publish

Middle East

States from the Middle East have concluded about 600 investment deals. 44 ISDS cases have been brought against Middle Eastern countries, while investors from the region have initiated 44 cases as well.

In 2013, Al-Kharafi & Sons Co., investors from Kuwait, were awarded US$935 million under the Unified Agreement for the Investment of Arab Capital in the Arab States, in a dispute over a land-leasing contract for a tourism project in Libya, making it one of the largest known awards to date. They had only invested about US$5 million but the arbitration tribunal decided that Libya also had to compensate for profits that would have been made during the 90-year leasing contract and were now lost.

Photo: President of Azerbaijan / CC BY 4.0

(April 2020)

Karkey case posing ”attachment” threat to assets abroad: Cabinet meets today
Business Recorder | 17-Jan-2019
The federal cabinet is expected to approve supplementary grant of $ 1.37 million on to contest cases filed by M/s Karkey in courts of different countries as Pakistan’s assets abroad are facing "attachment" threat.
energy , investor-state disputes | ISDS , Pakistan , Türkiye
Westwater announces acceptance of its request for arbitration
Business Wire | 3-Jan-2019
At issue is Turkey’s taking of Westwater’s Temrezli and Şefaatli uranium projects in June 2018.
investor-state disputes | ISDS , mining , Türkiye , US
Tratado de Protección y Promoción de Inversiones entre Argentina y Qatar
Argentina Mejor Sin TLC | 28-Dec-2018
El Tratado mantiene amplios derechos para los inversores, incluidos algunos de los que usan con más frecuencia para demandar a los Estados: Trato Justo y Equitativo, la Expropiación Indirecta, el Trato Nacional y el Trato de Nación Más Favorecida.
Argentina , investment | BITs , investor-state disputes | ISDS , Qatar
Westwater files international arbitration request against Republic of Turkey
AP | 14-Dec-2018
Westwater Resources, an energy materials development company, announced the filing of a request for arbitration against the Republic of Turkey for the taking of its Temrezli and Şefaatli uranium projects in June 2018.
investor-state disputes | ISDS , mining , Türkiye , US
Pakistan’s overseas assets at risk after court verdict
The Express Tribune | 11-Dec-2018
Pakistan’s assets abroad are at risk of being taken over as a security to implement the international arbitration court’s ruling.
investor-state disputes | ISDS , Pakistan , Türkiye
Notice of arbitration filed against State of Kuwait
Globe Newswire | 17-Jul-2018
Russian businesswoman Marsha Lazareva has filed a notice of international arbitration with the State of Kuwait for breaching a bilateral investment treaty.
investor-state disputes | ISDS , Kuwait , Russia
Turkish government taken to international tribunal
The Guardian | 12-Jul-2018
Recep Tayyip Erdoğan’s regime accused of illegally seizing company assets and breaching investment treaties involving Britain and other EU states.
investor-state disputes | ISDS , services , Türkiye , UK
Korea seeks to cancel ISD decision on Daewoo Electronics deal
The Investor | 4-Jul-2018
South Korea is seeking to cancel a recent investor-state dispute settlement decision by an international tribunal in which the government was asked to compensate US$65 million to an Iranian company.
investor-state disputes | ISDS , Iran , Korea
Pakistan suffers setback in Karkey case as stay order vacated
Express Tribune | 24-Jun-2018
Due to the failure of the caretaker government to deposit Rs15 billion security guarantee, a stay order in favour of Pakistan on the execution of the $846 million arbitration cost awarded to the Turkish firm, Karkey Karadeniz Elektrik Uretim has been vacated.
energy , investor-state disputes | ISDS , Pakistan , Türkiye
Corea del Sur pierde batalla legal frente a un grupo iraní por la venta de Daewoo Electronics
KBS | 11-Jun-2018
El Gobierno surcoreano ha perdido una disputa legal contra una firma iraní por la fallida adquisición de Daewoo Electronics en 2011.
ICSID , investor-state disputes | ISDS , Iran , Korea