INTERNATIONAL ARBITRATION 1/3LY
NOTABLE C A SES
> I CS ID, 3 NOVEMBER 2015 : AN I CS ID TRIBUNAL HA S REJECT ED A CL A IM BY ADEL A HAMADI AL TAMIMI AGA INST OMAN. AL TAMIMI ’ S COMPANY, EMROCK , HAD A LE A SE WI TH A STAT E- OWNED MINING COMPANY IN OMAN FOR QUARRY ING OF L IMESTONE . AF T ER THE T ERMINAT ION OF THE LE A SE , AL TAMIMI F ILED A USD 273 MILL ION CL A IM SPARK ING THE F IRST- E VER I CS ID C A SE AGA INST OMAN. > S TOCKHOLM CHAMBER OF COMMER CE , 22 JANUARY 2016 : SPA IN HA S WON I T S F IRST ENERGY CHART ER TRE AT Y C A SE RESULT ING FROM A CL A IM FROM T WO DUTCH INVESTORS . FOLLOWING REFORMS TO I T S RENEWABLE ENERGY SECTOR , THE INVESTORS F ILED A EUR 10 MILL ION CL A IM FOR BRE ACHES UNDER THE ENERGY CHART ER TRE AT Y. THE STOCKHOLM CHAMBER OF COMMER CE ( SCC ) TRIBUNAL RULED IN FAVOUR OF SPA IN AND ORDERED THE INVESTORS TO PAY TOWARDS COST S . > I CS ID, 4 DECEMBER 2015 : A DI V IDED TRIBUNAL IN THE HAGUE DECL INED JURI SDI CT ION IN A EUR 450 MILL ION I CS ID CL A IM BY GRUPO FRANCI SCO HERNANDO CONTRERA S , A SPANI SH CONSTRUCT ION GROUP AGA INST EQUATORI AL GUINE A . THE CL A IM REL AT ED TO A DI SPUT E REGARDING A JOINT-VENTURE PROJECT TO BUILD HOMES AND SPORT ING FACIL I T IES IN EQUATORI AL GUINE A . I T WA S F ILED IN 2012 UNDER THE SPA IN- EQUATORI AL GUINE A BI T AND I CS ID ’ S ADDI T IONAL FACULT Y RULES A S EQUATORI AL GUINE A I S NOT A S IGNATORY OF THE I CS ID CONVENT ION. THE TRIBUNAL DECL INED JURI SDI CT ION A S THE EX I ST ENCE OF AN INVESTMENT A S DEF INED BY THE BI T WA S NOT PROVEN BY THE INVESTOR .
> PERMANENT COURT OF ARBI TRAT ION DECEMBER 17 2015 : AUSTRAL I A HA S DEFE AT ED AN ARBI TRAT ION CL A IM CONCERNING A DI SPUT E OVER TOBACCO PL A IN PACK AGING, BROUGHT BY PHIL IP MORRI S A S I A L IMI T ED ( PMA ) UNDER THE AUSTRAL I A - HONG KONG BIL AT ERAL INVESTMENT TRE AT Y. THE PERMANENT COURT OF ARBI TRAT ION ( PC A ) TRIBUNAL I SSUED A DECI S ION ON JURI SDI CT ION AND ADMI SS IBIL I T Y DI SMI SS ING THE INVESTOR ’ S CL A IM. > I CC , 2 FEBRUARY 2016 : AN I CC TRIBUNAL HA S SUBMI T T ED A PART I AL AWARD REGARDING A DI SPUT E BE T WEEN TURK I SH P IPEL INE OPERATOR BOTA AND THE NAT IONAL IRANI AN GA S COMPANY (NIGS ) . THE AWARD GRANT S BOTA A DI SCOUNT ON THE PRI CE OF GA S EXPORT S FROM NIGS FOLLOWING T WO I CC CL A IMS IN 2012 .
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