Khan Resources Inc., Khan Resources B.V., Cauc Holding Company Ltd. v. Mongolia, UNCITRAL

  • >Claimant : Khan Resources Inc.; Khan Resources B.V.; Cauc Holding Company Ltd.
  • >Nationality : Canada, Netherlands, British Virgin Islands
  • >Respondent : Mongolia
  • >Procedural rules applied : UNCITRAL (PCA)
  • >Chair : David Williams
  • >Arbitrator appointed by Claimant : Yves Fortier
  • >Arbitrator appointed by Respondent : Bernard Hanotiau
  • >Invoked instruments : ECT and domestic investment law
  • ECT
  • >Articles mentioned : Article 17 (1)
  • , Article 10 (12)
  • , Article 10 (7)
  • , Article 10 (1)
  • , Article 1 (7)
  • , Article 2
  • , Article 13
  • , Article 26
  • , Article 46
  • >Breaches alleged :  
  • >Breaches found :(10.1) Umbrella clause
  • >Case status : Award rendered
  • >Year of the award or agreement : 2015
  • >Follow-on proceedings : Pending national court decision on annulment
  • >Year of registration : 2011

  • >Subject matter of the dispute: Claims arising out of Mongolia’s cancellation of claimant's mining and exploration licenses for a uranium deposit
  • >AInvoked instruments: ECT and Foreign Investment Law of Mongolia
  • >Amount claimed: USD 326 million
  • >Amount awarded: USD 80 million
  • >Costs of arbitration: EUR 634,882.37
  • >Award legal costs: Claimant was awarded USD 9,074,143.51
  • >Award costs of arbitration: Costs follow the award

 

ARBITRAL DECISIONS


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