Legal Business

International relations

 MARKET VIEW – LITIGATION 

Omni Bridgeway’s Wieger Wielinga gives an overview of the Enforcement of Arbitration Awards against Sovereign entities in Practice

The last decade has shown a sharp increase in investment treaty-based and other international arbitration against sovereign nations, parastatals and other semi-sovereign entities. In the slipstream came an increase in the number of cases in which such sovereigns resisted complying with judgments and arbitration awards, including awards from the World Bank’s International Centre for Settlement of Investment Disputes (ICSID). Winning an arbitration award against a sovereign does not necessarily mean that recovery will be successful.