ICSID, 22 August 2018, Standard Chartered Bank (Hong Kong) Ltd. v. Tanzania Electric Supply Company Ltd. (TANESCO), ICSID Case No. ARB/10/20, Decision on the Application for Annulment

Upon the request of Tanzania Electric Supply Company Limited (TANESCO or “Respondent”), an electricity supply company designated as an agency of the Republic of Tanzania pursuant to Article 25(1) of the ICSID Convention, on 22 August 2018, an ICSID ad hoc committee issued a decision on annulment of an arbitral award dated 12 September 2016. [...]

2018-09-08T21:08:20+00:00 August 22nd, 2018|ICSID, International awards|0 Comments

ICSID, 30 July 2018, Lion Mexico Consolidated LP v. United Mexican States, ICSID Case No. ARB(AF)/15/2, Decision on Jurisdiction

On 30 July 2018, a NAFTA arbitral tribunal issued a decision on jurisdiction in Lion Mexico Consolidated LP v. United Mexican States, rejecting Respondent’s ratione materiae objection. The proceedings were governed by the ICSID Additional Facility Rules. The dispute arose out of State’s judicial conduct in the dispute of the default of payment of three mortgages [...]

2018-09-08T21:05:06+00:00 July 30th, 2018|ICSID, International awards|0 Comments

ICSID, 26 July 2018, Georg Gavrilović and Gavrilović D.O.O. v. Croatia, ICSID Case No. ARB/12/39, Award

On 26 July 2018, an ICSID arbitral tribunal issued an award in favour of Austrian investors, Georg Gavrilović and Gavrilović D.O.O., claimant in a dispute with the Republic of Croatia (“Respondent”). The dispute arose out of the State’s refusal, when the Croatian War of Independence ended, to recognize a purchase of the family enterprise by [...]

2018-09-08T21:02:54+00:00 July 26th, 2018|ICSID, International awards|0 Comments

ICSID, 13 July 2018, Mobil Investments Canada Inc v. Canada, ICSID Case No. ARB/15/6, Decision on Jurisdiction and Admissibility

On 13 July 2018, an ICSID arbitral tribunal issued a decision on jurisdiction and admissibility in Mobil Investments Canada Inc v. Canada, rejecting some of Respondents’ preliminary objections. The dispute arose out of oil projects located off the coast of the Canadian province of Newfoundland and Labrador. Following the Canada’s implementation of the 2004 Guidelines [...]

2018-08-06T22:31:36+00:00 July 13th, 2018|ICSID, International awards|0 Comments

ICSID, 29 June 2018, A11Y Ltd. v. Czech Republic, ICSID Case no. UNCT/15/1, Award

On 29 June 2018, an arbitral tribunal, set in Paris and administratively supported by ICSID, issued a final award in favour of Czech Republic, defendant in the A11Y Ltd v. Czech Republic case brought by a UK investor. These proceedings were governed by the UNCITRAL Rules. The dispute arose from the Statement made by the [...]

ICSID, 15 June 2018, Antin Infrastructure Services Luxembourg SARL and Antin Energia Termosolar B.V. v. The Kingdom of Spain, no. ARB/13/31, Award

On 15 June 2018, an arbitral tribunal awards investors, under the Energy Charter Treaty (“ECT”), 112 million euros as compensation for their claim relating to reforms undertaken in the renewable energy sector in Spain. First, the arbitral tribunal rejects Respondents’ intra-European Union (“EU”) objections to its jurisdiction. It considers that Claimants are qualified as “investors [...]

2018-07-02T16:04:08+00:00 June 15th, 2018|ICSID, International awards|0 Comments

ICSID, 18 May 2018, Quiborax S.A. y Non-Metallic Minerals S.A. v. Bolivia, no. ARB/06/2, Decision on Annulment on the request of Bolivia

Upon the request of Bolivia in the Quiborax S.A. y Non-Metallic Minerals S.A. v. Bolivia case, on 18 May 2018 an ICSID ad hoc Committee issued a decision on annulment of an arbitral award dated 16 September 2015. The dispute was settled in favor of the investor. Bolivia requested annulment on three grounds set forth [...]

2018-06-27T21:55:39+00:00 May 18th, 2018|ICSID, International awards|0 Comments

ICSID, 17 May 2018, Raiffeisen Bank International AG and Raiffeisenbank Austria d.d. v. Republic of Croatia, no. ARB/17/34, Decision on the Proposal to Disqualify an arbitrator

On 17 May 2018, the Chairman of the Administrative Council issued his decision on Croatia’s proposal to disqualify a Member of the arbitral tribunal in the Raiffeisen Bank International AG and Raiffeisenbank Austria d.d. v. Republic of Croatia case. Croatia filed the proposal on the basis of Article 57 of the ICSID Convention and Rule [...]

2018-06-27T21:52:58+00:00 May 17th, 2018|ICSID, International awards|0 Comments

ICSID, 16 May 2018, Masdar Solar & Wind Cooperatief U.A. v. Kingdom of Spain, no. ARB/14/1, Award

On 16 May 2018, an ICSID arbitral tribunal issued a final award on jurisdiction, merits and costs in favour of a Dutch investor against Spain. The dispute arose out of the Respondent’s reforms on the renewable energy market, undertaken from 2012 to 2014. All these regulatory modifications occurred after years of the State’s encouraging of [...]

2018-06-27T21:50:20+00:00 May 16th, 2018|ICSID, International awards|0 Comments

ICSID, 3 May 2018, ACP Axos capital v. Kosovo, no. ARB/15/22

This is the first time the International Centre for Settlement of Investment Disputes (“ICSID”) rendered an arbitral award in relation with the state of Kosovo. This case concerned the bilateral investment treaty (“BIT”) between the Socialist Federal Republic of Yugoslavia and the Federal Republic of Germany. The arbitral tribunal has dismissed the arbitration claim for [...]

2018-06-27T21:24:35+00:00 May 3rd, 2018|ICSID, International awards|0 Comments