Unión Fenosa Gas a annoncé l’abandon de la procédure de confirmation de sentence, engagée contre l’Egypte en 2014 pour défaut de livraison de gaz naturel.
Unión Fenosa Gas y Egipto han llegado a un acuerdo y ponen fin al arbitraje que le concedió a la española un laudo de dos billones de dólares tras el conflicto por la planta egipcia de Damietta.
The Egyptian Ministry of Petroleum and Mineral Resources announced the entry into force of the agreement related to the Damietta Liquefaction Plant, and the settlement of all claims.
India has time till mid-April to file an appeal against an international arbitration tribunal ordering it to repay UK’s Cairn Energy Plc USD 1.2 billion-plus interest and cost, but the challenge can only be on limited grounds such as procedure not being followed.
A plurilateral “interpretative statements,” whereby governments endorse joint statements clarifying and defining their positions on contentious clauses in their existing investment treaties would be a practical, flexible and low-cost option.
Nigeria has unleashed one of the most spectacular legal attacks on one of its key oil and gas investors, to an extent previously unseen in the country’s more than 60 years of hydrocarbon production.
Only 21% of cases administered by ICSID involve African investors, however, this may change with the introduction of AfCFTA, and we may begin to see more disputes involving African investors and African states.
The continued existence of ISDS in numerous treaties is a testament to the enormous influence and power wielded by transnational capital over governments the world over.
An international court has dismissed a lawsuit for 4.8 trillion pesos ($1.3 billion) filed by Spanish company Naturgy against Colombia over the seizure of its subsidiary Electricaribe.