A U.S. court has upheld an award by a World Bank Tribunal that orders Venezuela to pay more than $1 billion to Canadian mining company Crystallex, paving the way for the firm to seize assets for the 2008 expropriation of the Las Cristinas gold project.
L’utilisation d’une juridiction externe, parallèle aux instances judiciaires des Etats membres contre toute mesure que l’investisseur étranger considère contraire aux droits conférés par le CETA, met en cause la primauté du droit européen.
The Tribunal found that Eli Lilly had failed to demonstrate that the promise doctrine constitutes a fundamental or dramatic change in the utility requirement under Canadian patent law or that the promise doctrine is arbitrary and/or discriminatory.
Renco alleged that Peru breached its TPA obligations to afford fair and equitable treatment and national treatment, as well as certain contractual obligations.
Le montant demandé par Fenosa naturel gaz pour la liquidation de sa filiale Electricaribe est plus de deux fois supérieur à la valeur comptable de Electricaribe.
The law approving the termination of agreements on mutual promotion and protection of investments concluded by Romania with other Member States (Intra-EU BITs) was published in the Official Gazette.
The tribunal considered all claims inadmissible, ordering the claimants to bear all arbitration costs and to reimburse 75 per cent of Indonesia’s legal expenses.
The place of arbitration matters because the law at the place of arbitration determines the procedural frame for the arbitration and therefore may have important consequences.