ICSID, 22 December 2017, Lighthouse Corporation Pty Ltd and Lighthouse Corporation Ltd, IBC v. Democratic Republic of Timor-Leste, no. ARB/15/2

The Tribunal declined jurisdiction over a dispute brought by Australian companies. The case arose out of agreements for the supply of high speed fuel and diesel generators. The Claimants’ argued that the State consented to ICSID arbitration through incorporation by reference, signed agreements of an ICSID arbitration clause contained in their Standard Terms. They alleged [...]