Second ICSID claim filed against Uruguay; Philip Morris decision still pending 

On March 24, the International Centre for Settlement of Investment Disputes (ICSID) registered (Case No. ARB/16/9) a request for arbitration filed by U.S. telecom company Italba against Uruguay. The company alleges that Uruguay terminated a wireless spectrum licence in violation of the fair and equitable treatment standard under the Uruguay­–United States bilateral investment treaty (BIT). This is the second ICSID case against Uruguay. The first was initiated by Philip Morris in 2010 (Case No. ARB/10/7); a hearing on the merits was held in late October 2015.

Read more News in Brief