investor-state disputes | ISDS


Citgo settlement falters, auction plan resurfaces
Former Canadian mining company Crystallex has resumed efforts to auction shares of Venezuelan-controlled US refiner Citgo and accused Caracas of breaching an earlier settlement to stave off the sale.
Westwater files international arbitration request against Republic of Turkey
Westwater Resources, an energy materials development company, announced the filing of a request for arbitration against the Republic of Turkey for the taking of its Temrezli and Şefaatli uranium projects in June 2018.
Intra-EU ECT claims post-Achmea: Vattenfall decision paves the way
Tribunals still grappling with the intra-EU question, especially those in ECT cases, are certain to pay great attention to the carefully crafted Vattenfall decision. Its reasoning may well serve as a blueprint for further decisions and awards in similar cases.
A summary of public concerns on investment treaties and investor-state dispute settlement
International investment agreements, specifically bilateral investment treaties and the investment chapters in free trade agreements, have come under the spotlight for what are seen as skewed provisions that grant excessive rights to foreign investors.
Pakistan’s overseas assets at risk after court verdict
Pakistan’s assets abroad are at risk of being taken over as a security to implement the international arbitration court’s ruling.
Congo declares cobalt 'strategic', nearly tripling royalty rate
Foreign investors say the tax hikes under the new code will deter further investment and have threatened to challenge some parts of the regulation in arbitration.
BITs of Bangladesh: Are they national interest friendly?
Bangladesh has about 30 BITs of which those with international arbitration provisions tilt to protect corporate interests more than the national interest of Bangladesh as reflected in the Saipem, Chevron, and Niko arbitrations.
Land reform blow: Zimbabwe must pay foreign investor US$195m; World Bank unit dismisses Harare’s bid to annul award
The ICSID has rejected Zimbabwe’s application to annul an US$195 million award to a German family whose property was expropriated under the controversial land reform programme.
Ukraine's Oschadbank awarded $1.3 bln from Russia over Crimea loss
Ukraine's Oschadbank has been awarded $1.3 billion by an international arbitration court in respect of the bank's claims against Russia to compensate for loss of business and assets in Crimea following Moscow's annexation of the peninsula in 2014.
Venezuela pays miner $425 million in move to safeguard Citgo
Venezuela made an partial payment of a settlement designed to resolve a $1.2 billion arbitration award to a bankrupt Canadian gold miner that’s laying claim to the assets of the parent of refiner Citgo Holding Inc. if it’s not paid in full.