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REPORT on Compliance with Investment Treaty Arbitration Awards 2023 (2^nd updated edition)

Download the 2023 Report here.

Download the Summary of the 2023 Report here

International Rule of Law Compliance Index 2023

Ranking	Country Name	Number of unpaid awards	Total amount of unpaid Awards in USD
1	Venezuela	15	7.1 billion USD
2	Spain	15	1.3 billion USD
3	Russia	9	60.1 billion USD
4	Ukraine	4	142 million USD
5	Argentina	3	537 million USD
6	Kyrgyzstan	3	50 million USD
7	India	2	206 million USD
8	Italy	2	22 million USD
9	Ecuador	2	61 million USD
10	Kazakhstan	1	500 million USD
11	Czech Rep.	1	300 million USD
12	Croatia	1	184 million USD
13	Poland	1	9.3 million USD
14	Turkey	1	1.3 million USD
15	Hungary	0	–
16	Romania	0	–
17	Indonesia	0	–
18	Canada	0	–
19	Egypt	0	–
20	Libya	0	–

The table below, based on our Study, ranks the top 20 countries that have received adverse ISDS awards in terms of whether the country concerned has fulfilled its international law obligation to pay the award or not.

Updated Report concerning SPAIN’s Compliance with Investment Treaty Arbitration Awards 2023

We have updated Spain’s compliance with Investment Treaty Awards until June 2023.

Download the 2023 Spain Report here

Ranking on the basis of number of unpaid Awards in 2023

Ranking	Country Name	Number of unpaid Awards
1	Spain	15
2	Venezuela	15
3	Russia	9

Ranking on the basis of outstanding amounts of damages in 2023

Ranking	Country Name	Total amount in USD
1	Russia	60.1 billion
2	Venezuela	7.1 billion
3	Spain	1.3 billion

Ranking on the basis of number of initiated ECT disputes against Respondent States

Ranking	Country Name	Number of initiated ECT disputes
1	Spain	51
2	Italy	14
3	Romania	8

2022 Report on Compliance with Investment Treaty Arbitration Awards