In this dispute, the Claimant was part of a consortium owning majority shares in MetroGas, for the distribution of natural gas in Buenos Aires. Before the 2001 financial crisis, Argentinean law provided that gas tariffs were calculated in US dollars for profitable returns. However, the crisis led to emergency measures, one of which implemented a […]
Bilateral Investment Treaty
International Arbitration and Greek Sovereign Debt: Poštová Banka v. Hellenic Republic
International arbitration and Greek sovereign debt make uncomfortable bedfellows according to one Arbitral Tribunal in the case Poštová banka, a.s. and ISTROKAPITAL SE v. Hellenic Republic.[1] In 2015, an Arbitral Tribunal was tasked to decide on the legality of the Private Sector Involvement Agreement, which was challenged by foreign Greek Government Bond owners, in an […]
Indian Investment Arbitration Regime Changes
Since the beginning of 2012, India has enacted significant changes with respect to the Indian investment arbitration regime. A new model Bilateral Investment Treaty (“BIT”) was approved in 2015 and will be used to renegotiate all future BIT’s signed by India. In 2016, India also terminated its existing BIT’s with 57 countries, showing India’s intent to withdraw from the Investor-State […]
Moldova Investment Arbitrations
In recent years, Moldova has seen a rise in the number of investment arbitrations filed against it. As its judicial system struggles to eliminate corruption and inefficiency, international arbitration is seen as an important tool and a guarantee for international investors. The protection of foreign investments is an important issue in the Moldovan political agenda, since one of its goals is to attract more […]
