On 11 September 2019, the District Court of Columbia confirmed a 2013 ICSID award in favour of Mr. Ioan Micula and the companies in which he had invested. Romania repealed economic incentives the Micula brothers had relied upon when making investments in 1998. In 2013, an ICSID arbitral tribunal rendered an award in favour of […]
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Aceris Law Successfully Resolves another Construction Arbitration
Aceris Law is pleased to have successfully resolved another ICC arbitration for a Middle Eastern claimant. The dispute involved construction works at a University in the Middle East. The construction dispute was amicably resolved prior to a final award being rendered, with Aceris’ client obtaining the compensation it was seeking in full. “Sometimes parties […]
How to Reduce the Overall Cost of Investment Treaty Arbitration
Investment treaty arbitration has various flaws, but one flaw that is acknowledged by both foreign investors and States who use the dispute resolution system is that, in practice, it can be incredibly expensive. The costs of investment treaty arbitration can be unbearable for certain States, who have far better uses for public funds, and they […]
محكمة لندن للتحكيم الدولي
تأسست محكمة لندن للتحكيم الدولي في عام1892 فهي تعد أقدم مؤسسات التحكيم في العالم.[1] دور محكمة لندن للتحكيم الدولي محكمة لندن للتحكيم الدولي “المحكمة” تعد واحدة من المؤسسات الدولية الرائدة في العالم لحل النزاعات التجارية.[2] مثل غيرها من مؤسسات التحكيم الدولية ، توفر المحكمة خدمات شاملة لتسوية المنازعات الدولية وذلك وفقا للقواعد الخاصة بها الصادرة […]
Proving Corruption in Investment Arbitration – Lao Holdings v. The Lao People’s Democratic Republic
Defenses based on alleged corruption-related activities by investors have become popular by States in investment arbitration. Given the seriousness of such accusations, one of the most important tasks for arbitral tribunals is undoubtedly to sort out legitimate defenses based on well-established facts of corruption from unfounded insinuations. Therefore, the approach undertaken by arbitral tribunals regarding […]
Interest in International Investment Arbitration
In international investment arbitration interest may represent a significant portion of a final award and it is not uncommon for interest to exceed actual damages.[1] While not being an independent remedy, interest represents an important element of compensation.[2] The main purpose of an award of interest is “to compensate the damage resulting from the fact that, […]
Confidentiality in International Arbitration: Obligations Under English, French and U.S. Laws
Confidentiality is often regarded as one of the core advantages of international arbitration. For instance, confidentiality reduces disclosure of sensitive information and the influence of public opinion.[1] Confidentiality is to be distinguished from privacy, which concerns the fact that only parties to the arbitration agreement may attend hearings and participate in arbitral proceedings.[2] Privacy prevents interference from […]
Arbitraje de la Cámara de Comercio Internacional
Hoy en día, la forma normal de resolver los litigios comerciales internacionales es mediante el arbitraje internacional. Es en este contexto que nació la Corte internacional de arbitraje de la Cámara de comercio internacional en el año 1923. Es reconocida como la principal institución de arbitraje. El reglamento que propone es de los más utilizados […]
La expropiación en el arbitraje de inversión
El marco jurídico internacional que rige la inversión extranjera consiste en una vasta red de acuerdos internacionales de inversión (AII) complementados por las normas generales del derecho internacional, y aunque otros tratados internacionales interactúan con esta red de manera poco importante, los AII son los principales instrumentos de derecho internacional público que rigen la promoción […]
