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Woodside Energy files arbitration proceedings against Senegal
Australia’s Woodside Energy (WDS.AX), opens new tab, which operates Senegal’s Sangomar oil and gas field, has filed a complaint with the World Bank’s International Centre for Settlement of Investment Disputes against the West African country over taxes, a spokesperson for the company said on Monday.
Indiana Resources takes legal action after Tanzania breaches $90M settlement deal
Indiana Resources (ASX:IDA) has taken formal steps in response to Tanzania’s breach of its July 2024 settlement deed.
Argentina still on hook for BIT arbitral award
ICSID tribunal rejects Argentina’s request to reconsider award based on the judgment in entirely separate litigation proceedings.
Emmerson seeks $2.2 billion in arbitration against Morocco over potash project
Emmerson Plc, a Moroccan-focused potash development company, has filed a Request for Arbitration (RFA) seeking $2.2 billion in compensation from the Kingdom of Morocco, claiming «expropriation» of its Khemisset Potash Project.
Honduras fights back against global oligarchy
How an unregulated techno-utopia came into existence and continues to sabotage a nation’s sovereignty.
Honduras tops ICSID disputes list in 2024
The centre’s latest caseload statistics reveals 55 new arbitrations were lodged in 2024. Honduras was involved in five of them.
Montero agrees to US$27 million settlement from Tanzania
Montero has agreed to a US$27,000,000 settlement amount to end its dispute with the United Republic of Tanzania
Emmerson enters formal investment dispute with Moroccan government
Emmerson PLC on Friday said it has entered into a formal investment dispute with the Moroccan government, with the intention to escalate to arbitration if discussions are unsuccessful.
Second instalment of US$25 million received from Tanzania
Indiana Resources Limited (ASX: IDA) is pleased to confirm that US$25million in funds have been received by the Claimants’ legal representatives from the United Republic of Tanzania as the second instalment of the US$90 million Settlement
Sarama Resources secures funding for Burkina Faso arbitration claim
Sarama Resources has secured a US$4.4 million non-recourse loan facility from Locke Capital II to fund international arbitration proceedings against the Government of Burkina Faso
Update on arbitrations against the Republic of Tunisia
The investors have determined a revised amount of US$503 million as the total claimed amount of the ICSID Arbitration
‘Mafia investments against Honduras’. New report exposes corporate demands after coup d’état
A new report, ’Mafia investments against Honduras’, examines the worrying situation in which the Central American country finds itself in the face of claims brought by transnational corporations before international arbitration tribunals.
Tanzania faces $500 Million investment dispute from Aqua Power
In its claim, Aqua Power is demanding $500 million for lost business revenue over the past four years and for the value of its current projects within Tanzania.
SAMIR case: Morocco, Corral Holdings file for rectification of ICSID ruling
The SAMIR affair, dating back to the refinery’s 2015 closure, has seen Morocco and Corral Holdings locked in a bitter dispute before the ICSID tribunal.
Tanzania agrees to pay Indiana Resources Sh. 237 Billion over ICSID disputes
Tanzania and an Australian-based company Indiana Resources Limited have settled for USD 90 million.
US company battles Nicaragua in arbitration tribunal
The US company is appealing under CAFTA (Central American Free Trade Agreement) for the invasion of its property in Jinotega and the destruction of its avocado and other orchards.
As Honduras leaves World Bank dispute forum, US tries to keep influence
Honduras’ withdrawal from the World Bank investor dispute forum could have a limited practical effect, but it is already read along ideological lines.
Between sovereignty and corporate interests: what is at stake in the Ecuadorian referendum?
On 21 April 2024, the government of Daniel Noboa is holding a referendum in Ecuador to amend the country’s constitution and, in particular, to reactivate the dangerous investor-state dispute settlement mechanism.
The lucrative world of international arbitration
International investment agreements enable corporations to sue foreign governments for loss of profits. The sums they demand can be so huge that even the threat of a claim is enough to make governments cave in.
Honduras ratchets up battle with crypto-libertarian investors, rejects World Bank court
After the Honduran president repealed a law granting unfettered authority to outside investors, the cryptoquistadors took the dispute to a World Bank arbitration court.