In this Issue:

- Ad Hoc Committee Takes Expansive View On Jurisdiction in Peru

- Enforcing Arbitral Awards Against States: Mixed Messages Across Europe

- Hong Kong Court Wades into Dispute on Enforcing Arbitral Awards in Mainland China

- The Tapie Saga: Tides Turn Against Bernard Tapie

- Italy: Avoiding Exposure by Withdrawing from the Energy Charter Treaty?

- Excerpt from Ad Hoc Committee Takes Expansive View On Jurisdiction in Peru: Early this year an ICSID ad hoc Committee (the Committee) rendered its Spanish-language decision on an annulment request submitted by the Republic of Peru (Peru). The underlying dispute addressed a US$25 million indirect expropriation claim presented by Tza Yap Shum (Tza), a Chinese national, whose Peruvian subsidiary, TSG del Perú S.A.C. (TSG), specialized in producing and exporting fish-based food products to Asian markets. The dispute arose from temporary measures which Peru’s Tax Authority (SUNAT) adopted directing all Peruvian banks to retain any funds passing through them in connection with TSG.