energy

oil, gas, agrofuels

Pakistan gets stay on $800m Karkey penalty
Pakistan has successfully gotten a stay order from the International Centre for Settlement of Investment Disputes (ICSID) over the execution of an $800 million award to Karkey Karadeniz Elektrik Uretim (Karkey).
Threats to NAFTA cast doubt over Mexico's oil tenders, investment
Energy firms worry the end of NAFTA could eliminate the so-called Investor State Dispute Settlement.
Yukos ex-shareholders withdraw lawsuit on seizure of Russian property in Belgium
Court proceedings over seizure of Russian property in Belgium, initiated by former shareholders of Yukos oil corporation, have been cancelled.
High Court rules in favour of JKX in Ukraine dispute
The High Court has dismissed an application by Ukraine to set aside the Uncitral arbitration award in favour of JKX Oil & Gas.
Swiss top court rejects Croatia's request to annul INA-MOL ruling
Switzerland's top court has rejected Croatia's request to annul an arbitral award by the United Nations Commission on International Trade Law (UNCITRAL) in the INA-MOL case, the government said.
African Petroleum seeks arbitration over Gambia oil dispute
African Petroleum Corp has begun arbitration proceedings over Gambia’s decision to strip the company of its rights to explore for oil in two offshore areas.
Invenergy says to take USD-700m Polish wind claim to intl arbitration
US clean energy company Invenergy LLC has notified the Polish authorities it plans to turn to international arbitration over its wind investments in the country, if no settlement is reached within six months.
Biofuels emerge as burning issue in EU-Mercosur talks
Biofuels have emerged as a make-or-break issue in the EU’s negotiations with South American trading bloc Mercosur, and EU farmers fear they will be left to fend off stronger competition in a shrinking market.
Ecuador awarded USD41 million in counterclaim against US oil and gas company Burlington Resources
The tribunal ordered Burlington to pay USD41 million in compensation to Ecuador for environmental and infrastructure damage.
Derains & Gharavi : Press release on behalf of Caratube International Oil Company LLP and Mr. Devincci Hourani
An ICSID Arbitral Tribunal ordered Kazakhstan to pay Caratube USD 39.2 million in damages, plus USD 1,207,757.44, and well over 10 million USD in interest.