2007
Mobil and Murphy v. Canada (I) Mobil Investments Canada Inc. and Murphy Oil Corporation v. Government of Canada (I) (ICSID Case No. ARB(AF)/07/4)
Canada
United States of America
Indirect controlling shareholding in two companies, Hibernia Management and Development Co. and Terra Nova Oil Development Project, engaged in two petroleum development projects off the coast of the Province of Newfoundland and Labrador in Canada.
Claims arising out of changes in the regulatory regime applicable to the exploitation of two oil fields located off the coast of Newfoundland and Labrador in which the claimants had invested; particularly, the imposition of research and development expenditure requirements by the Canadian province of Newfoundland.
Primary: B - Mining and quarrying
6 - Extraction of crude petroleum and natural gas
ICSID AF (ICSID Additional Facility)
ICSID (International Centre for Settlement of Investment Disputes)
van Houtte, H.
Janow, M.
Sands, P.
Decided in favour of investor
60.00 mln CAD (59.10 mln USD)
17.30 mln CAD (13.90 mln USD)
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Performance requirements
Performance requirements
Judicial review by national courts
Judicial review by national courts
Award/decision upheld