Work Area: Investor-state arbitration
Insolvent UK company files ECT claim against Kazakhstan
UPDATED: An insolvent UK oil and gas company has brought a long-threatened Energy Charter Treaty claim against Kazakhstan, seeking at least US$112 million over an alleged corporate raid on its local assets.
24 March 2025
Marine salvage company threatens Dominican Republic
UPDATED: A US marine salvage company has threatened to file an ICSID claim against the Dominican Republic over the discovery of a 16th century shipwreck containing a valuable trove of pewter tableware.
21 March 2025
Ecuador hit by oil and gas claim
Oil and gas companies from the US and Panama have filed a contractual ICSID claim against Ecuador.
21 March 2025
Hedge fund sees award against Korea upheld in Singapore
A Singapore court has rejected South Korea’s bid to set aside a US$43 million investment treaty award won by US hedge fund Mason Capital over the state’s interference in a Samsung merger.
20 March 2025
Schlumberger applies to stay Guatemalan oil claim
US oil services group Schlumberger has sought to stay an UNCITRAL arbitration worth at least USS$230 million over alleged corruption in a Guatemalan oil project, arguing it is not a signatory to the underlying contracts.
20 March 2025
Iron ore miner threatens treaty claim against Ukraine
A Swiss-headquartered iron ore mining and trading company has threatened to bring an investment treaty claim against Ukraine in response to the targeting of its assets by anticorruption authorities prosecuting a “fugitive oligarch”.
19 March 2025
Romania liable over renewables reforms
An ICSID tribunal has reportedly ruled in favour of a wind power investor in a €183 million Energy Charter Treaty claim against Romania over cuts to the state’s renewable energy incentive scheme.
19 March 2025
Kuwait defeats claim linked to 1MDB scandal
A Syrian-French national who was convicted for his role in Malaysia’s 1MDB scandal has lost a US$750 million ICSID claim against Kuwait over court actions targeting his publishing business, despite the tribunal finding due process violations in some of the legal proceedings against him.
18 March 2025
Algeria faces ICSID claim by insolvent German company
The administrator of a German construction holding company has brought an ICSID claim against Algeria.
17 March 2025
Lima highway dispute triggers multibillion ICSID claim
A Canadian investment fund manager has filed a ICSID claim worth more than US$2.7 billion against Peru, a new phase of a long-running dispute over a highway concession in Lima.
14 March 2025