Work Area: Oil and gas

An ICSID tribunal has declared a US$2.4 billion claim against Colombia over the upgrade of an oil refinery to be inadmissible, finding it was brought prematurely. 

02 January 2025

A Spanish energy company has won US$194 million in an ICSID case against Peru over a natural gas pipeline project that was cancelled in the wake of the Odebrecht corruption scandal – with a majority of the tribunal rejecting the state’s illegality defence.

02 January 2025

A Canadian energy company says that an ICC tribunal has confirmed its ownership of a stake in two gas blocks in Pakistan – while also rejecting counterclaims worth US$483 million.

20 December 2024

Gaillard Banifatemi Shelbaya Disputes has announced the election of three new partners who all trained under the late Emmanuel Gaillard: Youssef Daoud, Anders Junker-Nilsson and André Marini.

17 December 2024

A Russian court has ordered Germany’s Commerzbank to withdraw a €95 million ICC case against a Gazprom affiliate over a guarantee for a gas plant project and seek to overturn an English anti-suit injunction issued in support of the arbitration. 

11 December 2024

Morocco has applied to partially annul an ICSID award that granted US$150 million plus interest to a Saudi billionaire-owned investor over the collapse of an oil refinery.

10 December 2024

In a long-awaited development, signatories to the Energy Charter Treaty have voted to adopt a modernised version of the 1994 treaty, including changes to its investment protection and dispute settlement provisions. 

04 December 2024

A Jordanian investor is set to file an ICSID claim against Egypt over a project to build a gas terminal along the Suez Canal – having brought three earlier cases against the state that were settled. 

22 November 2024

Arbitrators from Egypt, Switzerland and Turkey made up the ICC tribunal that issued a €230 million award against Russia’s Gazprom last week.  

18 November 2024

Austrian energy group OMV says it has won €230 million in an ICC claim against Russia’s Gazprom over a contract to supply gas to the German market – and intends to pursue enforcement immediately.

14 November 2024