Europe Cement Investment and Trade S.A. v. Republic of Turkey, ICSID Case No. ARB(AF)/07/2

  • >Claimant : Europe Cement Investment and 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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  • Flowchart              
  • >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: 3.8 billion USD
  • >Amount awarded: ZERO 
  • >Costs of arbitration: 259,480 USD
  • >Award legal costs: Respondent was awarded 3,907,383.14 USD
  • >Award costs of arbitration: Claimant pays Respondent`s contribution to the costs of proceedings.

 

ARBITRAL DECISION

13 August 2009

Arbitral Award

 

 


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