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Three are in place to hear 400 million EUR ICSID claim against Morocco
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Spanish construction company lodges 400 million EUR treaty claim against Morocco
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Analysis: ICSID ad hoc committee majority dismisses Spain’s annulment bid; dissenter sees lack of reasoning in treatment of counterfactual scenario for the assessment of damages
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ICSID ad hoc committee majority rejects Spain’s bid to annul SolEs Badajoz award; dissenter sees a failure to state reasons in the quantification of damages
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Kuwait settles ICSID case; arbitration proceedings are discontinued
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Arbitrators comings and goings: Two resignations and one appointment
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ICSID ad hoc committee considers that sale of right to collect damages under Spanish renewables award indicates a real risk of non-recoupment, and decides to continue the stay of the underlying award
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Relying on a bespoke test, a Zachary Douglas-chaired tribunal bifurcates Kuwait’s jurisdictional objections in Sumrain v. Kuwait
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Masdar v. Spain case is discontinued
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ICSID sees no pro-state bias by Zachary Douglas in Sumrain v. Kuwait; tribunal is reluctant to suspend proceedings due to COVID-19 in light of provisional measures request
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ICSID tribunal declines request for joinder of third party
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After identifying a “significant risk” of non-recoupment, ICSID ad hoc committee extends stay of enforcement of SolEs Badajoz v. Spain award
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ICSID ad hoc committee declines to continue stay of enforcement of intra-EU Masdar v. Spain award, but orders the investor to pledge repayment of sums received in case of annulment
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An ICSID ad hoc committee is in place to hear Spain’s bid to annul the SolEs Badajoz v. Spain award
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Arbitrators comings and goings: a new tribunal, two replacements, and a new ad hoc committee
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Arbitrators comings and goings: arbitrators resign from a trio of treaty-based cases
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ICSID rejects bid to disqualify Veeder and Douglas in Kuwait arbitration
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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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Arbitrator challenge and resignation round-up: Zachary Douglas, V.V. Veeder, Peter Rees, and Makhdoom Ali Khan
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Three are in place to hear claims brought by a group of Egyptian real estate investors against Kuwait, with Zachary Douglas tapped to chair
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Egyptian real estate investors – Ayat Nizar Raja Sumrain and others – initiate ICSID arbitration against Kuwait
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Spanish solar cases at ICSID: one award is challenged, and ad-hoc committee is formed to hear another previously-filed annulment application
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Venezuela annulment decision finally surfaces, shedding light on reasons for upholding of Tenaris & Talta (2) award
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Analysis: in a pair of recent decisions, ICSID committees disagree on conditions for continuing a stay of award enforcement; one committee deems conduct of state in a prior case to be in violation of ICSID Convention
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