Award Rejecting Canadians’ $15B Pipeline Claim Against U.S. Published By ICSID

Mealey's (August 30, 2024, 12:48 PM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on Aug. 29 published a split tribunal’s award dismissing a $15 billion claim brought against the United States by two Canadian oil companies for terminating their license to operate a cross-border pipeline, finding that it lacked jurisdiction over claims arising under the North American Free Trade Agreement (NAFTA) after NAFTA expired....

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