Investment Treaty Arbitration

At Vanguard we have broad experience as counsel and as arbitrator in investment treaty arbitrations under all relevant arbitration rules (including under the ICSID, PCA, SCC and UNCITRAL arbitration rules) across a broad spectrum of sectors (including mining, oil & gas, renewable energy, pharma & life sciences, fisheries & aquaculture, agriculture, gambling & gaming, real estate, infrastructure, satellite telecommunication, natural resources, manufacturing, tax, construction & engineering).

Having represented both investors and states, and having served as arbitrator in numerous investment treaty arbitrations, as well as in annulment proceedings before ad hoc committees and state-courts, we master the process and manage the legal and (geo)political risks involved. Our experience enables us to provide strategic counsel and to ensure the effective protection and enforcement of our clients’ rights.

Representative Experience

  • Representing an Eastern European State in an ICSID arbitration initiated by a Cypriot investor in relation to its investment in the renewable energy sector (ICSID Case No. ARB/20/15)°
  • Representing a Middle Eastern State in an ICSID arbitration initiated by a Dutch investor in relation to alleged acts and omissions of the host State pertaining to the regulation of its market for pipes used for sewage and potable water engineering projects (ICSID Case No. ARB/17/31)°
  • Representing a Balkan State in an ICSID arbitration initiated by a Greek investor in relation to an alleged investment in the oil and gas industry (ICSID Case No. ARB/11/24)°
  • Representing Belgian investors in an ICSID arbitration against a Balkan State over a dispute concerning an investment in the touristic real estate sector (ICSID Case No. ARB/13/12)
  • Representing a Balkan State in an ICSID arbitration initiated by an Italian investor in relation to an alleged investment in the gambling industry (ICSID Case No. ARB/11/18)°

° These cases were handled as mandates of a previous firm, prior to founding Vanguard International Dispute Resolution