Developers of Keystone XL are seeking to recoup more than $15 billion in damages connected to President Joe Biden’s decision to yank a permit for the border-crossing oil pipeline even after construction began.
On 1 September 2021, Angola’s National Assembly ratified the International Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID).
An UAE-based trading and investment firm has filed a lawsuit before the Sindh High Court worth around Rs 74 billion against the State Bank of Pakistan and a private bank for BIT breach, local media reported.
The Belgian Appeal Court delivered a landmark ruling in what Kazakhstan’s legal representatives described as "one of the biggest frauds in the history of international arbitration."
The court accepted Roşia Montana’s inclusion on the UNESCO heritage list as a piece of evidence, as an argument for the "bad faith of the Romanian state" invoked by the Canadian company.
Governments which enact climate legislation risk being sued for trillions of dollars by fossil fuel companies seeking compensation for lost revenue and stranded assets.
In a significant step forward in the campaign against Investor-State Dispute Settlements (ISDS), Australia has announced its withdrawal from its signatory status to the Energy Charter Treaty.
The Dutch supreme court overturned an order for Russia to pay $50 billion to former shareholders in dismantled oil giant Yukos, but shunted the lengthy legal saga back to a lower court for more hearings.