Cementownia "Nowa Huta" S.A. v. Republic of Turkey, ICSID Case No. ARB(AF)/06/2

  • >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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  • Flowchart              
  • >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: 4,648,157,411 USD
  • >Amount awarded: ZERO
  • >Costs of arbitration: 400,000.00 USD
  • >Award legal costs: Respondent’s legal fees: 4,904,822.06 USD (to be paid by the Claimant)
  • >Award costs of arbitration: Claimant pays Respondent`s contribution to the costs of proceedings

 

ARBITRAL DECISION

17 September 2009

Arbitral Award

 

 


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