Posts from Gibson Dunn

For the sake of clarity: ICSID’s fourth working paper on rule changes continues the push towards greater transparency

On 28 February 2020, ICSID released its fourth working paper on the amendment of its rules for investor-state proceedings. This forms part of the most extensive review of ICSID’s rules since their adoption in 1967 (the Additional Facility Rules were adopted in 1978). ICSID describes the overarching goals of the present review as “to modernize, … Continue reading For the sake of clarity: ICSID’s fourth working paper on rule changes continues the push towards greater transparency

UK Supreme Court paves the way for enforcement of the Micula award

On 19 February 2020, the UK Supreme Court rendered its judgment in Micula and others v Romania. In a unanimous ruling, the court lifted a stay of enforcement of an ICSID arbitral award despite an extant state aid investigation by the European Commission. This decision is the latest stage in the claimants’ long-running attempts to … Continue reading UK Supreme Court paves the way for enforcement of the Micula award