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ARA Libertad leaves Ghana following ITLOS ruling on Argentina’s application for provisional measures
As reported in our earlier blog post, on 29 and 30 November 2012, the International Tribunal for the Law of the Sea (the ITLOS) heard an application by …
Colombia withdraws from ICJ over Nicaragua v Colombia ruling
On 19 November 2012, the principal judicial organ of the United Nations, the International Court of Justice (the "ICJ"), ruled that Colombia has …
Argentina v Ghana at the International Tribunal for the Law of the Sea: the continuing saga of the ARA Libertad
On 29 and 30 November 2012, the International Tribunal for the Law of the Sea (ITLOS) heard an application by Argentina for provisional measures against …
NML Capital and Argentina: Ghanaian court rejects Argentina's sovereign immunity challenge and NML Capital targets second vessel in South Africa
On 25 October, News agencies reported that a second Argentine navy vessel has been targeted by NML Capital, this time in South Africa. This followed the …
Record Award Against Ecuador Demonstrates Willingness of Tribunal to Review State Decisions on Grounds of Proportionality
In an award notified to the parties on 5 October 2012 (the Award), the majority of a three-member arbitral tribunal established under the ICSID …
Consistently inconsistent: another contrasting decision on 'Most Favoured Nation' provisions, another split decision
In Daimler Financial Services AG v Argentine Republic, an ICSID tribunal considered whether Daimler, a German investor, could rely on the 'most favoured …
US expands sanctions against Iran
On August 10, 2012, the US implemented new sanctions against Iran through the enactment of the Iran Sanctions, Accountability and Human Rights Act of …
New US Executive Order in relation to Iran and enforcement action against two non-US banks
On 31 July 2011 Barack Obama enacted a new Executive Order 'Authorising Additional Sactions with Respect to Iran', which has immediate …
Argentina's "expropriation" of Repsol oil subsidiary: the legal landscape
On 16 April 2012, Argentina's President, Cristina Fernandez de Kirchner, presented a draft Bill to Congress setting out the Government's intention to …
Venezuela follows Bolivia and Ecuador with plans to denounce ICSID Convention
On 14 January 2012, Venezuela's Energy Minister, Rafael Ramírez, and president of state-owned oil utility PDVSA, announced the country's intention to …
ICSID tribunal takes jurisdiction over 60,000 bondholder claims against Argentina for sovereign debt default
In its decision of 4 August 2011, a majority tribunal took a monumental decision to accept a "mass claim" under the ICSID rules in relation to …
ICSID - first two successful challenges by States under ICSID's summary dismissal procedure
In 2006, the ICSID Rules were amended to introduce Rule 41(5), which allows a party to raise a preliminary objection that claims brought against it are …
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