Arbtration Award Published

03 November 2009

A decision, recently published by The International Institute for Sustainable Development, reveals that an American company failed to convince the presiding arbitral tribunal that it had an “investment” as defined under the terms of the relevant BIT.

More than three years ago, in March 2006, Texas-based energy company, F-W Oil lost its fight against the Republic of Trinidad & Tobago arising out of alleged breaches of the 1996 US investment protection treaty with the Caribbean nation.

James Dingemans QC led the succesful team on behalf of the Government of Trinidad and Tobago. The Arbitration was heard by the International Centre for Settlement of Investment Disputes (ICSID).