ITN April 2018

• Achmea: The Beginning of the End for ISDS in and with Europe? By Laurens Ankersmit
• Withdrawal of Consent to Investor–State Arbitration and Termination of Investment Treaties, by Lise Johnson, Jesse Coleman and Brooke Güven
• An Interview with Luis Guillermo Vélez – Director-General of Colombia’s National Agency for the Legal Defense of the State

News in Brief

• UNCITRAL Working Group III meets in New York to continue ISDS reform discussions
• Agreement to create the African Continental Free Trade Area (AfCFTA) signed in Rwanda
• Council of the European Union adopts negotiating directives: EU Commission to negotiate a convention establishing a multilateral investment court
• Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) signed
• RCEP to discuss investment in July; conclusion of agreement expected in 2018

Awards and Decisions

• ICSID tribunal finds Latvia breached FET under Latvia–Lithuania BIT (UAB E Enerģija v. Republic of Latvia, ICSID Case No. ARB/12/33), by Gladwin Issac
• ICSID tribunal declines jurisdiction: Timor-Leste never consented to ICSID arbitration (Lighthouse Corporation Pty Ltd and Lighthouse Corporation Ltd, IBC v. Democratic Republic of Timor-Leste, ICSID Case No. ARB/15/2), by Trishna Menon
• ICSID tribunal dismisses expropriation case against Venezuela on jurisdictional grounds (Fábrica de Vidrios Los Andes, C.A. and Owens-Illinois de Venezuela, C.A. v. Bolivarian Republic of Venezuela, ICSID Case No. ARB/12/21), by Bettina Müller
• Solar energy claims brought by German investors against Czechia are dismissed (Jürgen Wirtgen, Stefan Wirtgen, Gisela Wirtgen and JSW Solar (zwei) GmbH & Co. KG v. Czech Republic, PCA Case No. 2014-03), by Mintewab Abebe
• Venezuela held liable for unlawful expropriation of fertilizer plants (Koch Minerals Sárl and Koch Nitrogen International Sárl v. The Bolivarian Republic of Venezuela, ICSID Case No. ARB/11/19), by Claudia Arietti

Resources and Events