Investor-State Update: ICSID Annulment in Almasryia v. Kuwait Holds Lessons for Hotel and Hospitality Investors
In a first-of-its kind ruling, an ICSID ad hoc committee has annulled an investment treaty arbitration award issued under Rule 41(5), which allows expedited dismissal of claims that manifestly lack legal merit. We examine the rulings and consider the implications for the hotel and hospitality sector at large.