Rio Tinto has officially notified the Serbian government about initiating arbitration proceedings concerning the halted Jadar project, under the bilateral investment treaty between the UK and Serbia.
Three energy companies took a step closer to enforcing their respective Energy Charter Treaty-related arbitral awards in a US appellate court, but the saga is far from over.
Laolu Akande, former presidential aide, has shed light on the complexities and consequences of Nigeria’s bilateral investment treaty with China, which has led to significant legal challenges for the country.
Fossil fuel companies have claimed billions of dollars from countries through an arcane legal provision that could deter governments from imposing more stringent climate laws.
Three Nigerian presidential aircraft have been seized in France and Switzerland due to a long-standing legal dispute between Zhongshan, a Chinese company, and Ogun State Government over managing an export processing zone.
"Outdated trade rules like ISDS can pose a real threat to states’ sustainable energy initiatives and the good-paying jobs they create," said one lawmaker from Maine