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Court upholds Philip Morris International group's appeal, cancels UAH 1.18 bln fine imposed by antimonopoly committee
The companies of the Philip Morris International group on December 21, 2020 filed a claim about bilateral investment arbitration against the government of Ukraine.
Kenya prevails in a geothermal arbitration brought by WalAm Energy— ICSID tribunal rejects all claimant allegations
An ICSID tribunal dismissed claims brought by WalAm Energy LCC over a geothermal project in the Republic of Kenya
UNCITRAL tribunal finds India in breach of India–UK BIT in proceedings brought by Cairn entities
A PCA tribunal dismissed India’s jurisdictional objections and found it in breach of the FET standard in the India–UK BIT in an arbitration under UNCITRAL rules initiated by Cairn Energy.
Oschadbank v. the Russian Federation
The Paris Court of appeal set aside the arbitral award issued in the dispute Oschadbank v. the Russian Federation, finding that the tribunal lacked temporal jurisdiction.
Tribunal to hear miner’s dispute against Tanzania
Indiana argues that expropriation of its nickel project breached the investment agreement signed by Tanzanian, British and the Northern Ireland governments.
Paris Court of Appeal finds PCA lacked power to intervene in OIC investor-state arbitration
The Paris Court of Appeal recently issued a noteworthy decision that will likely have a significant impact on the use of the OIC Agreement, one of the largest multilateral investment treaties.
International tribunal likely to wrap up Lone Star-Seoul ISD case by H1
According to sources related to the Lone Star ISD, the tribunal is expected to give a final ruling on Lone Star versus the Korean government case that has dragged on for nine years within the first half.
French Supreme Court overturns lower court’s Rusoro damages award
Rusoro Mining reports that the French Supreme Court has overturned the decision of the Paris Court of Appeal, which had annulled part of the damages portion of the arbitral award previously rendered in favour of the company.
Oschadbank to appeal against Paris court decision in Crimean case
Oschadbank plans to immediately appeal against the judgment of the Paris Court of Appeal, which rejected the award in the case against Russia over compensation for losses caused by the occupation of Crimea.
Compensation under investment treaties
The principles governing compensation are too important to be left to arbitrators. Hundreds of millions—or even billions—of dollars are often at stake.