Orca announced three arbitrations at the CSID: one under the Mauritius–Tanzania Bilateral Investment Treaty, and two under the PSA and GA. The claims-valued at roughly US$1.2 billion-allege Tanzania failed to extend the development licence, prolonged the “Protected Gas” regime beyond its contractual term.
Following a favorable arbitration ruling, Nuevo Pudahuel has secured a 36-month extension to its contract at Santiago Airport, ending a multi-million-dollar dispute with Chile.
Honduran and international civil society organizations that defend individual and collective human rights reject the new Honduran government’s decision to rejoin the International Centre for Settlement of Investment Disputes (ICSID).
Swiss-based Litasco, the international supply and trading arm of Russia’s Lukoil, may initiate arbitration proceedings against Bulgaria after the country transferred the management of Lukoil’s local subsidiaries to a special administrator.
Shell, TotalEnergies, Eni, Exxon and other shareholders in Kazakhstan’s Kashagan oilfield have filed an arbitration claim against a 2023 environmental fine worth around $4.6 billion
Canada’s trade diversification policy amounts to signing more old school free trade and investment deals as quickly, and with as little debate, as possible.
South Korea has won a case filed at a British court seeking to reverse an international tribunal court’s order to pay more than US$100 million in damages to the US hedge fund Elliott Investment Management.
During the meeting, the parties analysed the current status of negotiations on the Comprehensive Economic Partnership Agreement (CEPA) and discussed instruments for investment protection.
Fossil fuel investors are increasingly using ISDS to challenge climate mitigation measures and seek significant compensation. This legal risk can delay climate ambition and drain public finances needed for the transition.