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ICSID tribunal divides authority to represent insolvent claimant: court-appointed insolvency administrator will represent PNB Banka for most of the arbitration, but not in relation to the claim that the insolvency administrator’s appointment itself amounted to a treaty breach
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Analysis: In recently-surfaced decision on intra-EU objection, tribunal finds no conflict between EU law and the ICSID Convention for jurisdictional purposes – but sees a “substantial overlap” between EU law and the BIT’s substantive provisions
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Three are named to hear waste management arbitration against Egypt
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Banking claim against Latvia proceeds to the next stage, as arbitrators render decision on bifurcated issues involving discussion of Brexit and intra-EU objection
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Three are named to hear PV Investors v. Romania arbitration
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Analysis: In WalAm v. Kenya, arbitrators found that forfeiture of the claimant’s geothermal exploration license violated neither local nor international law
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Revealed: Award in dispute over Kenyan geothermal energy project comes to light
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WalAm Energy files for annulment of award in geothermal power dispute with Kenya
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Kenya claims victory in contract-based ICSID arbitration
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Analysis: co-arbitrators in Sapec v. Spain see no issue conflict due to James Spigelman’s involvement in previous Spanish renewables case
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Spain is unsuccessful in bid to unseat James Spigelman from Sapec tribunal
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Analysis: ICSID Chairman decides that he does not have the power to decide issues of representation in disqualification proceedings
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Breaking: ICSID rejects proposal to disqualify all three tribunal members in PNB Banka v. Latvia arbitration
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Repeat ICSID appointment prompts yet another disqualification request by Spain
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Tribunal selected to hear renewables claim against Spain sees two repeat appointments
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Award in IMFA v. Indonesia surfaces, revealing tribunal’s criticism of investor’s due diligence failings
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Analysis: Tribunal’s decision that a state-appointed insolvency administrator should represent PNB Banka in ICSID arbitration prompts DQ bid
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[UPDATED WITH NEW DOCUMENTS] British nationals seek to disqualify all three members of an ICSID tribunal hearing Latvian banking dispute
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Three are named to hear Spain’s bid to annul €33 million Cube Infrastructure Fund award
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Baltic Round-Up: An update on arbitration claims against Latvia and Lithuania
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Spain files for annulment of Cube Infrastructure Fund award, while ad-hoc committee is reconstituted in Masdar v. Spain
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Philippines arbitration round-up: Chevron files BIT claim, as we review seven other arbitrations against the state and its instrumentalities
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Analysis: Unpacking the reasons why the Cube Infrastructure v. Spain tribunal unanimously saw an ECT violation with respect to PV investments, but disagreed with respect to later hydro investments
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Breaking: Another Energy Charter Treaty award lands on Spain, newly-obtained rulings lay out reasons for liability in relation to PV and hydro investments by Cube Infrastructure Fund
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