January 2010 - News and Commentary - Investment Treaty News (ITN)

UNCITRAL Tribunal determines that wheat supply contracts are not “investments” under Swiss-Uzbekistan BIT

By Elizabeth Whitsitt January 13, 2010 Swiss-based firm Romak S.A. has lost a protracted dispute against the Republic of Uzbekistan regarding alleged non-payment for wheat shipments to the country during the mid-1990s. On November 26, 2009 an arbitral...

Published Tue, Jan 12 2010 3:29 PM by Elizabeth

Ad Hoc Committee refuses to lift stay of enforcement or require security regarding ICSID award against Argentina

By Elizabeth Whitsitt January 13, 2010 An ad hoc committee composed of Dr. Gavan Griffith Q.C., Judge Patrick L. Robinson, and Judge Per Tresselt has decided to continue to stay the enforcement of an award rendered against the Argentine Republic in favour...

Published Tue, Jan 12 2010 3:25 PM by Elizabeth

ICSID Tribunal sides with Chile, rejects claimant’s partial revision request in long running dispute over El Clarin newspaper

By Fernando Cabrera Diaz January 13, 2010 An ICSID tribunal has rejected a partial revision request by Pey Casado and the Presidente Allende Foundation of an award rendered in their long-running dispute with Chile over the takeover and closure of the...

Published Tue, Jan 12 2010 2:32 PM by Elizabeth

Cemex v. Venezuela: challenges to ICSID arbitrators must be made “promptly”

By Elizabeth Whitsitt January 13, 2010 On November 6, 2009 two members of an ICSID arbitral tribunal - Judge Gilbert Guillaume (President) and Professor Georges Abi-Saab - dismissed Venezuela’s challenge to the tribunal’s third member, Mr...

Published Tue, Jan 12 2010 2:28 PM by Elizabeth

UNCITRAL Claimant Given 30 days to Appoint New Arbitrator in UK-Argentina BIT Dispute

By Elizabeth Whitsitt January 13, 2010 Later this month UK-based firm, ICS Inspection and Control Services Limited (ICS), is expected to appoint another arbitrator in its dispute against the Argentine Republic which began earlier this summer. On July...

Published Tue, Jan 12 2010 2:25 PM by Elizabeth

An ICSID Tribunal splits over whether to hear ancillary claims in dispute over unpaid gas deliveries

By Elizabeth Whitsitt January 13, 2010 In a split decision, an ICSID tribunal has refused to hear ancillary claims advanced by American company, Itera International Energy LLC (Itera), and its Dutch parent, Itera Group NV (IGNV). Itera and IGNV commenced...

Published Tue, Jan 12 2010 2:19 PM by Elizabeth

Spanish firms launch ICSID dispute against Mexico over stalled toxic waste disposal project

By Fernando Cabrera Diaz January 13, 2010 Spanish firms Abengoa, S.A. and COFIDES, S.A. have launched a claim with ICSID against Mexico over the stalled opening of a toxic waste disposal plant built by them in the municipality of Zimapán, approximately...

Published Tue, Jan 12 2010 2:08 PM by Elizabeth

In Brief: The merits of former Yukos Shareholders’ expropriation claim will be heard

By Elizabeth Whitsitt January 13, 2010 In a decision not yet released to the public, it has been reported that former Yukos shareholders may proceed to the merits phase of their multi-billion dollar expropriation claim against the Russian government....

Published Tue, Jan 12 2010 1:55 PM by Elizabeth

January 2010 - News and Commentary

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