Investment Treaty News (ITN), Volume 10, Issue 2, June 2019

Investment Treaty News (ITN) is IISD’s flagship journal on international investment law and policy.

Featured articles:

• Third-Party Funding and the Objectives of Investment Treaties: Friends or foes? by Brooke Güven & Lise Johnson
• A Bit of Anti-Bribery: How a corruption prohibition in FIPAs can bring a minimum standard of conduct for Canadian investors abroad, by Matthew A. J. Levine
• Spain’s Renewable Energy Saga: Lessons for international investment law and sustainable development, by Isabella Reynoso
• Investment Facilitation at the WTO: An attempt to bring a controversial issue into an organization in crisis, by Sofía Baliño & Nathalie Bernasconi-Osterwalder
• The Kenyan Parliament and Investment Treaty Making, by Bosire Nyamori
• Investor Due Diligence and the Energy Charter Treaty, by Yulia Levashova

Summaries and analysis of recent arbitration awards and decisions:

• Claims against Albania dismissed by ICSID tribunal as the Anglo-Adriatic Group did not have a protected investment (Anglo-Adriatic Group Limited v. Republic of Albania, ICSID Case No. ARB/17/6), by Pietro Benedetti Teixeira Webber 

• ICSID tribunal finds Spain breached ECT obligations by failing to provide a reasonable rate of return (RREEF Infrastructure (G.P.) Limited and RREEF Pan-European Infrastructure Two Lux S.a r.l. v. Kingdom of Spain, ICSID Case No. ARB/13/30), by Gregg Coughlin
• ICSID tribunal upholds Panama’s plea of illegality in the making of an investment in a tourism project located in an Indigenous area (Álvarez y Marín Corporación S.A., Bartus van Noordenne, Cornelis Willem van Noordenne, Estudios Tributarios AP S.A. and Stichting Administratiekantoor Anbadi v. Republic of Panama, ICSID Case No. ARB/15/14), by Juan Carlos Herrera-Quenguan
• India found in breach of BIT with Germany by UNCITRAL tribunal in respect of agreement for lease of electromagnetic spectrum (Deutsche Telekom AG v. the Republic of India, PCA Case No. 2014-10), by Trishna Menon
• SCC tribunal finds Poland liable for expropriation over divestment order to Luxembourg bank (PL Holdings S.à.r.l. v. Republic of Poland SCC Case No. V2014/163), by Gladwin Issac
• Investors’ legitimate expectation claims against Italy dismissed due to the absence of specific commitments (Blusun S.A., Jean-Pierre Lecorcier and Michael Stein v. Italian Republic, ICSID Case No. ARB/14/3), by Xiaoxia Lin
• ICSID tribunal constituted by virtue of an MFN clause holds Turkmenistan liable for FET breach for requiring investors to produce smeta, a cost estimate required by Turkmen law (Garanti Koza LLP v. Turkmenistan, ICSID Case No. ARB/11/20), by Ksenia Koroteeva 

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