South Korean utility Korea Western Power Company (Kowepo) has begun arbitration proceedings against India for not honoring a fuel supply commitment to a gas-based power plant that it part-owns in western India
Swiss elevator maker, Schindler Group, has officially filed for an investor state dispute settlement against the Korean government seeking US$300 million in compensation for losses over its approval of paid-in capital increase of Hyundai Elevator
Schindler filed a notice of intent for arbitration on July 11. Under the ISD procedure, if the issue is not resolved through settlement in 90 days, the investor can take the case to the international tribunal.
US-based hedge fund Elliott Associates has officially filed for an investor-state dispute settlement against the South Korean government seeking $770 million in compensation for the merger between two Samsung Group affiliates.
Le fonds d’investissement américain Elliott Associates a saisi une instance internationale au sujet de la fusion controversée de deux filiales du géant Samsung pour réclamer à la Corée du Sud près de 800 millions de dollars de dommages et intérêts.
The Romanian government has won a trial at World Bank’s International Centre for Settlement of Investment Disputes against the Swiss-based energy trader Alpiq in a case related to Hidroelectrica insolvency procedure.
El empresario peruano Dick Abanto ha presentado una demanda de arbitraje contra Venezuela ante el Centro Internacional de Arreglo de Diferencias relativas a Inversiones (Ciadi) por intervenir su empresa de telecomunicaciones en 2014, aduciendo su pertenencia a un venezolano acusado de fraude y estafa, que Abanto niega.
Many SEZs have been associated with compressions of land, labour and human rights. Investment treaties protect investments against adverse regulatory change, including in SEZs. To date, investors have brought at least 20 arbitrations to challenge diverse aspects of SEZ regimes.