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Decade-old fight over Canadian wind farm heard by arbitration tribunal
An American energy firm accuses Canada of violating the North American Free Trade Agreement, which has since been replaced by a new free trade deal.
Deliberations in Gabriel Resources versus Romania case begin at WB's settlement court
The court accepted Roşia Montana's inclusion on the UNESCO heritage list as a piece of evidence, as an argument for the "bad faith of the Romanian state" invoked by the Canadian company.
Int'l ruling prevents Egypt from paying $30M in compensation to Bahraini company
The arbitral tribunal rejected the requesting company's request to compensate it in the amount of $29.3 million in addition to the accrued interests.
Another wind farm investor sues Romania for phased off incentives
Kelag, one of the most important energy holding companies in Austria, referred Romania to the World Bank’s ICSID, accusing the country of violating the so-called Energy Charter Treaty.
Russia wins latest round of $50-bln Yukos case
The Dutch supreme court overturned an order for Russia to pay $50 billion to former shareholders in dismantled oil giant Yukos, but shunted the lengthy legal saga back to a lower court for more hearings.
ICSID arbitral tribunal discontinues arbitration case against Cyprus
The arbitration has been discontinued in response to the non-payment of the claimant’s portion of the required advance payment of the costs of the proceeding.
Antrix case: Devas says award confirmed by ‘many nations’
Seen as a step for seizure of assets of Indian PSUs abroad.
Owner of Dnipro-Buzka wind farm, Belgium's SREW N.V., initiates arbitration against Ukraine
SREW N.V., an open joint-stock company registered in Belgium, which owns 75% of the charter capital of Dnipro-Buzka wind plant LLC, has initiated arbitration against Ukraine.
CJEU extends Achmea to ad hoc arbitration agreements identical to intra-EU BITs’ arbitration clause
Meanwhile, the European Commission is working on a legislative initiative aiming at improving the protections offered to intra-EU investment under EU law.
Air Canada’s victory against Venezuela: the benefits of international investors relying on a BIT
Air Canada was awarded $20,790,574 million as repatriation, an amount to which it was entitled after set off against sums that were also owed to Venezuela.