Enforcement of ICSID Awards in England: is the door half-open or half-shut?
Practical Law
Practical Law
Chiraag Shah and Robin Bachmann recently authored an article in Practical Law on the recent English High Court decision in Border Timbers Ltd v Republic of Zimbabwe and its impact on enforcement of International Centre for Settlement of Investment Disputes (ICSID) awards in England.
In the article, Chiraag and Robin discuss the effects of the decision: “The Commercial Court judgment in Border Timbers Ltd v. Republic of Zimbabwe [2024] EWHC 58 (Comm) sees the English Court appearing to depart from prior practice and take an alternative approach to sovereign immunity vis-à-vis ICSID awards. If this judgment is not overturned on appeal, it could affect foreign investors seeking to enforce ICSID awards in the English Courts. The case reinforces how important it is to include appropriate dispute resolution and submission to jurisdiction clauses in agreements with states or state entities and, where a claim is being brought under an investment treaty, to pay due consideration to enforcement strategies at an early stage.”
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