The Government of India and the Government of Andhra Pradesh are facing an arbitration suit due to the cancellation of bauxite mining approvals in Visakhapatnam. This is the latest in a series of legal actions by foreign investors in the country.
India has introduced provisions in the just-concluded bilateral investment protection and promotion agreement (BIPPA) with the United Arab Emirates to ensure that only executive decisions can be challenged and that too within a stipulated period.
UAE companies that have invested in Egypt may stand to lose millions of dollars as the state runs an investigation into alleged corruption by former government officials who sold land and assets to investors below market prices, lawyers say.
Damac Properties is to fight the conviction of its chairman on Egyptian corruption charges by filing a case with the International Center for Settlement of Investment Disputes (ICSID), the company announced yesterday.
La demanda que la empresa de telecomunicaciones estadounidense Italba Corporation interpuso contra Uruguay por revocarle una licencia carece de méritos jurisdiccionales y de fondo, alegó el gobierno del país suramericano en una audiencia ante el organismo internacional que aborda este asunto.
La société ferroviaire américaine Omnitrax a menacé de saisir le tribunal d’arbitrage prévu par l’Accord de libre-échange nord-américain (Aléna) pour régler le désaccord qui l’oppose au gouvernement canadien sur la réparation d’une voie de chemin de fer.
Ottawa filed a lawsuit against the owners of a broken rail line in northern Manitoba hours after the company said it would file a complaint against the federal government under the North American Free Trade Agreement.