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ICSID

‘Silent coup’: how capitalism defeated decolonization
25-Sep-2023 The Real News Network
The crumbling of European empires after WWII didn’t usher in a new era of democracy—instead, we now live in a regime of international corporate rule.
Mexico’s Azteca files arbitration claim against Peru in fibre backbone case
11-Sep-2023 Telecompaper
La compañía peruano-mexicana Azteca Comunicaciones ha presentado un arbitraje de inversiones contra Perú ante el Centro Internacional de Arreglo de Diferencias relativas a Inversiones (CIADI), después de anunciarlo desde 2021.
Intra-EU investor-State ICSID arbitration: the German Federal Court of Justice’s new inadmissibility ruling
8-Aug-2023 Lexology
On 27 July 2023, the German Federal Court of Justice (German FCJ) declared three intra-EU investor-State ICSID arbitrations inadmissible under German arbitration law given their incompatibility with EU law.
Honduras threatens ICSID withdrawal over $11 billion ‘neo-colonial’ special economic zone claim
20-Jul-2023 Bretton Woods Project
Honduras is threatening to withdraw from the World Bank’s International Centre for Settlement of Investment Disputes over an $11 billion claim by Honduras Prospera, a US company.
Australian firm wins $109m compensation against Tanzania
20-Jul-2023 The East African
The International Centre for Settlement of Investment Disputes has ordered Tanzania to pay more than $109 million to a group of companies fronted by Australian miner Indiana Resources Ltd in compensation for the controversial 2018 expropriation of a nickel mine project in Tanzania.
Air Tanzania plane seized in the Netherlands released, returns home
11-Jul-2023 The Citizen
Air Tanzania Company Limited (ATCL) plane that was seized in the Netherlands after a Swedish firm won a $165 million award against Tanzania has been released, says the government.
Massive payout: South Korea slapped with $108.5 million penalty for Samsung merger
26-Jun-2023 Korea Tech Today
South Korea has been ordered by the International Centre for Settlement of Investment Disputes to compensate hedge fund Elliott approximately $108.5 million concerning the 2015 merger of two Samsung subsidiaries.
Zimbabwe continues fight in US courts to block payment of US$277m land reform suit
2-Jun-2023 The Zimbabwe Mail
ZIMBABWE continues its fight in the United States (US) to block enforcement of a US$277 million arbitration award to a German and Swiss family which stems from the country’s controversial land reform programme.
Honduras advocates to defend its territorial integrity
2-Jun-2023 Prensa Latina
This is related to the complaint made the day before by government functionaries on the absence of legality in the litigation that the ICSID opened on the case of the Employment and Economic Development Zone (ZEDE) against the Government.
A US fund declares Spain in “technical default” and claims almost 1,000 million government bonds
28-Apr-2023 Time.News
The US fund Blasket Renewable Investments has activated the “default” clause that declares Spain at “technical impact” after the Government has not yet paid the pending awards for the cuts in the premiums for renewables.
Spain tells World Bank it will not pay €2-billion ICSID awards for renewable energy debts
28-Apr-2023 Capital Madrid
The World Bank has sent a de­vas­ta­ting letter to the Spanish go­vern­ment to de­mand pay­ment of the awards that con­demn our country to com­pen­sate the in­ves­tors af­fected by the re­tro­ac­tive with­drawal of the pre­miums granted to re­ne­wable ener­gies.
Albania moves to establish local arbitration court to replace ICSID
21-Apr-2023 Balkan Insight
Despite warnings that it could deter investment, Albania is pushing ahead with plans to establish a local commercial court to replace the World Bank-funded international arbitration body.
Air Tanzania aircraft may be seized over $100 million mining compensation claim
18-Apr-2023 Simple Flying
Australian-based exploration company Indiana Resources has threatened to attach one of Air Tanzania’s aircraft to force the Tanzanian government to pay nearly $100 million as compensation for a failed nickel project.
Albanian PM threatens to quit international arbitration body
14-Apr-2023 Balkan Insight
Premier Edi Rama reacted angrily to a decision by a World Bank-funded international arbitration body to grant around 110 million euros in compensation to an Italian businessman who claimed he was politically persecuted in Albania.
Air Tanzania plane seized in the Netherlands
7-Dec-2022 The Citizen
Air Tanzania Company Limited plane has been seized in the Netherlands after a Swedish firm won a $165 million award against Tanzania due to revoked land title in the Bagamoyo sugar project.
Lone Star, other investor-state disputes cost Korea W68.5b
10-Oct-2022 Korea Herald
South Korea has spent nearly 68.5 billion won ($48.1 million) in total to fight and settle investor-state dispute settlements since 2013,#including its battle with US-based private equity firm Lone Star, data showed.
Social movement reflections on FTAs in the new Chilean constitution
26-May-2022 bilaterals.org
Interview with Chilean activist Lucía Sepúlveda Ruiz.
The World Bank can’t be trusted to stand up to big fossil fuel companies
24-Nov-2021 Counter Punch
Extractive companies are the most frequent users of the investor-state dispute settlement system (ISDS), making up 29 percent of all ICSID claims in fiscal year 2021.
Angola ratifies the ICSID Convention: good news for inbound foreign investment
23-Nov-2021 ICLG
On 1 September 2021, Angola’s National Assembly ratified the International Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID).
Making sense of Sudan’s move against Petronas
20-Oct-2021 New Straits Times
Sudan’s government confiscated Petronas’s assets on the grounds that they were acquired "through illegal means" during Omar al-Bashir’s regime. Some argue that Sudan is turning on its allies "under the pretext of fighting corruption".