ICSID Dismisses Investment Claims Against Timor-Leste For Lack Of Jurisdiction

Mealey's (January 2, 2018, 12:53 PM EST) -- WASHINGTON, D.C. — A tribunal for International Centre for Settlement of Investment Disputes (ICSID) on Dec. 28 released its ruling in a dispute related to investments for the sale and shipment of high-speed fuel to the Democratic Republic of Timor-Leste, dismissing the case for lack of jurisdiction (Lighthouse Corporation Pty Ltd., et al. v. the Democratic Republic of Timor-Leste, No. ARB/15/2, ICSID)....