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Argentina still on hook for BIT arbitral award
ICSID tribunal rejects Argentina’s request to reconsider award based on the judgment in entirely separate litigation proceedings.
Israeli developer accuses Cyprus of political persecution in landmark lawsuit
The lawsuit, filed against the Republic of Cyprus, is based on a 1998 bilateral investment treaty between Cyprus and Israel.
Estonia wins 30-year-long Seaplane Harbor ownership dispute tribunal
An international arbitration tribunal has ruled that Estonia acted lawfully in restoring ownership of the Seaplane Harbor (Lennusadam) and ending a 30-year dispute.
Highway heist in Honduras: How corporations fleece regular people in impoverished countries
Extraordinary corporate privileges in US foreign and trade policy are designed to help companies win even when their investments fail.
Brookfield files US$2.7 billion case against Peru over toll roads
The action is being taken under the umbrella of the free trade agreement between Peru and Canada.
The ICSID ruling states that a bribe was demanded for Grandi
Kosovo will pay over 6.7 million euros to MabCo Constructions, owned by former President Behgjet Pacolli, following a decision by the Arbitration Tribunal in Washington.
Hong Kong accelerates integration into national development as CEPA enters new stage
The mainland and Hong Kong signed CEPA in 2003. CEPA has now been upgraded to a comprehensive and modern free trade agreement and has brought significant economic benefits to Hong Kong.
Tanzania, British developer head back to ICSID after stalled talks
Tanzania and British developer Pennyroyal Limited could find themselves back to the International Centre for Settlement of Investment Disputes (ICSID) after talks between the two parties failed to yield an agreement.
PLUNA airlines arbitration fallout: Uruguay’s assets targeted In Luxembourg
The Latin America Regional Aviation Holding has intensified its legal dispute with Uruguay following the country’s failure to comply with the arbitral award related to the closure of Pluna.
Uruguay found liable in treaty dispute with airline company investor
The dispute concerned Uruguay’s national airline Pluna, where the Claimant, a Panamanian company – Latin American Regional Aviation Holdings S. de S.R.L. acquired in 2007 a 75% stake through its subsidiary Leadgate.
ICSID takes cognizance of Turkish firm’s claim against Pakistan
ICSID Tribunal decides to proceed with adjudication on quantum of amounts owed to Bayindir by Pakistan.
China, Belarus to sign FTA
Belarus, which has been hit by Western sanctions over its support for Russia’s offensive in Ukraine, said it will sign a free trade deal with China for services and investment.
‘Political instability threatens AfCFTA implementation’
Political Instability and policy inconsistencies, among others, constitute barriers that threaten the success of the African Continental Free Trade Area Trade in Services Protocol.
EU-Japan deal on data flows enters into force
With its inclusion in the EU-Japan Economic Partnership Agreement, the agreement promotes the concept of ‘Data Free Flow with Trust’, a guiding principle for international cooperation on data flows.
Indonesia, Chile commence talks on IC-CEPA
Indonesia and Chile launched negotiations within the framework of the Indonesia-Chile Comprehensive Economic Partnership Agreement to expand investment potential and opportunities in non-traditional markets, especially Latin America.
Romania wins EUR 330 mln ICSID arbitration lawsuit filed by owners of bankrupt insurer Astra
Romania won the litigation case filed by the owner of the bankrupt insurer Astra Asigurari, Dutch-based Nova Group Investments controlled by the Adamescu family, according to a note published by the Romanian Ministry of Finance.
China, New Zealand agree to start trade talks
China and New Zealand agreed to commence trade in services negotiations based on a negative list approach, as part of efforts to enhance their comprehensive strategic partnership.
CIS Agreement on Free Trade in Services and Investments comes into force
The CIS Agreement on Free Trade in Services and Investments signed in 2023 has come into force, BelTA learned from the Economy Ministry of Belarus.
Uruguayan State requested hefty sum in damages over Montevideo Port deals
Chilean and Canadian partners of the Montecon consortium handling operations in the port of Montevideo have started an arbitration process for “damages and losses” worth up to US$ 600 million against the Uruguayan State.
Peru seeks to avoid arbitration over Chinese-built mega port
A free-trade agreement between Peru and China, which has been in effect since 2009, protects investments and has allowed increased trade between the countries.