Arbitration Notes
Tag: icsid arbitration
Showing 24 out of 34 results
Exxon Mobil is awarded US$1.6 billion in ICSID claim against Venezuela – to be set off against award in parallel contractual arbitration
On 9 October 2014, a tribunal of H.E. Judge Gilbert Guillaume (President), Professor Kaufmann-Kohler and Dr. Ahmed Sadek El-Kosheri rendered a final …
Churchill Mining v Indonesia: ICSID Tribunal takes cautious approach to request for provisional measure
On July 8, 2014, a tribunal composed of Professor Gabrielle Kaufmann-Kohler (President), Michael Hwang S.C., and Professor Albert Jan van den Berg (the …
No consent to ICSID jurisdiction found under Venezuelan Investment Law: distinction drawn between the intention of the drafters and the intentions of the State
In OPIC Karimun Corporation v Venezuela, an ICSID tribunal has held that Venezuela's Investment Law's reference to ICSID did not, without more, provide …
Egypt prevails on "fork-in-the-road" provision
In an unpublished ICSID decision last month (the Decision), reported in Global Arbitration Review and Investment Arbitration Reporter, the Arab Republic …
Tanzanian Courts Injunct ICSID Proceedings
On 23 April 2014, the Tanzanian High Court ordered both parties in on-going ICSID arbitration proceedings, Standard Chartered Bank (Hong Kong) Limited …
Breach of fair and equitable treatment standard (ICSID)
In Ioan Micula and others v Romania (ICSID Case No. ARB/05/20), an ICSID tribunal considered whether Romania was in breach of the Sweden-Romania …
Argentina settles five outstanding investment treaty arbitration claims in historic break with its anti-enforcement stance
Argentina has agreed to settle five separate investment treaty arbitration claims at a cost of around USD 500 million, in an historic departure from the …
Pakistan Supreme Court declares a contract – and the arbitration clause within that contract – void on public policy grounds
In a decision earlier this year the Pakistan Supreme Court declared that a joint venture agreement between a local development authority and BHP for the …
Further steps given by Ecuador to terminate its bilateral investment treaty with the USA
On 6 March 2013, Ecuador's President, Mr Rafael Correa, requested that Ecuador's legislature (the National Assembly) approve the denunciation of the …
President Hugo Chavez's Legacy: What Future for Investors in Venezuela?
Overnight the Venezuelan government has confirmed the death of President Hugo Chavez after a long battle with cancer. President Chavez had been a …
Ambiente Ufficio S.p.A. and others v Argentine Republic (ICSID Case No ARB/08/9)
In Ambiente Ufficio S.p.A. and others v Argentine Republic, an ICSID tribunal held that it had general jurisdiction over a multi-party claim commenced by …
Tribunal navigates the procedural minefield in Abaclat v Argentina, issuing its 17th procedural order
On 8 February 2013, the majority of the tribunal in the famous Abaclat and Others v Argentina case issued its 17th procedural order. The first such order …
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