How disputes between companies and states actually ended
Sourced records of investment and contract arbitration involving governments: the claim, the award, annulment and set-aside rulings, and enforcement. Updated 19 October 2026.
How arbitration works
- Commercial and investment arbitration compared
How contract-based commercial arbitration differs from investor-state arbitration on consent, review, transparency and enforcement, with official sources.
- Enforcing arbitration awards against states
How ICSID and New York Convention awards are recognised, and how state immunity from execution limits what assets can be seized in the UK and US.
- ICSID annulment explained
The five grounds for annulling an ICSID award, the deadlines, stays of enforcement and how many awards ad hoc committees have annulled.
- Investor-state arbitration explained
How foreign investors bring claims against states, where consent comes from, what law applies and how ICSID cases have ended, with official figures.
- Setting aside an arbitration award
The grounds and deadlines for asking a court to set aside an award under the UNCITRAL Model Law and the English Arbitration Act 1996, with a case example.
- The corruption defence in arbitration
How states raise bribery against investor claims and awards, with what tribunals and courts decided in World Duty Free, Metal-Tech and Nigeria v P&ID.
Case records
- Agility v Iraq: the Korek Telecom claim
Agility v Iraq, ICSID Case No. ARB/17/7: claims over Korek Telecom dismissed in 2021, the award partly annulled in 2024, and a resubmitted case pending.
- Antin (Infrastructure Services Luxembourg) v Spain: award and enforcement
Antin v Spain, ICSID ARB/13/31: the €101 million Energy Charter Treaty award of 2018, its annulment proceeding and court rulings in Australia and the UK.
- Chevron v Ecuador: the Lago Agrio judgment and PCA Case No. 2009-23
Chevron and Texaco v Ecuador, PCA Case No. 2009-23: the 2018 finding on the Lago Agrio judgment and the November 2025 award of compensation.
- ConocoPhillips v Venezuela (ICSID Case No. ARB/07/30)
The 2019 ICSID award to ConocoPhillips over Venezuela's 2007 oil expropriation, its rectification, and the annulment decision of 22 January 2025.
- Crystallex v Venezuela: the Las Cristinas award and the PDVH share sale
Crystallex v Venezuela, ICSID ARB(AF)/11/2: the US$1.202 billion award of 2016 and the Delaware sale of PDV Holding shares, now on appeal.
- Eco Oro v Colombia: the Santurbán páramo mining claim
Eco Oro v Colombia, ICSID Case No. ARB/16/41: a 2021 finding of breach, a 2024 award of no damages, and an annulment application pending.
- Getma v Guinea: the Conakry port concession disputes
Getma's two claims against Guinea over the Conakry port: a CCJA award annulled over arbitrator fees, and ICSID Case No. ARB/11/29, decided in 2016.
- Metal-Tech v Uzbekistan (ICSID Case No. ARB/10/3)
ICSID award of 4 October 2013 that declined jurisdiction over Metal-Tech's claims against Uzbekistan after finding corruption.
- Niko v Bapex and Petrobangla (ICSID Case No. ARB/10/11)
The ICSID tribunal's 2019 decision that Niko's gas agreements with Bangladesh were not procured through corruption, and the case through to the 2025 award.
- P&ID v Nigeria: the gas contract awards and the 2023 fraud ruling
How the English Commercial Court set aside P&ID's US$6.6 billion awards against Nigeria in 2023 after finding they were obtained by fraud.
- Philip Morris v Uruguay: the tobacco packaging claim
Philip Morris v Uruguay, ICSID Case No. ARB/10/7: claims over tobacco packaging rules dismissed on 8 July 2016, with US$7 million in costs to Uruguay.
- Securiport v Benin
ICC award of January 2019 against Benin over the Cotonou airport security contract, the French ruling on corruption, and Benin's criminal case.
- Standard Chartered v TANESCO and the related ICSID cases against Tanzania
Standard Chartered's three ICSID cases over the IPTL power deal: ARB/10/12, ARB/10/20 (US$148.4 million award, annulment decided 2018) and ARB/15/41.
- Symbion v TANESCO: the Ubungo power purchase agreement disputes
Symbion Power's ICC claim against TANESCO over the Ubungo power purchase agreement, and ICSID Case No. ARB/19/17 against Tanzania, discontinued in 2021.
- Tethyan Copper v Pakistan (ICSID Case No. ARB/12/1)
The 2019 ICSID award to Tethyan Copper over Reko Diq, Pakistan's annulment and revision applications, and their discontinuance in January 2023.
- World Duty Free v Kenya (ICSID Case No. ARB/00/7)
ICSID award of 4 October 2006 that dismissed World Duty Free's claims against Kenya after finding a US$2 million payment to President Moi was a bribe.
- Yukos shareholders v Russia: the awards and the Dutch set aside cases
The 2014 Energy Charter Treaty awards of over US$50 billion against Russia and the Dutch court rulings from 2016 to the Supreme Court in October 2025.
By country
- Benin as a respondent in investment arbitration
Benin's ICSID and New York Convention status, its single ICSID case (Teyliom) and the Securiport ICC award, checked 22 October 2026.
- Kenya as a respondent in investment arbitration
Kenya's ICSID cases as respondent, their outcomes, its ICSID and New York Convention status, and costs orders, checked 22 October 2026.
- Nigeria as a respondent in investment arbitration
Nigeria's ICSID cases as respondent, the P&ID and Zhongshan Fucheng awards, its ICSID and New York Convention status, checked 22 October 2026.
- Pakistan as a respondent in investment arbitration
Pakistan's ICSID cases as respondent, the Tethyan and Karkey awards and settlements, and its ICSID and New York Convention status, checked 22 October 2026.
- Tanzania as a respondent in investment arbitration
Tanzania's ICSID cases as respondent, its ICSID and New York Convention status, and the Ntaka Hill settlement, checked 22 October 2026.
- Venezuela as a respondent in investment arbitration
Venezuela's ICSID cases as respondent, its 2012 ICSID exit, New York Convention status and the Delaware Citgo sale, checked 22 October 2026.
Arbitration Outcomes is a public-interest reference site. It is not a government website. Our methodology page explains how we check every figure.