Libananco Holdings Co. Limited v. Azerbaijan, ICSID Case No. ARB/06/8

  • >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: US$ 10.1 billion 
  • >Amount awarded: ZERO
  • >Costs of arbitration: US$ 1,205,000
  • >Award legal costs: Respondent  awarded US$ 15,000,000 legal fees 
  • >Award costs of arbitration: Claimant to pay arbitration costs

 

ARBITRAL DECISIONS

23 June 2008

Decision on Preliminary Issues

2 September 2011

Arbitral Award

 

 

ANNULMENT PROCEEDINGS

 


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