The investment treaty system is likely to be marked by the co-existence of investor-state arbitration and an international investment court, leading to pluralism rather than a dichotomous either/or choice or a clear before-and-after moment.
This Working Group was not “business as usual” because it was much more government-led than is typical of UNCITRAL Working Groups and it started out with a vote instead of conforming to UNCITRAL’s typical approach of working by consensus.
Un tribunal arbitral vient de mettre fin au bras de fer qui oppose l’Etat algérien à l’homme d’affaires égyptien Naguib Sawiris. Il a rejeté la réclamation de 4 milliards de dollars émise par ce dernier contre Alger.
After a 14-year dispute between Quiborax and the Bolivian government, the International Centre for Settlement of Investment Disputes (ICSID) rejected Bolivia’s application to annul a US$48.6mn award in favor of the Chilean mining company.