ICSID

The Fate of the Developing States in International Arbitration and the Fair and Equitable Treatment Standard

In this book, the author took the interdisciplinary approach to explore the application of the FET clause in the IIAs between developed and developing countries as well as its subsequent effects on the socio-economic context of the developing state. The main aim of this book as stated in p. 171 is to re-conceptualize the FET clause from the perspective of the host States with comprehensive consideration of their social, political, and economic conditions.

Dutch and Nigerian Subsidiaries of Oil Giant Eni Bring OPL 245 Battle to ICSID

On October 9, the Dutch and Nigerian subsidiaries of Italian Eni have filed a request for arbitration at ICSID. The dispute revolves around Shell and Eni’s 2011 purchase of the Oil Prospecting Licence (“OPL 245”) from the company Malabu Oil and Gas Limited (“Malabu”) for USD $1.3 Billion.

The current edition of the ICSID Review focuses on Africa and the ICSID Dispute Resolution System

There are many great things to say about the volume including the discussion about Africanization of international investment law and finding Africa's voice in it. Much of what one would have expected to see about Africa and ICSID is in there.

Investment Regulation at the African Continental Level

The conclusion of the AfCFTA comes in the wake of global trade facing a lot of uncertainty, with more countries becoming more protectionist and the global world trade order facing collapse due to rising tensions. Despite all this, Africa’s regional integration agenda remains at the core. The Protocol on Investments is meant to be continental wide project to protect and promote investments in Africa. The ultimate goal for the AU’s regional integration objectives should be to have one investment framework to regulate the whole continent.