ISDS Case Map
ICSID
International Centre for Settlement of Investment Disputes (World Bank)
ZIMBABWE continues its fight in the United States (US) to block enforcement of a US$277 million arbitration award to a German and Swiss family which stems from the country’s controversial land reform programme.
This is related to the complaint made the day before by government functionaries on the absence of legality in the litigation that the ICSID opened on the case of the Employment and Economic Development Zone (ZEDE) against the Government.
The US fund Blasket Renewable Investments has activated the “default” clause that declares Spain at “technical impact” after the Government has not yet paid the pending awards for the cuts in the premiums for renewables.
The World Bank has sent a devastating letter to the Spanish government to demand payment of the awards that condemn our country to compensate the investors affected by the retroactive withdrawal of the premiums granted to renewable energies.
The decision recognised and enforced an ICSID arbitration award obtained by a renewable energy investor against the Spanish Government for €101 million.
Despite warnings that it could deter investment, Albania is pushing ahead with plans to establish a local commercial court to replace the World Bank-funded international arbitration body.
Australian-based exploration company Indiana Resources has threatened to attach one of Air Tanzania's aircraft to force the Tanzanian government to pay nearly $100 million as compensation for a failed nickel project.
Premier Edi Rama reacted angrily to a decision by a World Bank-funded international arbitration body to grant around 110 million euros in compensation to an Italian businessman who claimed he was politically persecuted in Albania.
This article provides a concise summary of the enforcement framework for investment treaty awards under the two most important conventions governing this subject.
In a settlement agreement, Guatemala agreed to pay approximately US$46 million to Teco Holdings LLC, in order to conclude the investment arbitration that the company filed against Guatemala in November 2010.
