Region: Portugal

Toronto-listed mining company Gold Reserve says a Portuguese court has confirmed its decade-old investment treaty award against Venezuela now worth more than US$1.1 billion. 

25 February 2025

A French-owned airport operator has filed a €200 million arbitration against Portugal over restrictions relating to the covid-19 pandemic, as an award against the state arising from a postal services concession is set aside.

14 June 2024

Angola has been hit with its first-ever ICSID case, brought by a Portuguese businessman seeking more than US$112 million over the alleged expropriation of gas turbines.

03 April 2024

The Council of the European Union has approved a proposal to withdraw the EU from the controversial Energy Charter Treaty – as the treaty’s depositary Portugal becomes the latest member state to confirm its date of exit.

08 March 2024

In a future-facing event led by CMS, clients, partners and associates took part in a simulated emergency arbitration, putting a range of generative AI systems to the test.

07 December 2023

Portuguese oil company Galp says it is considering its options over a US exporter’s alleged failure to provide contracted natural gas supplies – which has reportedly already led to three pending cases at the LCIA.

02 August 2023

Spain and a Portuguese solar company have both applied to annul an ICSID award that granted €9 million plus interest to the investor.

30 July 2023

Portugal is considering exiting the Energy Charter Treaty after the European Commission called for a coordinated withdrawal of the European Union and its member states.

21 July 2023

German and Portuguese entities have launched an ICC claim against Vietnam and two state-owned banks over the alleged misappropriation of €10 billion in funds.

28 February 2023

Subsidiaries of two US hedge funds have brought the first known investment treaty arbitration against Portugal, which relates to the collapse of one of the country’s largest banks.

17 November 2022