Arbitration award (arb8766)
ICSID · Investment (ICSID and treaty) · International · 28 September 2022
Why it matters
Mr Justice Butcher Approved Judgment NIOC v. Crescent Petroleum Mr Justice Butcher, an investment arbitration, in which a foreign investor brought claims against a state under an investment treaty. For a student, it is a worked example of investor-state dispute settlement: how the tribunal weighs a state's right to regulate against the treaty protections (fair and equitable treatment, protection from expropriation) owed to foreign investors. The tribunal's reasoning and any award of damages are set out in the original.
Summary
Mr Justice Butcher Approved Judgment NIOC v. Crescent Petroleum Mr Justice Butcher: an investment arbitration award. The tribunal's full reasoning is set out in the original.
The detail
Parties: Mr Justice Butcher Approved Judgment NIOC v. Crescent Petroleum Mr Justice Butcher
Case number: See arbitration.org record
Outcome: Award. The disposition is set out in the original.
Applicable law: The applicable arbitration rules and governing law; see the original.
Issues in play: The parties' substantive dispute, resolved by arbitration rather than in the courts.
Read the full decision at arbitration.org ↗
Locus Standi links to the source decision and publishes its own plain-language summary. It does not reproduce the text of the award.