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The lessons of Reko Diq
The question for Pakistan now is what lesson can be learned from events that led to the ICSID Tribunal making a $5.9 billion award against the Government of Pakistan.
EU asserts ‘right to regulate’ as part of energy charter treaty reform
EU member states gave the European Commission a mandate to revise the Energy Charter Treaty, saying the legally-binding charter must reinstate Europe’s “right to regulate” in areas like climate change and workers’ rights.
ICSID declares SC verdict in RPPs case ‘arbitrary’
The International Centre for Settlement of Investment Disputes (ICSID) has declared that the Supreme Court of Pakistan’s judgment in the rental power projects case is ‘arbitrary’.
World Bank body to hear Agility's dispute with Iraq government
Logistics and warehousing company is seeking to settle by arbitration a $380m dispute.
S. Korea to launch task force to handle lawsuits by global investors
South Korea’s financial regulator said it will launch a task force later this month to handle lawsuits filed by global investors, such as US private equity fund Lone Star.
Arbitration court rejects India's plea in case against Nissan: Sources
Nissan sent a legal notice to Indian govt in 2016 claiming more than ₹5,000 crore in unpaid dues, damages at the time
International arbitration newsletter - April 2019 | Regional overview: Middle East and Africa
Updates from Burkina Faso, Egypt, Kenya, Kuwait, Saudi Arabia, Tanzania.
Arbitrage case between Becchetti and Albanian Government settled
While the award rendered by the ICSID on April 24, 2019, has not been disclosed, Albanian media have circulated unconfirmed reports of €110 million.
Energy Charter Treaty modernisation: European Commission presents draft negotiating directives
The European Commission adopted a proposal for a Council Decision authorising negotiations to modernise the Energy Charter Treaty (ECT), to which the EU is part.
Russian fund sends notice of arbitration to Lithuania
The Fund for Protection of Investors’ Rights in Foreign States sent an notice of arbitration against Lithuania for the illegal expropriation of the Bank “Snoras”, in accordance with the investment agreement between the Russian Federation and the Republic of Lithuania.