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Lotus Holding Anonim Sirketi v. Turkmenistan
The tribunal dismissed all claims against Turkmenistan brought by a Turkish investor, Lotus Holding Anonim Sirketi, under the Energy Charter Treaty and the Turkey-Turkmenistan bilateral investment treaty.
Legal finance trends: International arbitration
In 2019, arbitration finance has figured in at least 20 ICSID arbitrations. The ability to finance the pursuit of unpaid arbitration awards is perceived as the most significant benefit of arbitration finance to companies.
Axiata unit pays US$185mil outstanding tax
Axiata said the payment was made under protest and will seek remedies including restitution of sums already paid in the international arbitration proceedings.
Receipt of LOI for litigation funding
Ascent Resources Plc, the onshore European and Caribbean / Hispanic American oil and gas company, has received a Letter of Intent for up to €3 million of potential litigation funding in Slovenia.
Zimbabwe’s white farmers angered by ‘racist’ edict
The group, representing nearly 4,500 dispossessed commercial farmers, said the new regulations only affect ‘’indigenous’’ farmers and foreigners protected by Bilateral Investment Treaties (BITs).
In a new ICSID award, Spain’s reforms of the renewable energy sector are found not to violate the ECT
The claimants initiated ICSID arbitration against Spain, claiming breaches of the Energy Charter Treaty, including the fair and equitable treatment, umbrella and non-impairment clauses.
Mexico: Investors need to protect foreign investments in times of changing treaty protections
Because of changing attitudes with regard to "expansive" investor protections contained in current treaties, investors need to think ahead and negotiate for the necessary protections to be included in investment contracts.
Win for Mauritius in world heritage development dispute
The government of Mauritius triumphed in an investor-state arbitration against a group of United Kingdom property developers who wanted to develop property at a UNESCO World Heritage site on the island.
Antofagasta : 2019 preliminary results
ICSID appointed a committee to consider Pakistan's annulment application which is expected to reach a conclusion in the next one to two years.
Investor–State Dispute Settlement using the ECOWAS Court of Justice: An analysis and some proposals
Given the present widespread dissatisfaction with investor–State dispute settlement, the ECOWAS Court can provide an alternative to arbitration that is already up and running.