The dispute with Crystallex follows a ruling by the International Centre for Settlement of Investment Disputes (Icsid), an international arbitration institution set up by the World Bank.
The COVID-19 pandemic has led States to adopt various public health measures that adversely affect foreign investors and exacerbate broader economic issues. In this climate, there is significant potential for disputes under the ECT.
Shareholders in the now defunct Russian oil giant Yukos have seized Netherlands-based assets of two well-known vodka brands controlled by the Russian state in their most recent legal move to obtain $57 billion in damages from Moscow.
La Russie a contesté devant la Cour suprême néerlandaise sa condamnation à verser 57 milliards de dollars d’indemnisation aux ex-actionnaires de l’ancien groupe pétrolier russe Ioukos.
On February 18, The Hague Court of Appeal reinstated an order of the Permanent Court of Arbitration, which obliged Russia to pay more than $50 bln to the companies associated with former Yukos shareholders in 2014.
México podría afrontar diferentes reclamaciones de arbitraje de inversiones si el presidente Andrés Manuel López Obrador completa su política en relación con la energía renovable