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Stockholm arbitration body suspends termination of Chisinau Airport concession
The Arbitration Institute of the Stockholm Chamber of Commerce has suspended the termination of the Chisinau International Airport concession contract until it reaches a final decision on the case.
First annulment of investment arbitration award by Supreme Court
In a recently published decision, the Supreme Court – for the first time – partially annulled an arbitral award issued in an investment arbitration brought by Clorox España SL against Venezuela.
Why do states consent to arbitration in national investment laws?
Of the 65 states that have received investment law advice from World Bank's FIAS, 30 subsequently included arbitration in their law.
Eiser Infrastructure Limited and Energia Solar Luxembourg S.à.r.l. v. Kingdom of Spain
On June 11, 2020, an ICSID ad hoc committee issued a unanimous decision to annul a €128 million award against Spain in its entirety.
Is Korea caught in Lone Star's trap?
The government is apparently baffled by Lone Star Fund's attempts to use Korean news outlets as a means of putting itself in a dominant position in its $4.68 billion legal battle against Seoul.
Netherlands Supreme Court accepts Russia’s appeal of $57 billion verdict in favor of ex-Yukos shareholders
The Supreme Court of the Netherlands has agreed to consider Russia’s appeal against a lower court ruling, which awarded multi-billion-dollar compensation to former shareholders of the defunct Russian oil giant, Yukos.
Annulment of Al Kharafi v. Libya arbitral award by Cairo court of appeal
On 3 June 2020, the Cairo Court of Appeal set aside a US$ 1 billion investment treaty award arising out of a dispute between a Kuwaiti construction company and the State of Libya, in relation to a license for a tourist development project in Tripoli, Libya.
Decisions of the Paris Court of Appeal and French Supreme Court in 2019
A number of noteworthy decisions by the Paris Court of Appeal and French Supreme Court have come to refine on the now well-established French case law on international arbitration.
As COVID-19 continues, governments must shield emergency measures from investor-state arbitration
Governments worldwide need the policy space now to issue economic support packages and protect their public health systems, without worrying that their budgets could face even more strain from an all-consuming wave of arbitration.
Venezuela brands US-backed Citgo sale ‘an act of modern piracy’
The dispute with Crystallex follows a ruling by the International Centre for Settlement of Investment Disputes (Icsid), an international arbitration institution set up by the World Bank.