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ICSID Tribunal Awarded BBVA USD 105 Million in an Arbitration Under the ICSID Additional Facility Against Bolivia

20 July 2022, by Diego Luis Alonso Massa

On 12 July 2022, an ICSID Tribunal rendered its Award in Banco Bilbao Vizcaya Argentaria S.A. v. Plurinational State of Bolivia (ICSID Case No....

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Refusal of District Court to enforce $1.8 billion arbitration award in favour of ESSO partially overturned by US Court of Appeals

13 July 2022, by Diego Luis Alonso Massa

In a decision dated 8 July 2022, the United States Court of Appeals for the Second Circuit affirmed in part and vacated in part the judgment of the...

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ICSID Proceeding Against Kuwait Discontinued

15 February 2022, by Diego Luis Alonso Massa

On 11 February 2022, an ICSID Arbitral Tribunal noted the discontinuance of the proceedings in Ayat Nizar Raja Sumrain and others v. State of Kuwait...

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Venezuela Abandons Appeal Against Rusoro’s USD 1 Billion + ICSID Award, Paving The Way For Enforcement Actions Around The World

Venezuela’s decision to abandon its appeal against – therefore rendering final – the US District Court for the District of...

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ICSID COMMITTEE Lifts Stay of Enforcement Issued in CONOCOPHILLIPS v. VENEZUELA

6 October 2021, by Diego Luis Alonso Massa

Recognising the sufficiency of the award creditors’ assurances, and the good reputation of the entity with which segregated bank accounts had...

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