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Venezuela’s Guaido to seek to annul $8.7 bln Conoco award
Guaido’s special prosecutor said has challenged the amount of the ICSID award, claiming “the methodology to determine the compensation was errant.”
Pakistan may not have to pay $1b Karkey penalty
The key suspect in the rental power plants case – Laeeq Ahmed Sheikh, who is in National Accountability Bureau’s (NAB) custody, has revealed some astonishing facts.
ICSID tribunal rejects EVN claims for further compensation from Bulgaria
EVN and Bulgaria reached an out-of-court settlement, under which part of the claims regarding the remuneration obligations for renewable energy were offset between a Bulgarian EVN subsidiary and the Bulgarian state-owned National Electricity Company.
Corbella: Notley’s ’beating down’ of the oil patch should cost her the election
The Czech-based company Petrolama Namur Oil Sands Exploration filed a notice of dispute against Canada on March 29 over the delay in completing the expansion of the Trans Mountain pipeline.
Hydro-Québec plans to invest in Romania
Hydro-Québec is a Canadian company producing and distributing electricity and one of the largest energy producers in the world.
Chevron vs Ecuador: international arbitration and corporate impunity
The infamous story of the environmental pollution of the Ecuadorian Amazon by Chevron-Texaco – which has come to be known as the "Ecuadorian Chernobyl" - is entering a new phase.
Egypt - British Petroceltic files arbitration case against EGPC
British Petroceltic announced filing an arbitration case against the Egyptian General Petroleum Corporation (EGPC) at the World Bank Group’s ICSID.
Berlin court orders Yukos ex-shareholders to pay Russia 188,000 euros in legal costs
A Berlin court has ordered former shareholders of Hally’s Parsons Green, linked to now defunct oil company Yukos, to compensate Russia its legal costs to the tune of 188,000 euros.
Venezuela’s Guaido to appeal $8.75 billion ConocoPhillips award
Venezuela’s opposition leader and self-proclaimed president Juan Guaido plans to appeal a $8.75 billion award issued to ConocoPhillips by the World Bank’s arbitration tribunal last week.
NextEra Energy wins dispute against Spain
The ICSID ruled against Spain in a case brought by NextEra Energy Inc regarding the US utility’s lost investments in two 49.9-MW concentrated solar power plants.
Oil & gas: Is Italy doing it wrong all over again?
The ongoing Rockhopper case may become a benchmark for future cases on the horizon, following Italy’s decision to crack down on hydrocarbon explorations and extractions.
UK nationalisation: The law and the cost
UK investors could seek to move their investments to jurisdiction such as Singapore and Hong Kong where they can take advantage of investment treaty protection, if a potential new Labour govenment were to nationalise public services.
Cairn Energy’s retro tax arbitration award delayed
Cairn Energy said it expects the long-running arbitration process against the Indian authorities over retrospective taxation to be concluded before late 2019.
Venezuela must pay Conoco over $8 billion: World Bank
Venezuela must pay ConocoPhillips more than $8 billion to compensate for the 2007 expropriation of oil assets by the country’s late socialist leader Hugo Chavez, the World Bank ruled.
Russia refutes Hague Court ruling on Naftogaz assets in Crimea - Justice Ministry
Russia refuses to recognize the decision by the Hague arbitration court on Ukraine’s Naftogaz claims over allegedly lost assets in Crimea as the court does not have any legal authority to settle such cases, the Russian Justice Ministry said.
Shell put Nigeria under pressure with ISDS process to obtain oil field OPL 245
Shell used the investment agreement between the Netherlands and Nigeria to obtain a lucrative oil field at remarkably good conditions.
Chevron Vs Ecuador: international arbitration & impunity (ISDS case)
In February of 2011 the Ecuadorian Courts delivered an historic verdict, sentencing the Big Oil Corporation Chevron to pay US$9,500 million dollars for its contamination of the Ecuadorian Amazon (1964-1992). However, Chevron hit back via the Investor-State Dispute Settlement system and sued Ecuador.
UFG denies reaching settlement agreement with Egypt
The Spanish Union Fenosa Gas (UFG) denies media reports that any settlement has been reached with Egypt in regard to the $2 billion dispute about the gas supply to the Damietta Liquefied Natural Gas plant.
China-backed coal projects raise heat in Pakistan
China-backed coal plants are raising environmental concerns locally.
Turkish RPP ship: Pakistan breathes $900mn sigh of relief
Pakistan said to have gathered fresh ‘evidence of corruption’ in the procurement of a rental power project (RPP) contract by the Turkish company.