ISDS Case Map
ICSID
International Centre for Settlement of Investment Disputes (World Bank)
The International Centre for Settlement of Investment Disputes has ordered Tanzania to pay more than $109 million to a group of companies fronted by Australian miner Indiana Resources Ltd in compensation for the controversial 2018 expropriation of a nickel mine project in Tanzania.
Air Tanzania Company Limited (ATCL) plane that was seized in the Netherlands after a Swedish firm won a $165 million award against Tanzania has been released, says the government.
South Korea has been ordered by the International Centre for Settlement of Investment Disputes to compensate hedge fund Elliott approximately $108.5 million concerning the 2015 merger of two Samsung subsidiaries.
In the last week, four African countries have received investment arbitration claims before the International Center for Settlement of Investment Disputes (ICSID). Cameroon, Nigeria, the Democratic Republic of the Congo and Tunisia have been sued by investors from Italy, the Republic of Korea, Australia, Singapore and the United Kingdom.
ZIMBABWE continues its fight in the United States (US) to block enforcement of a US$277 million arbitration award to a German and Swiss family which stems from the country’s controversial land reform programme.
This is related to the complaint made the day before by government functionaries on the absence of legality in the litigation that the ICSID opened on the case of the Employment and Economic Development Zone (ZEDE) against the Government.
The US fund Blasket Renewable Investments has activated the “default” clause that declares Spain at “technical impact” after the Government has not yet paid the pending awards for the cuts in the premiums for renewables.
The World Bank has sent a devastating letter to the Spanish government to demand payment of the awards that condemn our country to compensate the investors affected by the retroactive withdrawal of the premiums granted to renewable energies.
The decision recognised and enforced an ICSID arbitration award obtained by a renewable energy investor against the Spanish Government for €101 million.
Despite warnings that it could deter investment, Albania is pushing ahead with plans to establish a local commercial court to replace the World Bank-funded international arbitration body.
