ICSID Rejects BIT Claims Against Algeria Over Telephone System Project

(June 23, 2017, 7:04 AM EDT) -- WASHINGTON, D.C. — A tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on May 31 dismissed all of the claims asserted by an investment company against the People's Democratic Republic of Algeria, finding that it could not assert claims against Algeria that were already resolved in a settlement agreement that was entered into by its subsidiary (Orascom TMT Investments S.à r.l. v. People’s Democratic Republic of Algeria, No. ARB/12/35, ICSID)....

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