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  • > Subject matter of the dispute: Claims arising out of a dispute between the investor and Slovenia concerning the ownership and operation of the Krško nuclear power plant; particularly, alleged losses resulting from Slovenia's failure to resume electricity deliveries during a certain time period
  • > Invoked instruments: ECT and Croatia-Slovenia Agreement on Regulation of the Status and Other Legal Relations Regarding the Investment, Use, and Dismantling of Nuclear Power Plant Krško ("2001 Agreement")
  • > Amount claimed: EUR 29,472,307
  • > Amount awarded: ZERO*
  • > Costs of arbitration: EUR 563,214.01 advanced by respondent; claimant's advancement and total costs are not specified    
  • > Award legal costs: Claimant was awarded USD 10,000,000 (including arbitration costs)
  • > Award costs of arbitration: Costs follow the award with an exception of the damage expert's fees shared equally   

 

ARBITRAL DECISIONS

* The claimant pleaded liability of Slovenia and sought same monetary relief based on two alternative legal bases: (i) 2001 Agreement; and (ii) ECT. Having found Slovenia liable under the 2001 Agreement, the tribunal dismissed alternative claim under the ECT. 


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  • > Claimant : Libananco Holdings Co. Limited
  • > Nationality : Cyprus
  • > Respondent : Turkey
  • > Procedural rules applied : ICSID
  • > Chair : Michael Hwang
  • > Arbitrator appointed by Claimant : Henri Álvarez
  • > Arbitrator appointed by Respondent : Franklin Berman
  • > Invoked instruments : ECT
  • > Articles mentioned : Article 26 (1)
  • , Article 26 (3)
  • , Article 24 (3)
  • , Article 10 (1)
  • , Article 1 (6)
  • , Article 1 (7)
  • , Article 7
  • , Article 13
  • , Article 17
  • , Article 26
  • , Article 45
  • , Article 46
  • > Breaches alleged :  
  • > Breaches found : No jurisdiction under ECT
  • > Case status : Award rendered
  • > Year of the award or agreement : 2011
  • > Follow-on proceedings : Award upheld by ICSID annulment committee
  • > Year of registration : 2006

  • > Subject matter of the dispute: Claims arising out of the seizure of two utility companies in respect of which the claimant held shares and the cancellation of electricity generation and distribution concession agreements 
  • > Amount claimed: USD 10.1 billion 
  • > Amount awarded: ZERO
  • > Costs of arbitration: USD 1,205,000
  • > Award legal costs: Respondent was awarded USD 15,000,000 
  • > Award costs of arbitration: Costs follow the award

 

ARBITRAL DECISIONS

23 June 2008

Decision on Preliminary Issues

2 September 2011

Arbitral Award

7 May 2012 - Decision on Applicant's Request for Provisional Measures

7 May 2012 - Decision on Applicant's Request for a Continued Stay of Enforcement of the Award

 

ANNULMENT PROCEEDINGS


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  • > Subject matter of the dispute: Claims arising out of Azpetrol International Holdings’s loss of its shares in local companies, after an Azerbaijan court decided the original purchase contract had been ineffective, and returned the shares to their former owner
  • > Amount claimed: Not specified
  • > Amount awarded: ZERO
  • > Costs of arbitration: Not specified
  • > Award legal costs: Each party bears its own legal costs
  • > Award costs of arbitration: Each party bears its own legal costs

 

ARBITRAL DECISION

8 September 2009

Arbitral Award

 


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  • > Claimant : Barmek Holding A.S.
  • > Nationality : Turkey
  • > Respondent : Azerbaijan
  • > Procedural rules applied : ICSID
  • > Chair : Vaughan Lowe
  • > Arbitrator appointed by Claimant : Peter Galbraith
  • > Arbitrator appointed by Respondent : Brigitte Stern
  • > Invoked instruments : ECT
  • > Breaches alleged :  
  • > Case status : Settlement agreed
  • > Year of the award or agreement : 2009
  • > Year of registration : 2006

  • > Subject matter of the dispute: Alleged breach of a contract to provide electricity services in the cities of Baku and Sumgayit for 25 years, which in turn led to criminal accusations against Barmek's managers for embezzlement, “abuse of office” and the illegal sale of electricity
  • > Amount claimed: USD 460 million
  • > 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 : Cementownia "Nowa Huta" S.A.
  • > Nationality : Poland
  • > Respondent : Turkey
  • > Procedural rules applied : ICSID Additional Facility
  • > Chair : Pierre Tercier
  • > Arbitrator appointed by Claimant : Marc Lalonde
  • > Arbitrator appointed by Respondent : Christopher Thomas
  • > Invoked instruments : ECT
  • > Articles mentioned : Article 17 (1)
  • , Article 10 (1)
  • , Article 1 (6)
  • , Article 1 (7)
  • , Article 13
  • , Article 26
  • , Article 44
  • > Breaches alleged :  
  • > Breaches found : No jurisdiction under ECT
  • > Case status : Award rendered
  • > Year of the award or agreement : 2009
  • > Year of registration : 2006

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  • > Subject matter of the dispute: Claims arising out of the alleged unilateral termination of certain concession agreements, followed by the alleged seizure and expropriation of assets of the two hydroelectric plants in which the claimant had invested without compensation 
  • > Amount claimed: USD 4,648,157,411
  • > Amount awarded: ZERO
  • > Costs of arbitration: USD 400,000
  • > Award legal costs: Respondent was awarded USD 4,904,822.06
  • > Award costs of arbitration: Costs follow the award

 

ARBITRAL DECISION

17 September 2009

Arbitral Award

 


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  • > Claimant : Europe Cement Investment & Trade S.A.
  • > Nationality : Poland
  • > Respondent : Turkey
  • > Procedural rules applied : ICSID Additional Facility
  • > Chair : Donald McRae
  • > Arbitrator appointed by Claimant : Julian Lew
  • > Arbitrator appointed by Respondent : Laurent Lévy
  • > Invoked instruments : ECT
  • > Articles mentioned : Article 26 (1)
  • , Article 10 (1)
  • , Article 13
  • > Breaches alleged :  
  • > Breaches found : No jurisdiction under ECT
  • > Case status : Award rendered
  • > Year of the award or agreement : 2009
  • > Year of registration : 2007

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  • > Subject matter of the dispute: Claims arising out of the seizure of two utility companies in respect of which the claimant held shares and the cancellation of electricity generation and distribution concession agreements 
  • > Amount claimed: USD 3.8 billion
  • > Amount awarded: ZERO 
  • > Costs of arbitration: USD 259,480
  • > Award legal costs: Respondent was awarded USD 3,907,383.14
  • > Award costs of arbitration: Costs follow the award

 

ARBITRAL DECISION

13 August 2009

Arbitral Award

 


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  • > Claimant : Liman Caspian Oil B.V., NCL Dutch Investment B.V.
  • > Nationality : Netherlands, Netherlands
  • > Respondent : Kazakhstan
  • > Procedural rules applied : ICSID
  • > Chair : Karl-Heinz Böckstiegel
  • > Arbitrator appointed by Claimant : Kaj Hobér
  • > Arbitrator appointed by Respondent : James Crawford
  • > Invoked instruments : ECT
  • > Articles mentioned : Article 17 (1)
  • , Article 10 (1)
  • , Article 13
  • , Article 26
  • > Breaches alleged :  
  • > Breaches found : No breach
  • > Case status : Award rendered
  • > Year of the award or agreement : 2010
  • > Year of registration : 2007

  • > Subject matter of the dispute: Claims arising out of the transfer of claimants' license to explore and extract hydrocarbons
  • > Amount claimed: Not specified
  • > Amount awarded: ZERO
  • > Costs of arbitration: Not specified
  • > Award legal costs: Each party bears its own legal costs
  • > Award costs of arbitration: Parties share costs equally 

 

ARBITRAL DECISION


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  • > Subject matter of the dispute: Hungary's termination of a power purchase agreement concluded with the investor, allegedly as part of the State's program for liberalizing its electricity market to comply with EU laws on State aid
  • > Amount claimed: N/A
  • > Amount awarded: ZERO
  • > Costs of arbitration: Not specified
  • > Award legal costs: Each party bears its own legal costs
  • > Award costs of arbitration: Costs follow the award

 

ARBITRAL DECISIONS

25 February 2008 - Decision on the Claimant's Proposal to Disqualify a Member of the Tribunal


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  • > Claimant : AES Summit Generation Ltd., AES-Tisza Eromü Kft.
  • > Nationality : UK, Hungary
  • > Respondent : Hungary
  • > Procedural rules applied : ICSID
  • > Chair : Claus von Wobeser
  • > Arbitrator appointed by Claimant : William Rowley
  • > Arbitrator appointed by Respondent : Brigitte Stern
  • > Invoked instruments : ECT
  • > Articles mentioned : Article 45 (2)
  • , Article 26 (1)
  • , Article 26 (3)
  • , Article 26 (5)
  • , Article 26 (6)
  • , Article 26 (7)
  • , Article 16 (1)
  • , Article 13 (1)
  • , Article 10 (7)
  • , Article 10 (1)
  • , Article 1 (6)
  • , Article 13
  • , Article 16
  • , Article 26
  • > Breaches alleged :  
  • > Breaches found : No breach
  • > Case status : Award rendered
  • > Year of the award or agreement : 2010
  • > Follow-on proceedings : Award upheld by ICSID annulment committee
  • > Year of registration : 2007

  • > Subject matter of the dispute: Government's reintroduction of administrative pricing pursuant to two Price Decrees (after administrative prices had been abolished), and the alleged resulting loss of revenue for the investor
  • > Amount claimed: Not specified
  • > Amount awarded: None
  • > Costs of arbitration: USD 887,839.04
  • > Award legal costs: Each party bears its own costs
  • > Award costs of arbitration: Parties share costs equally

 

ARBITRAL DECISION

 

23 September 2010  

Award

30 October 2008 - Expert Opinion of Professor Piet Eeckhout

ANNULMENT PROCEEDINGS


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  • > Subject matter of the dispute: Alleged government's failure to ensure the issuance of licenses pursuant to several hydrocarbon exploration agreements concluded with Tajikistan's State Committee for Oil and Gas 
  • > Amount claimed: USD 228,460,000
  • > Amount awarded: ZERO
  • > Costs of arbitration: EUR 524,977 EUR + SEK 8,125
  • > Award legal costs: Claimant was awarded EUR 300,000
  • > Award costs of arbitration: Respondent bears 75% of the costs 

 

ARBITRAL DECISIONS


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