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

Tribunal’s decision in anticipated Yukos case released to public

By Elizabeth Whitsitt February 14, 2010 Three highly anticipated decisions permitting three claimants – all former shareholders of Yukos Oil Corporation OJSC (Yukos) – to proceed to the merits phase of their multi-billion dollar expropriation...

Published Wed, Feb 10 2010 1:16 PM by Elizabeth

ICSID finds that corruption has no place in annulment proceedings

By Elizabeth Whitsitt February 14, 2010 American businessman, Jack J. Grynberg, has suffered another setback in his company’s ongoing dispute with Grenada. Commenced in 2005, the ICSID claim was one of a myriad of legal avenues pursued by Mr. Grynberg...

Published Wed, Feb 10 2010 1:13 PM by Elizabeth

Consortium building new Quito Airport takes Ecuador to ICSID

By Fernando Cabrera Diaz February 14, 2010 Corporacion Quiport S.A., the company building the new Quito international airport, has initiated arbitration proceedings at ICSID against the Republic of Ecuador in connection with its concession to maintain...

Published Wed, Feb 10 2010 1:02 PM by Elizabeth

Claimant seeks enforcement of environmental laws in notice of dispute alleging expropriation of Barbadian nature sanctuary

By Elizabeth Whitsitt February 14, 2010 A notice of dispute forwarded to Barbados some five months ago by Mr. Peter Allard, Canadian owner of the Graeme Hall Nature Sanctuary, contends that the Government of Barbados has violated its international obligations...

Published Wed, Feb 10 2010 12:50 PM by Elizabeth

Perenco-nominated arbitrator disqualified for interview comments in ICSID dispute with Ecuador

By Fernando Cabrera Diaz February 14, 2010 Permanent Court of Arbitration (PCA) Secretary-General Cristiaan M.J. Kroner has accepted the challenge by Ecuador to remove the Honourable Charles N. Brower as arbitrator in its dispute with oil company Perenco...

Published Wed, Feb 10 2010 12:40 PM by Elizabeth

ICSID tribunal affirms power to exclude counsel, but declines to do so

By Elizabeth Whitsitt February 14, 2010 An ICSID tribunal, composed Sir Franklin Berman, Mr. Donald Donovan and Mr. Marc Lalonde, has determined that Mr. Barton Legum, a partner with Salans & Associés, can continue to represent Dutch firm Rompetrol...

Published Wed, Feb 10 2010 12:38 PM by Elizabeth

TWC Group settles with the Dominican Republic

By Elizabeth Whitsitt February 14, 2010 TWC Group, Inc. and its affiliate Dominican Energy Holdings L.P have reached a settlement with the Dominican Republic, ending a dispute that began in 2007. TWC had been seeking some US$ 680 million for alleged violations...

Published Wed, Feb 10 2010 12:26 PM by Elizabeth

In Brief: New arbitrator nominated in NAFTA dispute over thwarted Canadian garbage site

By Eliabeth Whitsitt February 14, 2010 Canada has nominated Mr. Laurent Lévy to act as arbitrator in its Chapter 11 NAFTA dispute against US investor Vito G. Gallo. Canada’s original nominee, Mr. J. Christopher Thomas Q.C., resigned from...

Published Wed, Feb 10 2010 12:13 PM by Elizabeth

February 2010 - News and Commentary

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