As of 23/10/2019 there are 128 publicly known investment arbitration cases under the ECT (sometimes invoked together with a bilateral investment agreement). A full list with information is available here

Since parties to an investment arbitration under Article 26 ECT are not obliged to notify the Secretariat of the existence or substance of their dispute, some awards (and even the existence of some proceedings) remain confidential. The Secretariat compiles information (which cannot be considered as exhaustive) from delegates and public sources (including specialised reporting services such as Global Arbitration Review (GAR), Investment Arbitration Reporter (IAReporter) and ItaLaw). The Secretariat assumes no responsibility for eventual errors or omissions in these data and welcomes any additional information or clarification on specific cases (at legalaffairs@encharter.org or using the online contact form).

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There are 123 result(s)

  • > Claimant : AES Summit Generation Ltd.
  • > Nationality : UK
  • > Respondent : Hungary
  • > Procedural rules applied : ICSID
  • > Chair : Allan Philip
  • > Arbitrator appointed by Claimant : Prosper Weil
  • > Arbitrator appointed by Respondent : Francisco Orrego Vicuña
  • > Invoked instruments : ECT and BIT
  • > Case status : Settlement agreed
  • > Year of the award or agreement : 2002
  • > Year of registration : 2002

  • > Subject matter of the dispute: Claims arising out of Hungary's alleged failure to comply with a power purchase and sale agreement of certain State-owned power facilities
  • > BIT Invoked: Hungary - UK BIT
  • > Amount claimed: N/A
  • > Amount awarded: N/A 
  • > Costs of arbitration: N/A
  • > Award legal costs: N/A
  • > Award costs of arbitration: N/A  


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  •                        
  • Flowchart               Summary
  • > Subject matter of the dispute: Claims arising out of a dispute over the purchase price to be paid under a contract entered into between claimant's subsidiary and a State enterprise for the building of a cogeneration plant  
  • > Amount claimed: 7,097,680 Lats + 6% p.a.
  • > Amount awarded: 1,600,000 Lats 
  • > Costs of arbitration: 253,523.00 EUR
  • > Award legal costs: Claimant was awarded 2,000.000 SEK
  • > Award costs of arbitration: Parties share costs equally

 

ARBITRAL DECISION

 


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  •                        
  • Flowchart               
  • > Subject matter of the dispute: Claims arising out of a dispute over the purchase price to be paid under a contract entered into between claimant's subsidiary and a State entreprise for the building of a cogeneration plant 
  • > BIT invoked: Bulgria-Cyprus BIT
  • > Amount claimed: 146,120,152 USD+ interest at comm. Rate
  • > Amount awarded: ZERO
  • > Costs of arbitration: 253,523.00 EUR
  • > Award legal costs: Respondent was awarded 7,460,000 USD
  • > Award costs of arbitration: Costs follow the award

 

ARBITRAL DECISIONS

8 February 2005

Decision on Jurisdiction

6 September 2005

Order Provisionnal Measures

27 August 2008

Arbitral Award 

 

 


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  •                        
  • Flowchart              
  • >  Subject matter of the dispute: Claims arising out of the non-payment of certain deliveries under the gas supply contract, followed by the stay of execution of a debt judgment in favour of the claimant, and a presidential decree pursuant to which the investor's contractual counterparty was restructured and subsequently declared bankrupt
  • >  Amount claimed: 4,084,652.20 USD + interest acc. UNIDROIT
  • >  Amount awarded: 1,130,859 USD + interest acc. UNIDROIT
  • >  Costs of arbitration: 147,774 EUR+ 16,458 SEK
  • >  Award legal costs: Each party bears its own legal costs
  • >  Award costs of arbitration: Parties share costs equally
  • >  Related award: On 13 February 2003 an arbitral tribunal constituted under the UNCITRAL Rules rendered its award on the basis of the Kyrgyz Foreign Investment Law. The award was partially annulled by the Swedish Supreme Court in 2008. This award is not related to the ECT.

 

ARBITRAL DECISION


ANNULMENT PROCEEDINGS

 


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  • > Claimant : Alstom Power Italia, SpA Alstom SpA
  • > Nationality : Italy
  • > Respondent : Mongolia
  • > Procedural rules applied : ICSID
  • > Chair : Marc Lalonde
  • > Arbitrator appointed by Claimant : Jan Paulsson
  • > Arbitrator appointed by Respondent : Anthony Mason
  • > Invoked instruments : ECT and BIT
  • > Case status : Settlement agreed
  • > Year of the award or agreement : 2006
  • > Year of registration : 2004

  • > Subject matter of the dispute: Claims arising out of disagreements between the investor and local authorities over works to be performed under a contract for the refurbishment of a thermal electric station 
  • > BIT invoked: Italy-Mongolia BIT
  • > Amount claimed: N/A
  • > Amount awarded: N/A
  • > Costs of arbitration: N/A
  • > Award legal costs: N/A
  • > Award costs of arbitration: N/A


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  • > Claimant : Yukos Universal Ltd
  • > Nationality : UK (Isle of Man)
  • > Respondent : Russian Federation
  • > Procedural rules applied : UNCITRAL (PCA)
  • > Chair : Yves Fortier
  • > Arbitrator appointed by Claimant : Charles Poncet
  • > Arbitrator appointed by Respondent : Stephen Schwebel
  • > Invoked instruments : ECT
  • > Articles mentioned : Article 21 (1)
  • , Article 26 (1)
  • , Article 26 (6)
  • , Article 21 (7)
  • , Article 21 (5)
  • , Article 17 (1)
  • , Article 10 (7)
  • , Article 10 (3)
  • , Article 10 (1)
  • , Article 7 (10)
  • , Article 1 (2)
  • , Article 1 (6)
  • , Article 1 (7)
  • , Article 13
  • , Article 32
  • , Article 39
  • , Article 45
  • > Breaches alleged :  
  • > Breaches found : (13.1) Indirect expropriation
  • > Case status : Award rendered
  • > Year of the award or agreement : 2014
  • > Follow-on proceedings : Pending national court decision on annulment
  • > Year of registration : 2005

  • > Subject matter of the dispute: Claims arising out of the Government’s alleged illegal expropriation of claimant’s investments in Yukos Oil Company.
  • > Amount claimed: 114.174 billion USD
  • > Amount awarded: 1,846,000,687 USD
  • > Costs of arbitration: 156,476 EUR
  • > Award legal costs: Claimant was awarded USD 2,214,277
  • > Award costs of arbitration: Costs follow the award

 

ARBITRAL DECISIONS

 

ANNULMENT PROCEEDINGS

  • Currently, the Court of Appeal of The Hague is considering whether to reinstate the award.

 

ENFORCEMENT PROCEEDINGS (Belgium - France - United States)

 


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  • > Claimant : Hulley Enterprises Ltd
  • > Nationality : Cyprus
  • > Respondent : Russian Federation
  • > Procedural rules applied : UNCITRAL (PCA)
  • > Chair : Yves Fortier
  • > Arbitrator appointed by Claimant : Charles Poncet
  • > Arbitrator appointed by Respondent : Stephen Schwebel
  • > Invoked instruments : ECT
  • > Articles mentioned : Article 21 (1)
  • , Article 26 (1)
  • , Article 26 (6)
  • , Article 21 (7)
  • , Article 21 (5)
  • , Article 17 (1)
  • , Article 10 (7)
  • , Article 10 (3)
  • , Article 10 (1)
  • , Article 7 (10)
  • , Article 1 (1)
  • , Article 1 (2)
  • , Article 1 (7)
  • , Article 13
  • , Article 32
  • , Article 39
  • , Article 45
  • > Breaches alleged :  
  • > Breaches found : (13.1) Indirect expropriation
  • > Case status : Award rendered
  • > Year of the award or agreement : 2014
  • > Follow-on proceedings : Pending national court decision on annulment
  • > Year of registration : 2005

  • Subject matter of the dispute: Claims arising out of the Government’s alleged illegal expropriation of claimant’s investments in Yukos Oil Company.
  • Amount claimed: 114.174 billion USD
  • Amount awarded: 39,971,834,360 USD
  • Costs of arbitration: 3,388,197 EUR
  • Award legal costs: Claimant was awarded 47,946,190 USD
  • Award costs of arbitration: Costs follow the award


ARBITRAL DECISIONS


ANNULMENT PROCEEDINGS

  • Currently, the Court of Appeal of The Hague is considering whether to reinstate the award.


ENFORCEMENT PROCEEDINGS (Belgium - France - United States)


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  • > Claimant : Veteran Petroleum Trust
  • > Nationality : Cyprus
  • > Respondent : Russian Federation
  • > Procedural rules applied : UNCITRAL (PCA)
  • > Chair : Yves Fortier
  • > Arbitrator appointed by Claimant : Charles Poncet
  • > Arbitrator appointed by Respondent : Stephen Schwebel
  • > Invoked instruments : ECT
  • > Articles mentioned : Article 21 (1)
  • , Article 26 (1)
  • , Article 26 (6)
  • , Article 21 (7)
  • , Article 21 (5)
  • , Article 17 (1)
  • , Article 10 (7)
  • , Article 10 (3)
  • , Article 10 (1)
  • , Article 1 (2)
  • , Article 1 (6)
  • , Article 1 (7)
  • , Article 13
  • , Article 32
  • , Article 39
  • , Article 45
  • > Breaches alleged :  
  • > Breaches found : (13.1) Indirect expropriation
  • > Case status : Award rendered
  • > Year of the award or agreement : 2014
  • > Follow-on proceedings : Pending national court decision on annulment
  • > Year of registration : 2005

  • > Subject matter of the dispute: Claims arising out of the Government’s alleged illegal expropriation of claimant’s investments in Yukos Oil Company.
  • > Amount claimed: 114.174 billion USD
  • > Amount awarded: 8,203,032,751 USD
  • > Costs of arbitration: 695,327 EUR
  • > Award legal costs: Claimant was awarded 9,839,533 USD
  • > Award costs of arbitration: Costs follow the award

 

ARBITRAL DECISIONS

 

ANNULMENT PROCEEDINGS

  • Currently, the Court of Appeal of The Hague is considering whether to reinstate the award.

 

ENFORCEMENT PROCEEDINGS (Belgium - France - United States)


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  • > Claimant : Ioannis Kardassopoulos
  • > Nationality : Greece
  • > Respondent : Georgia
  • > Procedural rules applied : ICSID
  • > Chair : Yves Fortier
  • > Arbitrator appointed by Claimant : Francisco Orrego Vicuña
  • > Arbitrator appointed by Respondent : Vaughan Lowe (Arthur Watts replaced)
  • > Invoked instruments : ECT and BIT
  • > Articles mentioned : Article 45 (2)
  • , Article 45 (1)
  • , Article 1 (2)
  • , Article 1 (6)
  • , Article 1 (7)
  • , Article 13
  • , Article 26
  • , Article 44
  • > Breaches alleged :  
  • > Breaches found : (13) Direct expropriation
  • (10.1) Fair & Equitable Treatment
  • > Case status : Award rendered
  • > Year of the award or agreement : 2010
  • > Follow-on proceedings : ICSID annulment & revision proceedings discontinued
  • > Year of registration : 2010

  •                        
  • Flowchart               
  • > Subject matter of the dispute: Government's decree cancelling the concession rights of an investment vehicle, in which the investor held interests, devoted to the development of an oil pipeline to transport oil and gas from Azerbaijan to the Black Sea.
  • > BIT invoked: Georgia-Greece BIT
  • > Amount claimed: N/A
  • > Amount awarded: 15.1 million USD (for  breach) + 30,024,736.83 USD (interest) + interest 
  • > Costs of arbitration: Not specified 
  • > Award legal costs: Claimant awarded total amount 7,942,297.00 USD (including arbitration costs)
  • > Award costs of arbitration: Costs follow the award

 

ARBITRAL DECISIONS

3 March 2010

Arbitral Award 

6 July 2007

Decision on jurisdiction

 

ANNULMENT PROCEEDINGS


ENFORCEMENT PROCEEDINGS

 


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  •                        
  • Flowchart              
  • > Subject matter of the dispute: Claims arising out of the bankruptcy of the Zaporozhskaya nuclear power plant and its default under contracts to claimant's subsidiary for maintenance works carried out at such plant; particularly, the alleged prevention by Ukrainian bankruptcy law and the conduct of these bankruptcy proceedings from enforcing several court orders obtained by claimant's subsidiary against the State-owned company 
  • > Amount claimed: 15,594,096 EUR + 8% p.a.
  • > Amount awarded: ZERO
  • > Costs of arbitration: 371,175.75 EUR
  • > Award legal costs: Each party bears its own legal costs
  • > Award costs of arbitration: Each party bears its own legal costs

 

ARBITRAL DECISION

 

26 March 2008

Arbitral Award 

 


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