On 4 August 2022, the International Centre for Settlement of Investment Disputes (ICSID) released its latest biannual caseload statistics for FY2022 (available here). The report also captures trends of ICSID cases over a longer period since 1972. In this blogpost, we have summarised the key highlights of the report. Read more

On 21 March 2022, the member states of the International Centre for the Settlement of Investment Disputes (ICSID) approved wide-ranging amendments to the ICSID Regulations and Rules, which will come into effect on 1 July 2022. The approved amendments are the product of a rule amendment project which commenced in October 2016, pursuant to which … Read more

On June 15, 2021, the International Centre for Settlement of Investment Disputes (“ICSID“) Secretariat published its Fifth Working Paper on Proposals for Amendment of the ICSID Rules (“WP5“), featuring the proposals for amended ICSID rules on arbitration. The proposals build upon the suggested amended rules in Working Paper 4 (“WP4“), and address issues such as … Read more

On May 12, 2021, Canada published its new Model Foreign Investment Promotion and Protection Agreement (the “New Model BIT”), revising the 2004 Model Agreement for the Promotion and Protection of Investments (the “2004 Model BIT”). The New Model BIT modernizes Canada’s framework and brings a few interesting innovations in the Bilateral Investment Treaty (“BIT”) world. … Read more

The International Centre for Settlement of Investment Disputes (“ICSID”) has released case statistics for 2020 (available here) showing a record number of new cases. While the figures confirm that the Covid-19 pandemic has not so far significantly affected the nature of those disputes, other changes – such as a shift to virtual hearings – are … Read more

In the recent decision of Koza Ltd & Mr Ipek v Koza Altin Isletmeleri AS [2020] EWCA Civ 1018, the English Court of Appeal (“Court”) by a 2-1 majority has upheld an injunction granted by the English High Court earlier this year, restraining Koza Ltd (“Koza”), a UK-based company, from providing funding for an ICSID … Read more

In a helpful clarification of the rules surrounding the registration of International Centre for Settlement of Investment Disputes (“ICSID”) awards in England and Wales, the English High Court has ruled in Union Fenosa Gas SA v Egypt [2020] EWHC 1723 (Comm) here, that service of a claim form on a state is not required under … Read more

On 9 June 2020 the Republic of Djibouti became the 155th state to ratify the ICSID Convention on the Settlement of Investment Disputes between States and Nationals of Other States (“the ICSID Convention”) following the depositing of its instrument of ratification with the World Bank. The ratification follows Djibouti’s signing of the Convention in April … Read more