International construction arbitration is a private dispute resolution method for resolving international construction disputes. International construction disputes, as defined by the International Chamber of Commerce (the “ICC“) Commission on International Arbitrations are “all kinds of disputes arising out of projects for construction work, but mainly those relating to the execution of the services (e.g. engineering services) […]
Valuation Date of Expropriated Investment in Investor-State Arbitration
The valuation date of an expropriated investment represents a crucial factor in assessing the amount of compensation to be paid in investor-State arbitrations, as the value of investments may change dramatically over the course of time. Arbitral tribunals are keenly aware that the value of investments change over time. For example, the Iran-US Claims Tribunal […]
Arbitration Reform in Latin America: Argentina and Uruguay New International Arbitration Laws
Latin American countries are finally opening up to international arbitration and modernising their legal frameworks. After Venezuela, Paraguay, Chile and Peru, Argentina and Uruguay have also passed new international arbitration laws, based on the 2006 UNCITRAL Model law. In November 2017, the upper house of the Argentinian Parliament passed a bill adopting a new law […]
The Salini Test in ICSID Arbitration
Article 25(1) of the ICSID Convention states that “[t]he jurisdiction of the Centre shall extend to any legal dispute arising directly out of an investment”. The manner in which tribunals have applied this provision has gradually evolved and has been subject to considerable debate. The Salini Test has been at the heart of this debate. […]
Code Panafricain d’Investissements
Conscients de la nécessité de protéger les investissements étrangers tout en promouvant le développement durable au sein du continent africain, les Etats membres de l’Union Africaine ont décidé en 2008 d’entamer un ambitieux projet de code d’investissements commun, appelé le Code Panafricain d’Investissements. Le projet de ce code a été achevé en décembre 2016. Nous allons […]