FDI Update reports on recent legislation, international arbitration cases and enforcement decisions. It also brings news and insights from Turkey, the Middle East, Africa and CIS to guide investors that target foreing markets for expansion.
Turkey's Bilateral Investment Treaties: Developments from 2020 to 2022
In February 2022, Turkish Grand National Assembly ratified bilateral investment treaty signed with the Republic of Belarus. It is the first BIT Turkey ratified in almost a year, following the BIT with Georgia, which was signed in 2016 and entered into force in June 2021. In 2020, 6 Turkish BITs entered into force with China, Uzbekistan, Djibouti, Zambia, Kyrgyzstan, and Montenegro.
This post briefly compares some of the key features of these BITs in order to pinpoint some key differences and similarities.
New ICC Arbitration Rules enter into force on 1 January 2021
International Chamber of Commerce (ICC) unveiled its updated and improved set of draft arbitration rules in November 2020. The draft is now expected to enter into force on 1 January 2021.
The ICC has published its Guidance Note on Possible Measures Aimed at Mitigating the Effects of the COVID-19 Pandemic
The outbreak of COVID-19 has resulted in far-reaching consequences both socially and economically. Safety concerns and public health restrictions, aimed at curbing the spread of the pandemic, have disrupted legal proceedings worldwide..
Feed-in Tariff Schemes in the Renewables Industry (II): Legitimate Expectations and Damages Considerations in the Spanish cases
In the first of the series of articles on Feed-in Tariff (FIT) disputes in the EU, we discussed in October 2019 the development of FIT policies in Spain, Czech Republic and Italy.
Feed-in Tariff Schemes in the Renewables Industry (I): Investment Arbitration Cases Concluded in 2019
Feed-in Tariffs (“FITs”) have become a controversial state policy over the past two decades in Europe, resulting in a significant number of investment arbitration cases against Spain, Italy and the Czech Republic.
Latest Modifications in the Electricity Market Licensing Regulation
Turkey has started to implement a new energy investment model called RERA in 2016, aiming to promote renewable energy investments and use of local manufacturing and technology. Together with other support and incentive mechanisms as well as higher feed-in tariffs in place.
Reforming Investor-State Dispute Settlement: Reflections on the UNCITRAL Working Group III and Beyond
International investment law (IIL) is at a crossroads. An obscure legal domain virtually unknown for most of its hitherto existence, it came to prominence only after the surge of investor-State disputes filed by foreign investments against their host states from the late 1990s onwards.