One cancelled lithium project, three ICSID proceedings, a pending consolidation request and a publicly disclosed funder. Why Sonora is an unusually clean case study.

Jupiter Lithium v. Nigeria sits in a small but fast-growing category: UNCTAD records just 51 ISDS cases on energy-transition minerals since 1987, six of them in 2024 alone.

Ukraine's investment-treaty exposure didn't pause for the invasion. It got more complicated. Background Investment treaty arbitration involving Ukraine has continued throughout the full-scale war, running on two separate tracks that are easy to conflate but legally distinct. One track consists of pre-war disputes, arising from grievances that predate February 2022, working their way through ICSID and other fora on their own long-standing procedural timelines. The other, newer

Al Habtoor Group's $1.7 billion claim against Lebanon, and what it says about arbitrating a banking crisis. Background Dubai-based Al Habtoor Group, one of the United Arab Emirates' larger diversified conglomerates with interests spanning hospitality, automotive, real estate and education, has formally filed a Request for Arbitration with ICSID against the Lebanese Republic. The claim proceeds under the UAE–Lebanon bilateral investment treaty, in force since 1999, and follows

Panama's annulment of the CK Hutchison port concessions triggered a USD 2 billion ICC arbitration, and effects far beyond it. A case for measuring dispute spillovers.

Singapore's commercial court turns ten, and starts doing work that looks a lot like arbitration's job. Background The Singapore International Commercial Court held a conference marking its tenth anniversary in January 2025, drawing more than 420 delegates from fifteen jurisdictions. A decade in, the court's docket has moved well beyond the general cross-border commercial disputes it was originally designed to hear, into territory that overlaps increasingly with the traditiona

Romania is leaving the Energy Charter Treaty — but Article 47's twenty-year sunset clause means the treaty's investment protections outlive the withdrawal itself. A look at why exiting an energy treaty is not the same as being free of it.

A stayed award, a transparency report and a caseload statistic. Each shows a gap between what investment arbitration is designed to do and what it observably does.

A PCA tribunal declined jurisdiction over Zeph Investments' USD 305 billion claim against Australia. What the award tells us about who qualifies as a foreign investor.

There is no US-Russia BIT in force and Russia never ratified the ICSID Convention. Exxon's Sakhalin-1 claim shows what is left when the treaty layer is simply absent.

Orsted is majority State-owned and lost a nearly complete wind project to a regulatory order. Whether such an investor can even reach ICSID is an unsettled question.

Shell has signalled a treaty claim against Bolivia over an annulled award and criminal proceedings. Why the forum question comes first, and why Bolivia is a hard respondent.