ISDS Case Map
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The tribunal awarded compensation to ICS Inspection and Control Services Limited for an amount of USD 159.7 million, being USD 9.7 million as principal award in addition to an amount of USD 150 million as interest on the awarded amount.
Earlier this year, ICSID dismissed the claims of Gabriel Resources in the Roșia Montană case. The court also obliged the companies to pay Romania the costs of the lawsuit, as well as interest.
Romania has placed a lien on over 80% of the shareholding held by Gabriel Resources in Roșia Montană Gold Corporation to recover its $10 million arbitration costs incurred over a 9-year process in Washington.
UNCITRAL adopts a new code of conduct for arbitrators in international investment dispute resolution
Although a universal and uniform framework regulating arbitrators’ conduct is useful, its impact may be limited due to limited implementation prospects and the absence of punitive measures.
The Dutch Supreme Court denied an appeal by Russia against the seizure of the rights to the Stolichnaya and Moskovskaya vodka brand names for the Benelux market by the former shareholders of now-defunct oil producer Yukos.
The purported foreign investors were seeking approximately $100 million in damages claiming that the government had amended the legal framework for ethanol production in the country in breach of Panama's international law obligations.
An Amsterdam court has rejected Russia’s final argument in a years-long legal battle over a $50 billion arbitration award.
AAG have confirmed they have submitted the claim by way of a request for arbitration to the International Centre for Settlement of Investment Disputes.
In our latest episode, we’re talking about Investor-State Dispute Settlement (ISDS) and its implications for our economies and democracies.
The tribuna has extended the period to draw up and sign the award for a further 60 days. Accordingly, the Tribunal must issue the award on or before March 12, 2024.
