Annual Review of ICSID Cases, 2023

Aniruddha Rajput

 

Cases decided by tribunals and ad hoc annulment committees this year (December 2022 – November 2023), as in the past, covered a wide range of sectors, such as: hydrocarbon exploration and exploitation activities and marketing, importing and exporting oil and oil products;1 hydropower energy generation;2 privatization of the coal mine and the right of the shareholders to claim protection after termination of the share transfer agreement;3 investments in the phosphates industry;4 exploration and development of nickel sulphide deposits;5 forfeiture of shares of an entity running dairy farm after cancellation of the contract by the State entity;6 and, conglomerate working in several sectors such as mining, energy and media, alleging several breaches of treatment standards through various actions of the government.