ICSID Issues $26.3M Award In Dispute Between Oil Company, Canada

Mealey's (February 12, 2020, 3:53 PM EST) -- WASHINGTON, D.C. — A tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on Feb. 4 recorded a settlement agreement as an award of approximately $26.3 million in an oil company’s arbitration dispute against the Canadian government over investments in oil field development projects (Mobil Investments Canada Inc. v. Government of Canada, No. ARB/15/6, ICSID)....

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