Chinese state-owned company moves forward with investment arbitration

With thanks to Investment Treaty News, here is another ICSID summary. 

The arbitration featured a Chinese State-owned enterprise (Beijing Urban Construction Group) that sought to sue Yemen over a failed airport construction project in that country.

The tribunal  has now issued its decision on jurisdiction, accepting that the SOE could pursue arbitration as an ‘Investor’ under the PRC-Yemen treaty. For details, please visit http://bit.ly/2CLVIo0