>Breaches found :
Manifest lack of legal merit - Rule 41(5) ICSID Arbitration Rules
>Case status :
Award rendered
>Year of registration :
2017
>Subject matter of the dispute: Claims arising out of the Government’s alleged failure to make a retention payment for the construction of two 254-megawatt electric power plants, and of unlawfully terminating the agreement relating to the refinery
>BIT Invoked: Turkey-Turkmenistan BIT
>Amount claimed:at least EUR 51,702,697.9 + USD 15,650,000
>Amount awarded: ZERO
>Costs of arbitration: USD 251,780.56
>Award legal costs: Respondent was awarded USD 857,210.7 (90% of legal costs)
>Award costs of arbitration: Costs follow the award
