News Headlines

Analysis: In recently-surfaced rectification decision, Lone Star v. South Korea tribunal finds that the claimants’ response to the state’s request amounts to a new – and untimely – rectification application; damages are reduced by 500,000 USD
CIS Round-Up: New decisions, hearing updates, cases nearing an end, and other developments in arbitration proceedings involving countries of the region
Spain asks for revision of renewable energy award
UNCITRAL tribunal is in place to hear contract-based claims in third arbitration between highway concessionaire and Lima
Revealed: Tribunal in Leopoldo Castillo Bozo v. Panama upholds jurisdiction over beneficiary of trust and finds that acts of liquidators are attributable to the state, but majority dismisses claims on the merits
Paris Court of Appeal declines to set aside ICC award in refinery dispute with Libya’s national oil company
Analysis: ICSID tribunal awards approximately 6.8 million EUR to PV investors; while costs are mostly split, tribunal questions seriousness of Spain’s second request for reconsideration
Analysis: Tribunal in Marko Mihaljevic v. Croatia declines jurisdiction in view of ICSID Convention’s prohibition of claims by dual nationals against one of their home states; abuse of process is discussed in concurring opinion
French Cour de cassation upholds treaty award against Senegal
Analysis: Investment Protocol to the African Continental Free Trade Area agreement emphasises sustainable development, setting narrow standards of protection and introducing obligations on foreign investors

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