Termination

Central Asia, Challenge of Arbitral Award, Court Assistance, Interim measures, Recognition and enforcement of arbitral award, Suspension of Proceedings, Termination, Uzbekistan

(PraeLegal Uzbekistan)/ /Leave a comment

Uzbekistan has updated certain legislative acts in connection with the recent adoption of the Law “On International Commercial Arbitration” (No. O’RQ-674) in 2021 (as previously covered in this blog). On May 16, 2022, the President of Uzbekistan signed a new law “On amendments and additions to certain legislative acts of the Republic of Uzbekistan in…

Russia, Termination, Treaty, Vienna Convention on the Law of Treaties

, (Avellum)/ /1 Comment

Russian full-scale invasion of Ukraine consolidated the international community in strong political condemnation and accompanying legal sanctions against vital sectors of the Russian economy. International business followed suit with more and more multinational companies ceasing their investments in Russia or pulling out their businesses entirely. As reported by the Wall Street Journal, the Russian response…

Arbitration Agreement, Bosnia and Herzegovina, Civil Procedure, Termination

(Sudžuka & Co. d.o.o.)/ /Leave a comment

Despite the fact that Bosnia and Herzegovina (BiH) has two arbitration courts – The Arbitration Court attached to the Foreign Trade Chamber of Bosnia and Herzegovina which has existed since 2003 and the Foreign Trade Court of Arbitration of the Republika Srpska (‘RS’) Chamber of Commerce and Industry since 1998 – arbitration still remains an…

Achmea, BIT, Termination

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On 6 March 2018, the Court of Justice of the European Union (“CJEU“) issued its long-awaited decision in the Achmea case (C-284/16) between the Slovak Republic and Dutch insurer Achmea BV. In Achmea, the CJEU found investor-state dispute settlement provisions in investment treaties concluded between EU Member States (“intra-EU BITs“) to be incompatible with EU law….

BIT, Denunciation, Ecuador, ISDS, Termination

(Pérez Bustamante & Ponce and Universidad San Francisco de Quito) and (Pérez Bustamante & Ponce)/ /Leave a comment

As in García-Marquez’s novel, the denunciation of the Ecuadorian bilateral investment treaties (“BITs”) represents a chronicle of a death foretold and the Ecuadorian National Assembly and Ecuador’s President have taken one of the final steps to terminate them. Along the way, the internal termination proceedings have been highly politicized, international investment arbitration has been demonized,…