The World Bank’s ICSID ruled in favour of Colombia in a feud with Canada’s Montauk Metals after finding that the mining ban imposed by the Gustavo Petro administration on the Santurbán moor does not violate the Canada-Colombia Free Trade Agreement signed in 2008.
There appears to remain a growing demand from investors for the creation of a new European investor-State dispute settlement regime, which would provide a permanent neutral forum for the adjudication of their intra-EU claims.
In part three of our series about international deep-sea mining regulation, Louise Woods and Elena Guillet of Vinson & Elkins explore how international investment law could be applied to dispute resolution.
The company believes that initiating international arbitration process is the most promising way to compensate for the losses from the terrorist attack on the Kakhovka HPP.
More than $100bn of public money has been awarded to private investors in investor-state dispute settlement (ISDS) courts, according to the most comprehensive analysis yet.
The tribunal awarded compensation to ICS Inspection and Control Services Limited for an amount of USD 159.7 million, being USD 9.7 million as principal award in addition to an amount of USD 150 million as interest on the awarded amount.