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<xTITLE>Switzerland Challenges All the Claims Against it in an Arbitration Proceeding at the ICSID</xTITLE>

Switzerland Challenges All the Claims Against it in an Arbitration Proceeding at the ICSID

by Indraneel Gunjal
August 2020 Indraneel Gunjal

On 17 August 2020 Switzerland found itself on the responding side of an arbitration claim at the International Centre for Settlement of Investment Disputes (ICSID) in Washington D.C.  This claim was originally filed on 29 May 2020, when a legal entity domiciled in the Seychelles islands and controlled by a Swiss citizen filed an arbitration claim against Switzerland at the ICSID. The Seychelles based legal entity relied on the provisions of the bilateral investment protection agreement between Switzerland and Hungary (the Swiss-Hungarian BIT) to file this claim. The legal entity has claimed to initiate these arbitration proceedings on behalf of three Italian nationals who supposedly suffered losses due to the urgent federal decree on a temporary prohibition of the resale of non-agricultural land passed by the Swiss Parliament in 1989.

For more information see the press release from the Swiss Government here.



Indraneel Gunjal is an attorney from India and an advanced degree graduate from Stanford Law School, Class of 2020 with a specialization in International Economic Law, Business & Policy. Before joining Stanford, he worked with the Trade Policy Division of the Department of Commerce, Government of India where he was a member of the legal team representing India in its inter-state trade and investment disputes, Free Trade Agreement (FTA) negotiations, and also tasked with formulating and reviewing its trade policy.

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