ICSID Won't Annul Award Finding Investor's Claim An Inadmissible Abuse Of Rights

Mealey's (September 22, 2020, 1:59 PM EDT) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) ad hoc committee on Sept. 17 declined to annul an award that rejected as an inadmissible abuse of rights a Luxembourg company's claims against the People's Democratic Republic of Algeria for harming its telecoms investment because the company's subsidiary had previously resolved the same claims in a separate settlement with Algeria (Orascom TMT Investments S.à r.l. v. People's Democratic Republic of Algeria, No. ARB/12/35, ICSID)....