ICSID, 23 March 2018, Salini Impregilo S.p.A. v. Argentine Republic, no. ARB/15/39, Decision on Jurisdiction and Admissibility

In 1997, a construction consortium (“Claimant”) won a bid for a contract for the construction, maintenance and operation of a toll road in Argentina. The consortium formed Puentes del Litoral S.A., an Argentina-incorporated company. On the merits, the Claimant alleges that Argentina’s acts started in 2002 led to the termination of the contract in 2014. [...]

2018-06-27T06:46:41+02:00March 23rd, 2018|ICSID, International awards|0 Comments

United States District Court, District of Columbia, 22 March 2018, Balkan Energy Limited v. The Republic of Ghana, no. 17-cv-005582 (APM)

On 22 March 2018, the District Court confirmed an arbitral award in favor of Balkan Energy Limited and dismissed Ghana’s objections in seeking to oppose the award’s enforcement. The arbitral tribunal had awarded more 11.75 million dollars in damages for the breach of a Power Purchase Agreement on the grounds that the company had legitimate [...]

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