Tag: investment arbitration

Belarus may face an ICSID claim for the first time

Belarus may face an ICSID claim for the first time

Over the entire period of its independence Belarus has never been a respondent in an investor-state dispute. This remains so despite the fact that the country adheres to an active policy of investment promotion. According to public data in the first quarter of 2017 the leading investment partners of Belarus originate from the Russian Federation, Ukraine, Cyprus […]

By 12 June, 2017 0 Comments Read More →
Baltic Arbitration Days-2017: issues discussed

Baltic Arbitration Days-2017: issues discussed

Riga hosted the 6th DIS Baltic Arbitration Days which discussed arbitration of disputes involving states or state-owned entities, corporate disputes and reflected on the lessons taught by annulment or  unenforceability of major arbitral awards in recent past. The conference was organised by BNT attorneys-at-law – one of leading international law firms in Central and Eastern […]

By 9 June, 2017 0 Comments Read More →
Интервью с генеральным секретарём МЦУИС Мег Киннер: МЦУИС и регион СНГ

Интервью с генеральным секретарём МЦУИС Мег Киннер: МЦУИС и регион СНГ

Арбитражный форум СНГ продолжает серию интервью с представителями крупных международных арбитражных организаций, занимающихся спорами, связанными с Россией и регионом СНГ. В этом месяце профессор Ярослав Кривой взял интервью у Мег Киннер, которая с 2008 года является генеральным секретарем Международного центра по урегулированию инвестиционных споров (МЦУИС) во Всемирном банке. Госпожа Киннер поделилась своими мыслями о том, […]

Conference overview: International Arbitration in the Spotlight: from Tokyo to New York

Conference overview: International Arbitration in the Spotlight: from Tokyo to New York

On 20 March 2017 Moscow hosted International Arbitration in the Spotlight: from Tokyo to New York, a conference organized by the LF Academy and Arbitration Centre at the Autonomous Non-profit Organisation ”Institute of Modern Arbitration” (Russia). CIS Arbitration Forum was its media partner. The first part of the event was devoted to the most recent […]

By 30 March, 2017 0 Comments Read More →
Обзор конференции «Международный арбитраж в центре внимания: от Токио до Нью-Йорка»

Обзор конференции «Международный арбитраж в центре внимания: от Токио до Нью-Йорка»

20 марта 2017 г. в Москве прошла конференция «Международный арбитраж в центре внимания: от Токио до Нью-Йорка», организованная LF Академией и Арбитражным центром при АНО «Институт современного арбитража».  CIS Arbitration Forum выступил одним из ее информационных партнеров. Конференция была очень познавательной как для новичков, так и для тех, кто имеет большой опыт в сфере арбитража. […]

By 22 March, 2017 0 Comments Read More →
Round-Up of Investment Arbitrations Against CIS States: Recent Developments

Round-Up of Investment Arbitrations Against CIS States: Recent Developments

In the December 2016 – March 2017 period, some major procedural developments occurred in several pending and concluded investment arbitrations against CIS states. In some of these pending disputes, arbitral tribunals have asserted jurisdiction over the investors’ claims, addressing noteworthy issues such as: provisional application of the Energy Charter Treaty, application of BITs to investments in Crimea and corruption […]

Conference “International Arbitration in the Spotlight: from Tokyo to New York” to take place in Moscow

Conference “International Arbitration in the Spotlight: from Tokyo to New York” to take place in Moscow

The conference entitled International Arbitration in the Spotlight: From Tokyo to New York will take place on March 20 in Moscow under the auspice of the St. Petersburg International Legal Forum. CIS Arbitration Forum is one of the information partners of the event. См. текст анонса на русском языке ниже. Keynote topics of the conference: Latest […]

By 7 March, 2017 0 Comments Read More →
Money Laundering Allegations by Kyrgyzstan against Latvian Investor Resurface in Paris Cour d’Appel

Money Laundering Allegations by Kyrgyzstan against Latvian Investor Resurface in Paris Cour d’Appel

In a recent judgment (21 February 2017), the Paris Cour d’Appel annulled the USD 15 million arbitral award in Valery Belokon v The Kyrgyz Republic rendered by the UNCITRAL tribunal against Kyrgyzstan under the 2008 Latvia-Kyrgyzstan BIT. The arbitral tribunal had previously rejected the allegations by Kyrgyzstan that the Claimant had, through its investment, Manas Bank, […]

By 28 February, 2017 0 Comments Read More →
Ukraine: 2016 international arbitration year in review

Ukraine: 2016 international arbitration year in review

2016 turned out to be extremely eventful yet quite exhausting for the international arbitration community in Ukraine. The rapidly changing arbitration environment and recent developments in the international arbitration arena leave no other option than to adapt oneself and break through. But would the inner powers of international arbitration in Ukraine suffice? In changes we […]

By 29 December, 2016 0 Comments Read More →
ICC Russia провела конференцию «Россия как место разрешения споров»

ICC Russia провела конференцию «Россия как место разрешения споров»

7 декабря 2016 года в Москве состоялась ежегодная Международная арбитражная конференция «Россия как место разрешения споров». Мероприятие посетили более ста человек, среди участников были представители Министерства юстиции РФ, РСПП, Третейского суда «Газпрома», МКАС при ТПП РФ, посольства Бразилии в РФ, Всероссийской академии внешней торговли, крупных юридических фирм и бизнеса. Позитивные изменения и нерешенные проблемы Конференцию […]

By 15 December, 2016 0 Comments Read More →
Russian Investors Turning More Frequently to Investment Arbitration

Russian Investors Turning More Frequently to Investment Arbitration

In 2016 the Russian Federation has most commonly appeared on the host state’s end of investor-state disputes, facing numerous arbitration claims brought in relation to the events in Crimea. However, quite recently Russia has also become more involved as a home state, with Russian investors becoming more active in investor-state disputes. This post highlights the […]

By 22 November, 2016 0 Comments Read More →
Recent Investment Arbitration Disputes involving CIS States

Recent Investment Arbitration Disputes involving CIS States

The period of July–October 2016 has seen several developments in the field of Investor-State Dispute Settlement in the CIS region. The arbitral tribunals in these cases will further address issues such as: the succession of the former Soviet republics to USSR investment treaty obligations, the mandatory nature of local courts’ litigation provision in the Turkmenistan–Turkey […]

By 17 October, 2016 0 Comments Read More →
State Enterprise “Energorynok v. Republic of Moldova

State Enterprise “Energorynok v. Republic of Moldova

Energorynok,  a state-owned energy company, brought an arbitration claim against the Republic of Moldova seeking to recover a debt of USD 1.7 million from an economic agent affiliated to Moldova’s Energy Ministry. The Tribunal found confusing and inconsistent the Claimant’s arguments on quantum and rejected the claim as groundless. The award was rendered on 29 January 2015 and is available […]

Iurii Bogdanov, Agurdino-Invest Ltd. and Agurdino-Chimia JSC v. Republic of Moldova

Iurii Bogdanov, Agurdino-Invest Ltd. and Agurdino-Chimia JSC v. Republic of Moldova

An investor filed the SCC arbitration claim alleging indirect expropriation after the Moldova’s Customs Department supposedly restricted the operations of claimant’s paint-manufacturing company in a so-called free economic zone. The tribunal rendered the decision on 31 January 2006 in favour of the State. The award is available here. Bogdanov and Agurdio Invest v.Moldova (SCC 2005)

Counterclaims in Oxus Gold v Uzbekistan: Is Investor-State Arbitration Still a One-Way Road?

Counterclaims in Oxus Gold v Uzbekistan: Is Investor-State Arbitration Still a One-Way Road?

The arbitral tribunal in Oxus Gold Plc v The Republic of Uzbekistan in the final award that became publicly available in April 2016 rejected all counterclaims raised by the host state against the British investor. The award, rendered by Prof Pierre Tercier, Prof Brigitte Stern and Hon Marc Lalonde (issuing partial dissent on another legal issue) […]

Interim Relief Against the Host State: Analysis of Emergency Awards against Moldova

Interim Relief Against the Host State: Analysis of Emergency Awards against Moldova

Applications for interim relief have become a frequently used procedural tool among foreign investors arbitrating against CIS states. Emergency arbitration proceedings under the Stockholm Chamber of Commerce (SCC) Arbitration Rules are particularly in demand: at least four applications for interim reliefs against CIS states have been filed since 2014 (TSIKInvest v Republic of Moldova; JKX Oil & […]

Kompozit LLC v Republic of Moldova (SCC Emergency Arbitration)

Kompozit LLC v Republic of Moldova (SCC Emergency Arbitration)

In June 2016 Kompozit LLC, a Russian shareholder of JSC Moldova Agroindbank (MAIB)  applied for interim relief from SCC Emergency Arbitrator Mr. José Rosell. The dispute arose out of the actions by the National Bank of Moldova impairing the Claimant’s shareholding in MAIB: finding that Claimant failed to receive its approval of obtaining substantive shareholding, subsequent suspension of its shareholding […]

Evrobalt LLC v. Republic of Moldova (SCC Emergency Arbitration)

Evrobalt LLC v. Republic of Moldova (SCC Emergency Arbitration)

In May 2016 Evrobalt LLC, a Russian shareholder of JSC Moldova Agroindbank (MAIB) applied for interim relief from SCC Emergency Arbitrator Mr. Georgios Petrochilos. The dispute arose out of the actions by the National Bank of Moldova impairing the Claimant’s shareholding in MAIB: finding that Claimant failed to receive its approval of obtaining substantive shareholding, subsequent suspension of its […]

Открыт свободный доступ к материалам «Вестника международного коммерческого арбитража»

Открыт свободный доступ к материалам «Вестника международного коммерческого арбитража»

«Вестник международного коммерческого арбитража» – единственный российский журнал, специально посвященный проблемам международного коммерческого и инвестиционного арбитража. Журнал выпускается с 2010 г. и является прямым преемником журнала «Международный коммерческий арбитраж», издававшегося в период с 2004 по 2008 гг. и завоевавшего заслуженный авторитет среди специалистов как в России, так и за рубежом. Чтобы привлечь внимание к вопросам международного […]

By 28 March, 2016 0 Comments Read More →
Ioannis Kardassopoulos and Ron Fuchs v. Republic of Georgia

Ioannis Kardassopoulos and Ron Fuchs v. Republic of Georgia

Two oil traders have been awarded more than US$45 million each in damages from the Republic of Georgia in an ICSID award that advances a broad interpretation of the fair and equitable treatment (FET) standard. Ioannis Kardassopoulos v Republic of Georgia, ICSID Arbitration, (No. ARB:05:18, No ARB:07:15) Award dated 3 March 2010

Oko Pankki v. Republic of Estonia

Oko Pankki v. Republic of Estonia

In OKO Pankki, three banks brought claims arising out of Estonia’a default on loan agreements which had been made to a joint venture Estonian company. In bringing their claims, the claimants asserted violations of the standard of fair and equitable treatment under the Estonia-Germnay BIT and the Estonia-Finland BIT. The tribunal rendered the award in favor […]

Anatolie Stati and Others v. Republic of Kazakhstan

Anatolie Stati and Others v. Republic of Kazakhstan

In Anatolie Stati and others, a Stockholm Chamber of Commerce (SCC) Tribunal found that, through a “string of measures of coordinated harassment” of Claimants’ investments related to the Borankol and Tolkyn Fields and Munaibay Oil, to the Contract 302 Properties, and to the LPG Plant,” Kazakhstan violated the Fair and Equitable Treatment provision of the Energy Charter Treaty (ECT). As a […]

Western NIS Enterprise Fund v. Ukraine

Western NIS Enterprise Fund v. Ukraine

Parties agreed to settle the case and proceeding was discontinued at their request. Order taking note of the discontinuance was issued by the Tribunal on June 1, 2006 pursuant to Arbitration Rule 43(1). Western NIS Enterprise Fund v Ukraine, ICSID Arbitration (No. ARB:04:2), Order dated 16 March 2006

Metal-Tech Ltd. v. Republic of Uzbekistan

Metal-Tech Ltd. v. Republic of Uzbekistan

In 2000, Metal-Tech, an Israeli public company manufacturing molybdenum products, formed a joint venture with two state-owned companies in Uzbekistan to build and operate a plant for the production of molybdenum products. Metal-Tech was to contribute its technology, know-how, and access to international markets, as well as part of the financing needed for a new […]

Caratube International Oil Company LLP v. Republic of Kazakhstan

Caratube International Oil Company LLP v. Republic of Kazakhstan

In Caratube v. Kazakhstan, the ad hoc ICSID annulment committee (the “Committee”) dismissed Caratube International Oil Company LLP’s (“CIOC”) application for annulment, finding that the ICSID tribunal (the “Tribunal”) did not (i) manifestly exceed its powers; (ii) seriously depart from a fundamental rule of procedure; or (iii) fail to state the reasons on which it based its decision, […]

Muhammet Çap & Sehil Inşaat Endustri ve Ticaret Ltd. Sti v. Turkmenistan

Muhammet Çap & Sehil Inşaat Endustri ve Ticaret Ltd. Sti v. Turkmenistan

In Muhammet Çap & Sehil Inşaat Endustri ve Ticaret Ltd. Sti v. Turkmenistan ICSID tribunal issued an order to compel parties to disclose third-party funding arrangements. Muhammet Çap & Sehil Inşaat Endustri ve Ticaret Ltd. Sti. v. Republic of Turkmenistan, ICSID Arbitration (No. ARB:12:6), Order dated 12 June 2015

By 29 October, 2015 0 Comments Read More →
Consent to Treaty Arbitration Should be Specific, not General

Consent to Treaty Arbitration Should be Specific, not General

Recently investors vigorously but unsuccessfully tried to revive an arbitral award against the Kyrgyz Republic in the Russian courts. On 20 July 2015 the Arbitrazh Court of the Moscow Circuit rejected the cassation claim of companies Stans Energy Corp. and Kutisay Mining and upheld the ruling of the Arbitrazh Court of the first instance. The court upheld […]

Kiev Arbitration Days 2015 to Take Place in November

Kiev Arbitration Days 2015 to Take Place in November

Ukrainian Bar Association invites to participate in international conference KIEV ARBITRATION DAYS 2015: Think Big! (KAD 2015). The event is scheduled for 5-6 November 2015 in Radisson Blu Hotel, Kiev, Ukraine. The KAD 2015 will bring together world-class dispute resolution practitioners and prominent arbitration experts to discuss problems and perspectives of international arbitration. The programme coordinator […]

By 19 August, 2015 0 Comments Read More →
Stans Energy and Kutisay Mining v. Republic of Kyrgyzstan

Stans Energy and Kutisay Mining v. Republic of Kyrgyzstan

Kutisay & Stans Energy v Kyrgyz Republic, Moscow Arbitration, Award Annulment, Decision dated 27 July 2015  

Arbitrations against Ukraine and its State Bodies in Post-Revolution Period

Arbitrations against Ukraine and its State Bodies in Post-Revolution Period

2014 was one of the most difficult years in the contemporary history of Ukraine in both political and economic terms. The country lived through the Revolution of Dignity in February, the annexation of Crimea in March, the ongoing military conflict in eastern Ukraine and deep financial and economic crisis. In order to counter these difficulties and to […]

French Judgment Unenforceable Because of Lack of Legal Certainty

French Judgment Unenforceable Because of Lack of Legal Certainty

In January 2015 the Russian Supreme Court refused to enforce the Resolution of Paris Appellate Court No. RG 09/19535 dated 18 November 2010 on the collection of EUR 150,000 from the Government of Kaliningrad Region for the Republic of Lithuania. The case highlights the importance of a foreign judge giving reasons in a clear way in order for the decision to be […]

Yukos Universal Limited (Isle of Man) v. Russian Federation

Yukos Universal Limited (Isle of Man) v. Russian Federation

Yukos Universal Limited (Isle of Man) v. The Russian Federation, UNCITRAL, PCA Case No. AA 227 – Final Award – 18 July 2014 – Part 1 Yukos Universal Limited (Isle of Man) v. The Russian Federation, UNCITRAL, PCA Case No. AA 227 – Final Award – 18 July 2014 – Part 2 Pleading notes for […]

Veteran Petroleum Limited (Cyprus) v. Russian Federation

Veteran Petroleum Limited (Cyprus) v. Russian Federation

Veteran Petroleum Limited (Cyprus) v. The Russian Federation, UNCITRAL, PCA Case No. AA 228 – Final Award – 18 July 2014 – Part 1 Veteran Petroleum Limited (Cyprus) v. The Russian Federation, UNCITRAL, PCA Case No. AA 228 – Final Award – 18 July 2014 – Part 2 Pleading notes for Russia in Dutch court […]

Yuri Bogdanov and Yulia Bogdanova v. Republic of Moldova

Yuri Bogdanov and Yulia Bogdanova v. Republic of Moldova

Yuri Bogdanov and Yulia Bogdanova v. Republic of Moldova, SCC Case No. V091/2012 – Final Award – 16 April 2013 (became available in 2014 only) – Part 1 Yuri Bogdanov and Yulia Bogdanova v. Republic of Moldova, SCC Case No. V091/2012 – Final Award – 16 April 2013 (became available in 2014 only) – Part […]

İçkale İnşaat Limited Şirketi v. Turkmenistan

İçkale İnşaat Limited Şirketi v. Turkmenistan

İçkale İnşaat Limited Şirketi v. Turkmenistan, ICSID Case No. ARB/10/24 – Decision on Claimant’s Proposal to Disqualify Professor Philippe Sands- 11 July