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International Arbitration Newsletter - July 2019

The Multilateral Investment Court Project: The ‘Judicialization’ of Arbitration?

Lino Torgal & Cláudia Saavedra

The United Nations Commission on International Trade Law is working on the creation of a multilateral investment court (MIC), a body that would replace the old EU bilateral Investor-State Dispute Settlement system.

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Regional Overview

THE AMERICAS

  • Brazil. Petrobras settles award payment but reserves right to appeal
  • Mexico. Mexico utility brings gas pipeline claim against US Sempra Energy
  • Mexico. Mexican taxi dispute leads to ICC and NAFTA claims
  • Peru. Peru faces ICSID claim in electricity generation dispute
  • Venezuela. Venezuela defeats enforcement of treaty claim by US shipbuilder

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EUROPE

  • Albania. ICSID tribunal holds Albania liable in treaty claim in TV broadcasting expropiation
  • European Union. GCEU lifts payment ban on Micula brothers award
  • Georgia. Georgia faces ECT claim from Australian investor
  • Italy. ICSID tribunal declares it has jurisdiction in oilfield dispute against Italy
  • Spain. UNCITRAL tribunal to hear Mexican investor’s claims on Banco Popular´s sale

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MIDDLE EAST AND AFRICA

  • Egypt. Egyptian appeal court upholds convictions of two arbitrators
  • Libya. London Court of Appeal confirms arms award enforcement against Libya
  • Kenya. Kenyan state-owned company largely successful in LCIA arbitration

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ASIA PACIFIC

  • Bangladesh. Bangladesh hit by ICSID claim in oil field dispute
  • India. Malaysian satellite-TV group Astro withdraws two treaty claims against India
  • South Korea. South Korea hit with parallel ICSID and ICC claims over alleged expropriation
  • Malaysia. Malaysia settles threat of treaty claim
  • Singapore. Singapore court issues first-ever decision on SIAC arbitration

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News

INSTITUTIONAL NEWS

  • AAA-ICDR releases latest case figures

TEAM NEWS

  • Partner Pedro Tent (Valencia) spoke on The importance of the arbitration clause in contracts at a Conference co-organized by the Valencia Bar, the French Chamber of Commerce in Spain and the Asociación Europea de Arbitraje in Valencia on 11 July 2019
  • Partner Joe Tirado (London) spoke on The importance of the place of issuance of the arbitral award at a CEA-Mujeres Seminar held in Rome on 2 July 2019. Joe also spoke on developments in global arbitration at an event organized by 4-5 Gray´s Inn in London on 16 July 2019 for a delegation visiting from the Vietnam Ministry of Justice

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