ICSID

International Centre for Settlement of Investment Disputes (World Bank)

‘Silent coup’: how capitalism defeated decolonization
The crumbling of European empires after WWII didn’t usher in a new era of democracy—instead, we now live in a regime of international corporate rule.
Mexico's Azteca files arbitration claim against Peru in fibre backbone case
La compañía peruano-mexicana Azteca Comunicaciones ha presentado un arbitraje de inversiones contra Perú ante el Centro Internacional de Arreglo de Diferencias relativas a Inversiones (CIADI), después de anunciarlo desde 2021.
Exxon awarded $77 million in claim against Venezuela
The World Bank arbitration court awarded $77 million to Exxon Mobil Corp. in a resubmitted claim worth $1.4 billion over the nationalization of Venezuela’s Cerro Negro and La Ceiba crude projects in 2007.
Indiana Resources Limited - Publication of ICSID Award
ICSID Tribunal unanimously ordered Tanzania to pay more than US$109.5million plus costs for the unlawful expropriation of the Ntaka Hill Nickel Project (India).
Intra-EU investor-State ICSID arbitration: the German Federal Court of Justice’s new inadmissibility ruling
On 27 July 2023, the German Federal Court of Justice (German FCJ) declared three intra-EU investor-State ICSID arbitrations inadmissible under German arbitration law given their incompatibility with EU law.
Honduras threatens ICSID withdrawal over $11 billion ‘neo-colonial’ special economic zone claim
Honduras is threatening to withdraw from the World Bank’s International Centre for Settlement of Investment Disputes over an $11 billion claim by Honduras Prospera, a US company.
Australian firm wins $109m compensation against Tanzania
The International Centre for Settlement of Investment Disputes has ordered Tanzania to pay more than $109 million to a group of companies fronted by Australian miner Indiana Resources Ltd in compensation for the controversial 2018 expropriation of a nickel mine project in Tanzania.
Air Tanzania plane seized in the Netherlands released, returns home
Air Tanzania Company Limited (ATCL) plane that was seized in the Netherlands after a Swedish firm won a $165 million award against Tanzania has been released, says the government.
Massive payout: South Korea slapped with $108.5 million penalty for Samsung merger
South Korea has been ordered by the International Centre for Settlement of Investment Disputes to compensate hedge fund Elliott approximately $108.5 million concerning the 2015 merger of two Samsung subsidiaries.
Wave of investment arbitration claims against African countries
In the last week, four African countries have received investment arbitration claims before the International Center for Settlement of Investment Disputes (ICSID). Cameroon, Nigeria, the Democratic Republic of the Congo and Tunisia have been sued by investors from Italy, the Republic of Korea, Australia, Singapore and the United Kingdom.