Work Area: Investor-state dispute settlement

Guatemalan renewables investors bring claim against Honduras

A pair of Guatemalan renewable energy investors are pursuing a Central America-Dominican Republic Free Trade Agreement (DR-CAFTA) claim against Honduras, as a group of US claimants drop their bid to revive a case against Nicaragua under the same free trade agreement.

26 September 2023

Canadian miner brings second NAFTA claim against Mexico

A Canadian silver mining company has launched a second International Centre for Settlement of Investment Disputes (ICSID) case against Mexico over a tax dispute, the latest in a flurry of claims brought against the state under the recently expired legacy provisions of the North American Free Trade Agreement (NAFTA).

26 July 2023

Venezuela defeats bulk of resubmitted Exxon claim

US oil and gas company ExxonMobil has won US$76 million in a resubmitted International Centre for Settlement of Investment Disputes (ICSID) claim worth US$1.4 billion against Venezuela over the expropriation of two oil projects.

14 July 2023

Mexico faces NAFTA claim over labour ruling

A Canadian energy company has brought a NAFTA legacy claim against Mexico after an employment tribunal ordered it to pay US$120 million to a former employee.

30 June 2023

Arbitration panel in place for US investor's claim against Ecuador

A panel is in place at the Permanent Court of Arbitration (PCA) to hear a claim brought against Ecuador by a US company linked to casino investors.

21 June 2023

US court enforces tortilla award against Venezuela

A US court has confirmed a tortilla maker’s US$430 million International Centre for Settlement of Investment Disputes (ICSID) award against Venezuela, rejecting arguments that the interim government of former opposition leader Juan Guaidó was denied due process when it was barred from appearing in annulment proceedings.

25 May 2023

Another ICC award in Panama Canal dispute

The Panama Canal Authority says it has defeated the bulk of a US$671 million claim by a construction consortium – concluding the fourth of five International Court of Arbitration (ICC) arbitrations over the canal’s multibillion-dollar expansion.

22 May 2023

US investor hits Mexico with land seizure claim

A Michigan manufacturer has made good on its threat to lodge a US$3 billion claim against Mexico, alleging that authorities expropriated its land based on a presidential resolution issued nearly 90 years ago.

18 May 2023

US sanctions agency gives nod to Venezuelan asset sale

The US government agency that administers economic sanctions has indicated it does not oppose the court-supervised auction of an interest in a US refinery business owned by Venezuela’s national oil and gas company PDVSA to pay the state’s creditors.

10 May 2023

Argentina liable in Burford-backed suit over YPF

A US court has found Argentina liable in a Burford Capital-funded litigation arising from the nationalisation of oil and gas operator YPF more than a decade ago – with a multibillion-dollar damages claim still to be determined.

12 April 2023

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