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January 13, 2015 by PKR

ICSID claims against Spain mount, while private citizens take the state to court

A group of German and Spanish companies with interests in Europe’s largest solar power plant have filed a claim against Spain at ICSID under the terms of the Energy Charter Treaty (ECT). The case is ICSID’s first new filing of 2015, but hardly the first such challenge for the Spanish government. Spain is already the […]

Filed Under: Arbitration, Blog, Disputes & Agreements, Foreign Investment, Incentives & Barriers Tagged With: ICSID, Renewable energy, Spain

September 18, 2014 by PKR

El Salvador and mineral firm in final stages of ICSID arbitration

The International Centre for the Settlement of Investment Disputes (ICSID) is currently in the final stages of arbitrating a dispute between the government of El Salvador and Pacific Rim LLC, a gold mining company recently acquired by Australian mining firm OceanaGold. The ICSID proceedings began in 2009, when Pacific Rim claimed El Salvador unlawfully denied […]

Filed Under: Disputes & Agreements, Foreign Investment, International Disputes/Dimensions of Sovereignty Tagged With: Arbitration, Gold, ICSID

July 18, 2014 by PKR

ISIS advance spells opportunity for Kurdistan and foreign oil giants

Iraqi officials reported on Thursday that the Kurdistan Regional Government had begun pumping oil from two oil fields near the city of Kirkuk. The city itself, which has long been a site of contention between the Baghdad government and the KRG, fell under Kurdish control after Iraqi Army units withdrew last month. Since then, the […]

Filed Under: Disputes & Agreements, Foreign Investment, International Disputes/Dimensions of Sovereignty Tagged With: Iraq, KRG, Oil

January 6, 2014 by PKR

Iraq beefs up air force as Korea eyes global jet market

South Korea’s Korean Aerospace Industries (KAI) made news recently with its biggest deal ever, a $1.1 billion sale of FA-50 light attack jets to the Iraqi air force. Under the deal, Korea Aerospace Industries (KAI) will deliver 24 FA-50 jets to the Iraqi Air Force between 2015 and 2016. The FA-50 is a light attack […]

Filed Under: Disputes & Agreements, Foreign Investment, International Disputes/Dimensions of Sovereignty Tagged With: Iraq, Korea, military, weapons

October 22, 2013 by PKR

Brazil: Multi-national consortium wins offshore production rights amid protests

A consortium made up of Brazil’s state-run oil firm Petrobras, Shell, Total, and Chinese companies CNPC and CNOOC has won a production license for the offshore Libra oilfield. The 35-year license to the deep-sea field–which is thought to be rich enough to potentially double Brazil’s oil reserves–was auctioned off by Brazil’s National Petroleum Agency. The consortium […]

Filed Under: Disputes & Agreements, Foreign Investment Tagged With: Brazil, Oil

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