The trend of cases being brought against developed countries continued in 2016, with the greatest number of newly registered cases brought against Western European states.
Spain was involved in the largest number of disputes (with ten new cases registered), followed by Italy (with four new cases registered). Egypt (with three new cases registered) was the only other country involved in more than two new cases.
The number of cases registered against South American states more than doubled in 2016, perhaps reflecting increasing instability in the region.
The cases involved a broad spread of economic sectors. The highest number of cases involved the electric power and other energy sector, representing 35 per cent of cases. This reflects the continued reliance by foreign investors on protections under the Energy Charter Treaty. The next most common sector involved in investment disputes was the oil, gas and mining sector, which was involved in 20 per cent of cases. Other sectors included construction, which was involved in nine per cent of cases, and information and communication, finance and transportation, which were each involved in seven per cent of cases.