News Headlines
- ICSID arbitration against Costa Rica concludes with an award, with a tribunal majority finding discrete treaty breaches, but declining to award any damages; respondent’s appointee would not have found any wrongful act by the state
- UK High Court finds that insurance claim by Venezuela must be arbitrated, but sovereign immunity from enforcement shields the state from anti-suit injunction
- Lithuania’s appeals court declines to hear counterclaim previously withdrawn from ICSID case
- As Ukrainian parties file billion-dollar ECHR claims against Russia for recent war destructions and human rights violations, UNCLOS tribunal issues inter-state award regarding 2018 military stand-off in the Black Sea
- Korean power company files LCIA arbitration against Pakistan
- Swiss oil company claims victory in LCIA arbitration against Russia’s state-owned Sberbank
- Breaking: Parties reach agreement in principle on modernizing Energy Charter Treaty, including carve-outs for fossil fuels and intra-EU disputes, stricter definitions and standards of protection, and application of 2014 UNCITRAL Rules on transparency
- ECT arbitration against Spain is discontinued
- Analysis: RREEF v. Spain committee is unconvinced that intra-EU arguments warrant annulment of the award
- Revealed: Clorox v. Venezuela tribunal majority dismisses abuse of process argument after finding that the dispute was not foreseeable when the investor restructured the investment; dissenter sees bad faith in the claimant’s narrative
Document Downloads
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Diaz v. Costa Rica, Partial Separate Opinion, June 24, 2022
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Diaz v. Costa Rica, Award, June 29, 2022
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Veolia v. Lithuania, Decision by Lithuania’s Court of Appeal, June 28, 2022
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Clorox v. Venezuela, Dissenting Opinion, June 17, 2021
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Clorox v. Venezuela, Award on Abuse of Process Argument, June 17, 2021
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Green Power v. Spain, Award, June 16, 2022
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Hasanov v. Georgia, Decision on Inter-State Negotiation Objection, April 19, 2022
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RREEF v. Spain, Decision on Annulment, June 10, 2022
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