bilaterals.org logo
bilaterals.org logo

ICSID

Ecuador / ICSID: A new revolt likely to have regional repercussions
7-Oct-2012
Ecuador officially announced on 8 October 2012 that it will request the annulment of the recent decision of the International Centre for the Settlement of Investment Disputes (ICSID) which was communicated on 5 October 2012 (ICSID Decision ARB/06/11).
Kazakhstan wins the arbitration proceeding versus Caratube company
11-Jun-2012
On 5 June 2012 the arbitral tribunal of the International Centre for Settlement of Investment Disputes (ICSID) adopted the decision on the case initiated by Caratube International Oil Company LLP (CIOC) against the Republic of Kazakhstan.
Lone Star is back in town, armed with the investor-state dispute system

5-Jun-2012
In a May 31 press release, the US private equity fund Lone Star said it was planning to request investor state dispute (ISD) arbitration for losses suffered due to "unlawful" interference by the South Korean government.

Churchill Mining files international arbitration against Indonesia
24-May-2012
Churchill Mining (LON:CHL) said it has now filed for international arbitration in its dispute regarding the East Kutai coal project (EKCP) in Indonesia, 75 per cent owned by Churchill.
Argentina: Towards a possible new withdrawal from ICSID?
2-May-2012
As long as States, like Argentina and many others, accumulate a large amount of cases against them or obtain sistematically wrong results before ICSID arbitrators — which is the rule, with a very few exceptions — it is possible that the list of ICSID withdrawals will increase in the Americas.
’We can’t even manage to send a lemon to the US,’ CFK
1-Apr-2012
President Cristina Fernández de Kirchner questioned US president Barack Obama’s recent decision to suspend trade benefits for Argentina, while complaining that “we can’t even manage to get one of our lemons to enter the US market.”
Obama says to suspend trade benefits for Argentina
26-Mar-2012
U.S. President Barack Obama said on Monday he was suspending trade benefits for Argentina because of the South American country’s failure to pay more than $300 million in compensation awards in two disputes involving American investors.
US eyes suspending trade benefits for Argentina
21-Mar-2012
The United States could soon suspend trade benefits for Argentina because of that country’s failure to pay awards in two long-running investment disputes with U.S. companies, a U.S. trade official said on Monday.
Africa: Coming Back to Bite
10-Mar-2012
African governments once rushed into signing bilateral investment treaties to encourage FDI. Lawyers are now calling for new models.
Come and get me: Argentina is putting international arbitration to the test
17-Feb-2012 The Economist
Argentina has never threatened to quit ICSID. Its government insists it is open to honouring the awards. The only delay, it says, is that the claimants have not brought their rulings to a local court for collection.
Experts: More lawsuits to be filed against Venezuela in Icsid
5-Feb-2012
Venezuela’s decision to leave the International Centre for Settlement of Investment Disputes (Icsid) may lead to further claims against the country in that court, said Diana Droulers, the executive director of the Arbitration Center, Caracas Chamber of Commerce.
Twenty Turkish firms file suit against Turkmenistan
14-Jul-2011
The government of Turkmenistan faces legal action from twenty Turkish construction firms over broken contracts costing them more than $1 billion in losses, a spokesman representing the companies said on Wednesday.
Philip Morris takes Uruguay to international court because of tobacco-ban policy
9-Jun-2011
One of the world’s biggest tobacco companies is launching a claim against Uruguay for considering the country’s legislation commercially damaging to the company. Philip Morris corporation has filed a claim at the International Centre for Settlement of Investment Disputes (ICSID), a World Bank branch.
Egypt probes illegal transactions
23-May-2011
UAE companies that have invested in Egypt may stand to lose millions of dollars as the state runs an investigation into alleged corruption by former government officials who sold land and assets to investors below market prices, lawyers say.
Damac threatens international arbitration over Egyptian conviction
13-May-2011
Damac Properties is to fight the conviction of its chairman on Egyptian corruption charges by filing a case with the International Center for Settlement of Investment Disputes (ICSID), the company announced yesterday.
Organizations launch a campaign against Bilateral Investment Treaties
25-Aug-2010 Enlazando Alternativas
Various organizations and social networks in Latin America launched a Continental Campaign against bilateral investment treaties and the International Centre for the Settlement of Investment Disputes.
Vivendi: Arbitrator Reaffirms Ruling, $105M Award Vs Argentina
11-Aug-2010
French media conglomerate Vivendi (VIV.FR) Tuesday said the International Centre for Settlement of Investment Disputes, or ICSID, reaffirmed its original ruling and financial award in favour of the company in a long-running dispute with Argentina.
World Bank approves mining company suit against El Salvador
11-Aug-2010
In a decision with implications for the national sovereignty of member states under US trade pacts, a World Bank tribunal has approved a Canadian mining company’s controversial lawsuit against the government of El Salvador.
Argentina scores second win in World Bank arbitration committee
3-Aug-2010 Dow Jones
The International Center for Settlement of Investment Disputes, or Icsid, dismissed the claims lodged by Enron Creditors Recovery Corp and Ponderosa Assets L.P. late Friday.
ICSID cancels another sentence against Argentina
2-Aug-2010 Buenos Aires Herald
A committee of the International Centre for Settlement of Investment Disputes (ICSID) ruled in favour of Argentina and cancelled a decision by which it had been condemned to pay more than US$106 million to shareholding companies of the local Southern Gas Conveyor (TGS)