Mamidoil Jetoil Greek Petroleum Products Societe Anonyme S.A. v. Albania, ICSID Case No. ARB/11/24

  • >Claimant : Mamidoil Jetoil Greek Petroleum Products, Societe Anonyme S.A.
  • >Nationality : Greece
  • >Respondent : Albania
  • >Procedural rules applied : ICSID
  • >Chair : Rolf Kniepper
  • >Arbitrator appointed by Claimant : Steven Hammond
  • >Arbitrator appointed by Respondent : Yas Banifatemi
  • >Invoked instruments : ECT and BIT
  • >Articles mentioned : Article 26 (8)
  • , Article 13 (1)
  • , Article 10 (1)
  • , Article 1 (6)
  • , Article 26
  • >Breaches alleged :  
  • >Breaches found : No breach
  • >Case status : Award rendered
  • >Year of the award or agreement : 2015
  • >Follow-on proceedings : ICSID annulment proceedings discontinued
  • >Year of registration : 2011

  • >Subject matter of the dispute: Government's decision affecting a 20 year lease contract and Privatization to build an oil container terminal in the Durres Port 
  • >BIT Invoked: Albania-Greece BIT
  • >Amount claimed: USD 23,090,000
  • >Amount awarded: ZERO
  • >Costs of arbitration: USD 844,990.46
  • >Award legal costs: Each party bears the costs of the arbitrator it has appointed, whereas the costs related to the chair and other costs are shared equally
  • >Award costs of arbitration: Each party bears its own costs 

 

ARBITRAL DECISIONS


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