UPDATED: An ICSID committee has largely upheld Bahamian oil company Perenco’s US$449 million award against Ecuador – reducing the damages by US$36 million after annulling certain findings on quantum.
UK power investors withdraw claim against Tanzania Credit: Symbion Power
The British co-founders of US power plant developer Symbion Power have discontinued an ICSID claim against Tanzania in a dispute that also gave rise to a US$560 million ICC claim.
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Anglo American has filed an ICSID claim against Colombia following a local court order blocking expansion plans at a coal mine over environmental concerns – days after its partner in the project Glencore lodged a claim against the state.
Australian miner Sundance Resources has filed an ICC claim against Cameroon over the reallocation of licences for a multi-billion-dollar iron ore project to Chinese investors – months after it lodged an arbitration against the Republic of the Congo over similar allegations.
Glencore has filed an ICSID claim against Colombia after a planned expansion at a coal mine was halted by a local court citing environmental concerns – the third case the Swiss commodities trader has brought against the state at the centre.