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Al Amoudi lodges a complaint against Morocco in Washington, D.C.
Al Amoudi recently filed a complaint against Morocco at the World-bank affiliated ICSID thus ending a series verbal threats the Saudi investor has been brandishing since 2015 against Moroccan investment authorities.
Oil and gas leaders warn Trump he risks harming their industry
Trump disagrees with executives on Nafta arbitration language. Industry leaders say it provides an essential safety net.
Letter: Gambia is about to pay half a million dollars at the International Settlement Investment Dispute Court
Shocking information from insiders tells us that the authorities are about to make a payment to the International Settlement of Investment Disputes of nearly US dollars 500,000 as a prepay for the three litigations.
Canada didn’t violate trade agreement in B.C. pulp mill case, NAFTA tribunal rules
A NAFTA tribunal rejects $250-million claim by Mercer International Inc. against the Canadian government.
Spain to pay compensation to renewables investors
In a second international ruling against retroactive cuts in renewables support introduced by the Spanish government in 2013, a Swedish arbitration panel has awarded a Luxembourg-based investment firm €53 million compensation.
API supports NAFTA modernization that retains strong protections for US investors
Ongoing negotiations to modernize NAFTA must advance our role as a global energy leader by retaining US access to Mexico’s newly-opened oil and natural gas market and providing strong protections, including Investor-State Dispute Settlement.
Argentina: Japan wants to invest in energy and mining sector, says secretary
Argentina and Japan are moving ahead with a bilateral investment treaty.
Kazakhstan’s frozen billions sound alarm for sovereign funds
The case is one of several brought to courts in Europe by Moldovan businessman Anatolie Stati who is attempting to force the Kazakh government to pay up in a dispute about his energy investments in the oil-rich country.
Gambia gov’t spends two billion dalasis on arbitration cases!
How can the Goverment risk billions of dalasis in arbitration costs, once more, with Africa Petroleum? What money will pay for this trial?
Arbitrator: EMG due $1.03b from Egypt over canceled gas contract
Decision comes six years after supplies were halted, forcing EMG shareholder Ampal into bankruptcy.
Belt and road initiative: Ominously, Chinese investment in South Asia target control of natural resources
Economic corridors have hardly been as controversial as China’s Belt and Road initiative (BRI). It could have avoided controversies if it had proceeded in a consultative fashion like multi-country cross-border corridors.
Sorainen and V&E successful for E-energija in ICSID arbitration against Latvia
Latvia must compensate E-energija EUR 3.7 million for investment abuse in the district heating business.
Saudi investment sought for gas pipeline
Pakistan and Saudi Arabia have accelerated negotiations on a bilateral investment treaty.
Energie: un forum algéro-américain fin janvier à Houston
Le forum offre l’opportunité aux deux pays de réaffirmer leur liens dans le domaine du commerce et de l’investissement.
Turkey, Somalia sign Economic Partnership Agreement
Last week, Turkey and Somalia signed economic partnership agreement.The countries also came to an understanding on fishing and fisheries. Under this, Turkish fishermen will be able to fish in Somalia’s territorial waters.
Nafta has worked for US oil industry: executive
The US oil industry has benefitted from the free trade pact with Canada and Mexico, and an industry representative urged the Trump administration to keep the deal intact.
Leaked documents reveal how Shell blackmailed Nigeria in Malabu deal
Shell used an arbitration case it filed with the International Centre for the Settlement of International Disputes to railroad the government into brokering truce between it and Malabu Oil and Gas Ltd, its estranged erstwhile partner and the original licensee.
Pakistan spends over Rs2b on legal expenses in Progas case
The government has spent over Rs2 billion to win a case in the international court over the acquisition of assets of Progas Pakistan Limited company – worth Rs2.3 billion.
Investment abitration: Peru faces new ICSID claims
In 2017, Peru has faced a number of new investment treaty claims, with several arising in the transportation sector.
NAFTA puts Mexican energy privatization beyond the reach of voters
The energy proportionality rule in NAFTA blocks a member country’s sovereignty to determine its level of carbon fuel exports, the price at which it sells its oil to its own people, and hinders climate change action.