Middle East

States from the Middle East have concluded about 600 investment deals. 44 ISDS cases have been brought against Middle Eastern countries, while investors from the region have initiated 44 cases as well.

In 2013, Al-Kharafi & Sons Co., investors from Kuwait, were awarded US$935 million under the Unified Agreement for the Investment of Arab Capital in the Arab States, in a dispute over a land-leasing contract for a tourism project in Libya, making it one of the largest known awards to date. They had only invested about US$5 million but the arbitration tribunal decided that Libya also had to compensate for profits that would have been made during the 90-year leasing contract and were now lost.

Photo: President of Azerbaijan / CC BY 4.0

(April 2020)

The Korea Times | 22-Jun-2023
10 ISDS (investor-state dispute settlement) cases were filed against the Korean government and five of them are currently pending.
Zone Bourse | 22-May-2023
Le Qatar Investment Authority a demandé des conseils juridiques pour savoir s’il avait des droits à faire valoir contre les autorités suisses, après la vente forcée du Credit Suisse Group AG à UBS Group AG pour une fraction de sa valeur de marché.
Reuters | 22-May-2023
Qatar’s sovereign wealth fund, Credit Suisse’s second-largest investor, has explored seeking redress for losses incurred by the bank’s takeover.
Armenpress | 27-Jan-2023
This arbitration case related to the construction of the railway and highway construction projects was initiated in accordance with the investment treaty between the United States of America and the Republic of Armenia.
Turkish Minute | 12-Dec-2022
Turkish businessman Hamdi Akın İpek has lost a legal claim of $7 billion in damages he filed against the Turkish government at the World Bank’s International Centre for Settlement of Investment Disputes .
IISD | 6-Jul-2022
Un tribunal a accordé à Bank Melli Iran et Bank Saderat Iran la somme de 243 millions EUR dans leur recours investisseur-État contre le Royaume du Bahreïn.
IISD | 6-Jul-2022
A tribunal awarded a sum of EUR 243 million plus interest to Bank Melli Iran and Bank Saderat Iran in their investor–state dispute against the Kingdom of Bahrain.
The Express Tribune | 23-Jun-2022
Two Turkish waste management companies have filed a complaint in the International Centre for Settlement of Investment Disputes (ICSID) seeking a $230 million award against Pakistan
CNN Philippines | 9-Jun-2022
The Philippines and Israel inked the investment promotion and protection agreement that includes investor-state dispute settlement.
The Herald | 7-Mar-2022
The agreement between Zimbabwe and the United Arab Emirates on promotion and protection of investments has come into force.