Shell Philippines Exploration B.V. v. Republic of the Philippines (ICSID Case No. ARB/16/22)
Representing the Respondent in an ICSID investor-state arbitration concerning the single largest foreign investment in the Philippines' history, a deepwater natural gas project commonly referred to as the Malampaya Project. The dispute has been brought by the Shell Philippines Exploration B.V. ("Shell") to contest Commission on Audit notices issued to Shell (and the other members of the Malampaya Project consortium). Shell claims damages in the amount of approximately US$ 2.78 billion.