On 19 January 2017, Russia’s Constitutional Court ruled that the State was not under an obligation to comply with the European Court of Human Rights (“ECtHR”) Judgement in the Yukos Case, which awarded approximately EUR 1.9 billion in compensation to the company (the largest in the ECtHR’s history), because of Russia’s breach of the European […]
News
From International Investment Arbitration to an Investment Court System
Will an Investment Court System be better than the current arrangements for International Investment Arbitration? The EU and Canada appear to think so. In the recently-approved and signed Comprehensive Economic and Trade Agreement between the European Union (EU) and Canada, a different approach to International Investment Arbitration is being put forward by the EU and […]
British Virgin Islands International Arbitration Centre
A new British Virgin Islands International Arbitration Centre (“BVI IAC”) was launched on 16 November 2016. This arbitration institution describes itself as an “independent not-for-profit institution” that was created to provide a “neutral, impartial, efficient and reliable dispute resolution institution in the Caribbean, Latin America and beyond.”[1] It was only on 25 May 2014 that […]
Indonesia ICSID Arbitration Found Inadmissible Due to Fraud
An Indonesia ICSID arbitration has been found to be inadmissible on the basis of fraud. By an award on 6 December 2016, the Arbitral Tribunal of the International Center for Settlement of Investment Disputes (ICSID) rejected Churchill Mining and Planet Mining Pty Ltd’s claim for compensation (USD 1.95 billion) against the Republic of Indonesia under […]
Istanbul Arbitration Centre
The Istanbul Arbitration Centre (‘ISTAC’) was established in 2015 in Istanbul, Turkey. The ever-developing Turkish economy and increasing numbers of Turkey-related disputes, both in International Commercial Arbitration and Investment Arbitration, have highlighted the importance and the role that this institution may assume in coming years. It is well within reason that the ISTAC may attract […]
Human Rights and Investment Arbitration: Parallel Proceedings
Human rights and investment arbitration are not opposed, and in fact there is a considerable degree of overlap. The European Court of Human Rights (‘ECtHR’) has been used as an alternative forum or supplement to Investment arbitration in multiple disputes. Even though the ECtHR and Investor-State Arbitral tribunals belong to prima facie different regimes, and […]
New Montenegro UNCITRAL Arbitration
A new Montegro UNCITRAL arbitration has begun. The small Balkan state has had a strong track record since joining ICSID in 2012. We have already reported on two recent ICSID cases against Montenegro, both decided in favour of the state. However, it seems like this is not the end of the road. Russian oligarch Oleg […]
Transparency in Investor-State Arbitration: The Mauritius Convention
For many years, critics have complained that there was not enough transparency in investor-State arbitration. Last week, Canada made headlines by becoming only the second State to ratify the 2015 United Nations Convention on Transparency in Treaty Based Investor-State Arbitration (the Mauritius Convention). The Convention confirms and extends the applicability of the 2014 UNCITRAL Rules […]
Διεθνής Εμπορική Διαιτησία στην Ελλάδα – Το Νομοθετικό Πλαίσιο
Ακολουθώντας τα πρότυπα των περισσότερων ανεπτυγμένων χωρών, η Ελλάδα έχει διαμορφώσει ένα ευνοϊκό καθεστώς για την αναγνώριση του δεδικασμένου και την κήρυξη της εκτελεστότητας των διεθνών εμπορικών διαιτητικών αποφάσεων. Τα παρακάτω νομοθετήματα ρυθμίζουν τις προϋποθέσεις και την διαδικασία αναγνώρισης και εκτέλεσης αλλοδαπών εμπορικών διαιτητικών αποφάσεων στην Ελλάδα: Πρώτα απ’ όλα, οι ρυθμίσεις του Κώδικα Πολιτικής […]
