From March 1 to 4, 2022, ECT parties met for their 11th round of negotiations for a possible reform of the treaty but the meeting was overshadowed by rising energy prices and the Russian invasion of Ukraine.
The US District Court of Colombia has decided to grant a temporary stay over the confirmation of $111-million award won by Devas’ Mauritius shareholders against India.
The question is whether states wish to cede a significant portion of their sovereignty to ISDS tribunals, giving them the authority to decide which state measures taken in the public interest are legitimate.
This note focuses on the relevant international law considerations, including the possible remedies that investors may seek in respect of these measures under international investment law.
The ICSID arbitral tribunal on March 16 this year admitted it had no jurisdiction concerning the applicant Germen and rejected as inadmissible Alverley’s application.
In 2019, the ICSID tribunal had given an award over $6 billion against Pakistan to the TCC. At the same time, the London Court of Arbitration also imposed another $4 billion fine on Pakistan.
It now says legislators are amending Slovenia’s mining law to further restrict "all forms of hydraulic stimulation", and this could increase damages it is due under its arbitration claim.