According to the ICSID website, the first case registered in 2016 was an arbitration initiated by the global media company Al Jazeera against Egypt.
There have long been indications that Qatar-based Al Jazeera would seek compensation under the Qatar-Egypt bilateral investment treaty for injuries allegedly suffered since the Muslim Brotherhood was overthrown in 2013. In connection with the regime change, the new Egyptian government accused Al Jazeera of being a propaganda machine for the Brotherhood. The Financial Times reported on the dispute already in April 2014:
“The lawyers argue that by arresting and attacking Al Jazeera journalists, seizing the broadcaster’s property and jamming its signal, the Egyptian government has violated its rights as a foreign investor in the country and put the $90m it has invested in Egypt since 2001 at risk.”
It has been held that the arbitral tribunal to be appointed in the case will likely have to determine the extent to which media freedom is protected by the treaty. With this novel issue in the spotlight, the arbitration will likely be closely watched by the news media.