Organisation: World Bank

Ten new panels have formed at ICSID in recent weeks, including first time appointments for Colombian arbitrator and academic Rafael Rincón Ordóñez and Italy’s Michele Potestà of Lévy Kaufmann-Kohler in Geneva.

27 March 2024

Honduras has made good on its threat to withdraw from ICSID over the centre’s handling of a US$11 billion claim, as the state also tries to disqualify arbitrator David W Rivkin from hearing that case.

01 March 2024

An ICSID committee has taken the unprecedented step of annulling an award rendered under the centre’s expedited dismissal procedure, allowing an Egyptian tourism investor to revive its US$320 million claim against Kuwait.

25 January 2024

ICSID deputy secretary general Martina Polasek has been nominated to succeed Meg Kinnear as the institution’s secretary general.

22 January 2024

Mahnaz Malik, an arbitrator and barrister at Twenty Essex in London, has become a member of the World Bank Sanctions Board, where she will decide on "sanctionable practices" such as corruption and fraud in World Bank-financed projects. 

17 January 2024

A Maltese company has won around €70 million in an Energy Charter Treaty claim against Bulgaria concerning one of Europe’s largest solar parks.

09 January 2024

Reed Smith’s former international arbitration practice head and Latin America specialist José Astigarraga is leaving the firm next year to become an independent arbitrator and mediator.

29 November 2023

A Canadian mining company says it has secured funding for its investment treaty claim against Colombia – which it said risked being discontinued over a failure to pay costs.  

10 November 2023

A Canadian court has refused to revive a US$3 billion NAFTA claim against Mexico despite finding that the conduct of the state’s appointed arbitrator gave rise to a reasonable apprehension of bias.

31 October 2023

A new facility for hosting international arbitration hearings is set to open next year in Paris, following efforts by Delos Dispute Resolution and an international design committee, ending the current dearth of space in the city.

26 October 2023