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)

Armenian Weekly | 18-Apr-2019
The company’s Canadian and British subsidiaries have already announced their intention to initiate arbitration proceedings against Armenia in accordance with bilateral agreements if the matter is not resolved.
Proactiveinvestors | 12-Mar-2019
The company said illegal blockades have prevented access to the Amulsar gold project since late June 2018.
Business Korea | 20-Feb-2019
Iran’s Dayyani group started a procedure to seize the South Korean government’s assets in the Netherlands after winning its investor-state dispute against it. This is the first time that such a procedure has been initiated against the South Korean government.
Express Tribune | 8-Feb-2019
Pakistan said to have gathered fresh ‘evidence of corruption’ in the procurement of a rental power project (RPP) contract by the Turkish company.
Business Recorder | 17-Jan-2019
The federal cabinet is expected to approve supplementary grant of $ 1.37 million on to contest cases filed by M/s Karkey in courts of different countries as Pakistan’s assets abroad are facing "attachment" threat.
Business Wire | 3-Jan-2019
At issue is Turkey’s taking of Westwater’s Temrezli and Şefaatli uranium projects in June 2018.
Argentina Mejor Sin TLC | 28-Dec-2018
El Tratado mantiene amplios derechos para los inversores, incluidos algunos de los que usan con más frecuencia para demandar a los Estados: Trato Justo y Equitativo, la Expropiación Indirecta, el Trato Nacional y el Trato de Nación Más Favorecida.
AP | 14-Dec-2018
Westwater Resources, an energy materials development company, announced the filing of a request for arbitration against the Republic of Turkey for the taking of its Temrezli and Şefaatli uranium projects in June 2018.
The Express Tribune | 11-Dec-2018
Pakistan’s assets abroad are at risk of being taken over as a security to implement the international arbitration court’s ruling.
Globe Newswire | 17-Jul-2018
Russian businesswoman Marsha Lazareva has filed a notice of international arbitration with the State of Kuwait for breaching a bilateral investment treaty.