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Belt and road initiative: Ominously, Chinese investment in South Asia target control of natural resources
12-Feb-2018 Financial Express
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
19-Jan-2018 CEE Legal Matters
Latvia must compensate E-energija EUR 3.7 million for investment abuse in the district heating business.
Saudi investment sought for gas pipeline
18-Jan-2018 Dawn
Pakistan and Saudi Arabia have accelerated negotiations on a bilateral investment treaty.
Energie: un forum algéro-américain fin janvier à Houston
16-Jan-2018 APS
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
15-Jan-2018 Somali Update
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
10-Jan-2018 Business Times
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
2-Jan-2018 Petro Barometer
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
2-Jan-2018 Express Tribune
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
21-Dec-2017 Lexology
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
8-Dec-2017 Rabble
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.
ConocoPhillips and the Republic of Ecuador agree to settlement of ICSID award
4-Dec-2017 The Financial
Under the terms of the agreement, ConocoPhillips will recover a total of $337 million from Ecuador.
Samsung Engineering files ISDS suit over Saudi power plant
20-Nov-2017 Korea Herald
Samsung Engineering has filed an investor-state dispute settlement suit against Saudi Arabia over changes made to its power plant construction contracts for Yanbu Industrial City.
Pakistan gets stay on $800m Karkey penalty
13-Nov-2017 The Express Tribune
Pakistan has successfully gotten a stay order from the International Centre for Settlement of Investment Disputes (ICSID) over the execution of an $800 million award to Karkey Karadeniz Elektrik Uretim (Karkey).
Threats to NAFTA cast doubt over Mexico’s oil tenders, investment
4-Nov-2017 Reuters
Energy firms worry the end of NAFTA could eliminate the so-called Investor State Dispute Settlement.
African Petroleum seeks arbitration over Gambia oil dispute
19-Oct-2017 Reuters
African Petroleum Corp has begun arbitration proceedings over Gambia’s decision to strip the company of its rights to explore for oil in two offshore areas.
Invenergy says to take USD-700m Polish wind claim to intl arbitration
16-Oct-2017 Renewables Now
US clean energy company Invenergy LLC has notified the Polish authorities it plans to turn to international arbitration over its wind investments in the country, if no settlement is reached within six months.
Biofuels emerge as burning issue in EU-Mercosur talks
5-Oct-2017 EurActiv
Biofuels have emerged as a make-or-break issue in the EU’s negotiations with South American trading bloc Mercosur, and EU farmers fear they will be left to fend off stronger competition in a shrinking market.
Opportunities and benefits of CETA for Canada’s oil and gas exporters
3-Oct-2017 Government of Canada
How will CETA benefit Canadian oil and gas product exporters?
Mexico offers to match oil groups’ Nafta wish
28-Sep-2017 Argus
Mexico is considering writing into law investor-state dispute settlement provisions contained in the North American Free Trade Agreement (Nafta) to reassure US and Canadian investors in its energy sector.
Karkey Karadeniz case: In interest alone, govt owes $5.6m a month
22-Sep-2017 The Express Tribune
The International Centre for Settlement of Investment Disputes (ICSID) has not only imposed a hefty fine on Pakistan but also declared that the country will be paying $5.6 million as interest per month.