International arbitration in the Seychelles is primarily governed by the Commercial Code of Seychelles, Chapter 38 (1 January 1977) Title IX (the “Commercial Code Act”) and supplemented by the Seychelles Code of Civil Procedure, Chapter 213 (15 April 1920, as amended) (the “Code of Civil Procedure”). The legal system of the Seychelles represents a peculiar […]
William Kirtley Interviewed by RadioFreeEurope Regarding Investment Arbitration
William Kirtley of Aceris Law has recently been interviewed by RadioFreeEurope (RFE) regarding an investment arbitration initiated against the United States, discussing the interplay between domestic criminal proceedings and expropriation claims under international treaties. Aceris Law is also in the news for its representation of a claimant in an ICSID arbitration against the State of […]
MFN Clauses in Investment Arbitration
Most-Favoured-Nation Clauses, or MFN Clauses, figure in the vast majority of investment protection treaties. They are intended to ensure “that a host country extends to the covered foreign investor and its investments, as applicable, treatment that is no less favourable than that which it accords to foreign investors of any third country.”[1] By according such […]
ICSID Caseload – Statistics for Fiscal Year 2020
On 14 August 2020, the International Center for Settlement of Investment Disputes (“ICSID”) published its newest case report, ICSID Caselaw – Statistics (Issue 2020-2), providing data on new cases for the fiscal year 2020 (“FY2020”), i.e., until 30 June 2020.[1] ICSID publishes its reports on ICSID caselaw statistics bi-annually, examining all ICSID cases since the […]
Lost Profits in Investment Arbitration
It is common in investment arbitration that investors seek to recover the profits they claim to have lost as a consequence of one or more internationally wrongful acts perpetrated by a host State of foreign investment. Historically, in assessing damages there has been a distinction between damnum emergens (actual losses) and lucrum cessans (loss of […]