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, 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

Paris Court of Appeal, 19 December 2017, Grootint v. Iraq & Central Bank of Iraq, no. 16/19896

Nelcon company sold its Iraqi State debt to Grootint company (Dutch company). Grootint requested payment before the Dutch jurisdictions. The payment was granted and the decision was enforced in France. Iraqi State and the Central Bank appealed the high court decision, then the decision of the court of appeal. The Cour de cassation set aside [...]

2018-01-14T23:23:33+00:00 December 19th, 2017|Court of Appeal, Paris Court of Appeal|0 Comments

Cour de cassation, 13 December 2017, Equatorial Guinea v. Commercial Bank Guinea Ecuatorial, no. 16-12943

Equatorial Guinea was ordered by an arbitral tribunal to pay various sums to a bank. In 2012 the parties signed a settlement agreement over the dispute. The bank nevertheless tried to attach an aircraft owned by Guinea and held by a third party using the award. The bank had no standing to execute a title [...]

2018-01-14T23:04:04+00:00 December 13th, 2017|Cour de cassation|0 Comments

Cour d’appel de Paris, 23 mai 2017, no. 15/24578

- Si les contestations relatives à l’assiette, au quantum ou à l’exigibilité de l’impôt échappent par nature à l’arbitrage, il n’en va pas de même des litiges portant sur la mise en œuvre d’une convention par laquelle les parties répartissent entre elles la charge des taxes engendrées par leurs rapports de droit. Pour autant, un [...]