim
A Canadian mining company is to file a US$1 billion investment treaty claim against Turkey over the state’s refusal to renew licences for a controversial gold mining project that has faced environmental protests.
20 April 2021
Stay of Yukos awards upheld in London
A London court has rejected an application by the former majority shareholders in Yukos to lift a stay of enforcement over their US$50 billion awards against Russia, ruling they must wait until the Dutch Supreme Court rules on the state’s set aside bid.
14 April 2021
Papua New Guinea mine to reopen after ICSID conciliation
Canada’s Barrick Gold has reached an agreement with Papua New Guinea to reopen a gold mine following an ICSID conciliation, although a related treaty claim at the centre remains pending.
14 April 2021
Rio Tinto settles feud over funding of Mongolian project
Canadian miner Turquoise Hill Resources has settled an arbitration with its majority shareholder Rio Tinto concerning US$2.3 billion in funding for a troubled copper and gold project in Mongolia, while an investor-state claim over tax measures continues.
12 April 2021
Ecuador faces ICC claim over mining project
Chile’s state-owned copper company has filed an ICC claim against Ecuador over the alleged failure of its national mining company to develop a multibillion copper project near Quito.
09 April 2021
Cast list emerges for Indonesian mining dispute
More details have surfaced about a US$600 million SIAC case over the breakdown of an Indonesian mining deal, which will see Singaporean and US law firms face off.
06 April 2021
Billion-dollar award against Venezuela reinstated
France’s Court of Cassation has reinstated a Canadian gold mining company’s US$1.6 billion investment treaty award against Venezuela, two years after key findings on quantum were set aside.
01 April 2021
Ecuador faces second claim over Amazon oil projects
An Argentine-owned energy company is bringing an UNCITRAL claim against Ecuador over the termination of contracts to exploit Amazonian oil projects, a dispute that has already given rise to a US$515 million award against the state.
01 April 2021