Region: United States of America

US multinational 3M is pursuing an arbitration in London against AIG, accusing the insurer of wrongfully refusing to indemnify it for part of a US$6 billion settlement to end product liability litigation over its combat earplugs.

28 November 2024

A US court has rejected Argentina’s bid to dismiss an action to enforce a US$21.3 million ICSID award won by Webuild 13 years ago, rebuffing the state’s arguments that application was time-barred. 

27 November 2024

Ukraine has defeated a US$100 million investment treaty claim brought by a Russian-US businessman who accused the state of expropriating his interest in a chocolate factory.

22 November 2024

An affiliate of New York private equity firm Tenor Capital says it has attached Uruguay’s assets in Luxembourg as it seeks to execute a US$61.1 million ICSID award it won over the collapse of the state’s flag carrier airline.

19 November 2024

Nigeria has asked the US Supreme Court to rule on the scope of sovereign immunity under the New York Convention, as it seeks to resist enforcement of a US$70 million investment treaty award won by a Chinese investor in a free trade zone.

15 November 2024

A US appeals court has confirmed the enforcement of US$440 million of ICSID awards against Zimbabwe, after agreeing with the lower court that the state had waived its sovereign immunity in the land dispute. 

15 November 2024

Peru has agreed to pay US hedge fund Gramercy to settle an investment treaty award over bonds issued half a century ago in compensation for land expropriations.

13 November 2024

A US court has upheld a US$47 million NAFTA award that found Mexico liable for denial of justice – while refusing to allow a Mexican businessman who was found to have committed fraud in the award to intervene in the set-aside proceedings.

12 November 2024

A declaration by Philippe Sands KC expressing “serious concerns” about third-party funding in investment arbitration does not show he is biased against parties in general who rely on funding to bring claims, his co-panellists on an ICSID case have found.

07 November 2024

A NAFTA tribunal has upheld claims by three US oilfield services companies that they were denied justice in the Mexican courts after a state-owned entity terminated their contracts. 

07 November 2024