ISDS Case Map
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The case KVV Liepājas metalurgs owner Yevgenij Kazmin had against the state of Latvia has been put on hold, according to information from the State Chancellery.
For the first time, an ISDS tribunal has qualified project finance as a foreign investment protected under an investment treaty.
While the termination agreement is in many ways the culmination of a process seeking to put an end to intra-EU investor-State dispute resolution, the story is far from over.
Despite a drop in cases at ICSID in the face of Covid-19 and Achmea, the level of investor-state arbitrations remains high overall. However, long-term challenges remain.
The Ministry of Justice in Korea has created a team dedicated to settling investor-state disputes, in order to more actively and effectively respond to intricate international litigation.
A recent ICSID tribunal has denied an investor’s claim concerning the development of an airport project in Latvia, which may have wider implications for infrastructure projects that may now be under feasibility reviews as a result of the Covid-19 pandemic.
Vilnius regional Court said it had not accepted the lawsuit as the arbitration procedure in Washington has not been competed yet.
The Arbitration Institute of the Stockholm Chamber of Commerce has suspended the termination of the Chisinau International Airport concession contract until it reaches a final decision on the case.
In a recently published decision, the Supreme Court – for the first time – partially annulled an arbitral award issued in an investment arbitration brought by Clorox España SL against Venezuela.
Of the 65 states that have received investment law advice from World Bank's FIAS, 30 subsequently included arbitration in their law.
