• > Claimant : Türkiye Petrolleri Anonim Ortakligi
• > Nationality : Turkey
• > Respondent : Kazakhstan
• > Procedural rules applied : ICSID
• > Chair : Donald McRae
• > Arbitrator appointed by Claimant : Charles Brower
• > Arbitrator appointed by Respondent : Brigitte Stern
• > Invoked instruments : ECT and BIT RU
• > Case status : Settlement agreed
• > Year of the award or agreement : 2014
• > Year of registration : 2011

• > Subject matter of the dispute: Government's measures allegedly affecting claimant's investment in an oil exploration and production joint venture which held exploration and production activities in seven oil fields 
• > BIT invoked: Kazakstan-Turkey BIT
• > Amount claimed: N/A
• > Amount awarded: N/A 
• > Costs of arbitration: N/A
• > Award legal costs: N/A
• > Award costs of arbitration: N/A  

• > 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 RU
• > Articles mentioned : Article 26 (8)
• , Article 13 (1)
• , Article 10 (1)
• , Article 1 (6)
• , Article 26
• > Breaches alleged :  
  • (10.1) Fair and equitable treatment
• > Breaches alleged :
  • (10.1) Unreasonable or discriminatory measures
• > Breaches alleged :
  • (10.1) Most constant protection and security
• > Breaches alleged :
  • (13.1) Expropriation
• > Breaches found : No breach
• > Case status : Award rendered
• > Year of the award or agreement : 2015
• > Follow-on proceedings : ICSID annulment proceeding 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

• > Claimant : Mercurio Solar S.à.r.l.; Tyche Solar S.à.r.l.; Ampere Equity Fund B.V.; Element Power Holdings B.V.; MEIF Luxembourg Renewables S.à.r.l.; Impax Solar Investment S.à.r.l.; Impax New Energy Investors S.C.A.; WOC Photovoltaik Portfolio GmbH &Co. KG; NIBC European Infrastructure Fund I C.V.; Equitix Innova Infrastructure Investments Holding I B.V.; Alesund, Christiansund S.à.r.l. & Cie S.C.A.; Shulaya, Trier SG S.à.r.l. & Cie S.C.A.; ASE C.V.; AES Solar Energy Coöperatief U.A.; Silver Ridge Power Holdings B.V.; Silver Ridge Power B.V.; Vela Energy Power España I B.V.; Vela Energy Power España II B.V.; Eoxis B.V.; Eoxis Holding S.A.; MPC Solarpark GmbH & Co. KG; Ceconat Energy GmbH; REI Renewable Energy International, S.à.r.l.; Roland Schumann; InfraClass Energie 4 GmbH & Co. KG; ESPF Beteiligungs GmbH; La Solana 1-60 S.L. (60 entities); AES Solar España Finance S.L.; AES Solar España I B.V. y CIA S.C.
• > Nationality : Luxembourg, Netherlands, Germany, Spain
• > Respondent : Spain
• > Procedural rules applied : UNCITRAL (PCA)
• > Chair : Gabrielle Kaufmann-Kohler
• > Arbitrator appointed by Claimant : Charles Brower
• > Arbitrator appointed by Respondent : Bernardo Sepúlveda-Amor
• > Invoked instruments : ECT
• > Articles mentioned : Article 26 (1)
• , Article 26 (2)
• , Article 26 (3)
• , Article 26 (4)
• , Article 26 (6)
• , Article 26 (7)
• , Article 26 (8)
• , Article 13 (1)
• , Article 10 (7)
• , Article 10 (4)
• , Article 10 (1)
• , Article 1 (2)
• , Article 1 (3)
• , Article 1 (6)
• , Article 1 (7)
• , Article 1 (10)
• , Article 2
• , Article 10
• , Article 12
• , Article 13
• , Article 16
• , Article 21
• , Article 22
• , Article 26
• , Article 27
• > Breaches alleged :  
  • (10.1) Fair and equitable treatment
• > Breaches alleged :
  • (10.1) Unreasonable or discriminatory measures
• > Breaches alleged :
  • (10.1) Stable, equitable, favourable and transparent conditions
• > Breaches alleged :
  • (10.1) Most constant protection and security
• > Breaches found : (10.1) Fair and equitable treatment
• > Case status : Award rendered but investors renounced their right to collect damages
• > Year of the award or agreement : 2020
• > Year of registration : 2011

• > Subject matter of the dispute: Legal reforms affecting the renewable energy sector
• > Amount claimed: EUR 1.16 billion
• > Amount awarded: EUR 91.1 million
• > Valuation method: income-based approach (discounted cash flow)
• > Interest rate: host State's sovereign bonds (10-year)
• > Costs of arbitration: EUR 442,152.22 (jurisdiction) and EUR 2,467,847.78 (pre-jurisdiction and merits)  
• > Award legal costs: Each party bears its own legal costs
• > Award costs of arbitration: Parties share costs equally 

ARBITRAL DECISIONS

ANNULMENT PROCEEDINGS

• > Claimant : Slovak Gas Holding B.V.; GDF International SAS; E.ON Ruhrgas International GmbH
• > Nationality : Netherlands, France, Germany
• > Respondent : Slovak Republic
• > Procedural rules applied : ICSID
• > Chair : Toby Landau
• > Arbitrator appointed by Claimant : Zachary Douglas
• > Arbitrator appointed by Respondent : Christopher Thomas
• > Invoked instruments : ECT
• > Case status : Settlement agreed
• > Year of the award or agreement : 2013
• > Year of registration : 2012

• > Subject matter of the dispute: Legal reforms affecting price regulation in the gas sector that were allegedly in contravention of certain shareholder's agreement concluded between the claimants and Slovakia
• > Amount claimed: N/A
• > Amount awarded: N/A 
• > Costs of arbitration : N/A
• > Award legal costs: Each party bears its own legal costs 
• > Award costs of arbitration: Parties share costs equally

ARBITRAL DECISION

• > Claimant : Charanne B.V., Constructions Investments S.à.r.l
• > Nationality : Netherlands, Luxembourg
• > Respondent : Spain
• > Procedural rules applied : SCC
• > Chair : Alexis Mourre
• > Arbitrator appointed by Claimant : Guido Santiago Tawil
• > Arbitrator appointed by Respondent : Claus von Webeser
• > Invoked instruments : ECT
• > Breaches alleged :  
  • (10.1) Fair and equitable treatment
• > Breaches alleged :
  • (10.12) Effective means for the assertion of claims and the enforcement of rights
• > Breaches alleged :
  • (13.1) Expropriation
• > Breaches found : No breach
• > Case status : Award rendered
• > Year of the award or agreement : 2016
• > Year of registration : 2012

• > Subject matter of the dispute: Legal reforms affecting the renewable energy sector
• > Amount claimed: EUR 17.831 million
• > Amount awarded: ZERO
• > Costs of arbitration: EUR 269,208.29 and USD 10,310
• > Award legal costs: Respondent was awarded EUR 1,176,181.31
• > Award costs of arbitration: Parties share costs equally

ARBITRAL DECISIONS

21 January 2016 - Final Award and Dissenting Opinion of Prof. Guido Santiago Tawil (unofficial translation by Mena Chambers)

• > Claimant : Vattenfall AB; Vattenfall GmbH; Vattenfall Europe Nuclear Energy GmbH; Kernkraftwerk Krümmel GmbH & Co. oHG; Kernkraftwerk Brunsbüttel GmbH & Co. oHG
• > Nationality : Sweden, Germany, Germany, Germany, Germany
• > Respondent : Germany
• > Procedural rules applied : ICSID
• > Chair : Albert Jan van den Berg
• > Arbitrator appointed by Claimant : Charles N. Brower (Daniel Price replaced)
• > Arbitrator appointed by Respondent : Vaughan Lowe
• > Invoked instruments : ECT
• > Case status : Settlement agreed
• > Year of the award or agreement : 2021
• > Year of registration : 2012

• > Subject matter of the dispute: Thirteenth Amendment of Atomic Energy Act regarding the phase-out of nuclear power plants in Germany by 2022
• > Amount claimed: EUR 4.3 billion
• > Amount awarded: ZERO
• > Costs of arbitration: N/A
• > Award legal costs: Each party bears its own legal costs 
• > Award costs of arbitration: Parties share costs equally

ARBITRAL DECISIONS

• > Claimant : State Enterprise Energorynok
• > Nationality : Ukraine
• > Respondent : Moldova
• > Procedural rules applied : SCC
• > Chair : Nancy Turck
• > Arbitrator appointed by Claimant : Joseph Tirado
• > Arbitrator appointed by Respondent : Rolf Knieper
• > Invoked instruments : ECT
• > Articles mentioned : Article 10 (12)
• , Article 10 (1)
• , Article 1 (5)
• , Article 1 (6)
• , Article 1 (7)
• , Article 13
• , Article 26
• > Breaches alleged :  
  • (10.1) Fair and equitable treatment
• > Breaches alleged :
  • (10.12) Effective means for the assertion of claims and the enforcement of rights
• > Breaches alleged :
  • (13.1) Expropriation
• > Breaches found : No jurisdiction under ECT
• > Case status : Award rendered
• > Year of the award or agreement : 2015
• > Year of registration : 2012

• > Subject matter of the dispute: Government's alleged responsibility for its judiciary in claimant's collection of a debt against a company owned by Moldova's Ministry of Energy concerning electricity supply
• > Amount claimed: USD 1,745,754.84 
• > Amount awarded: ZERO
• > Costs of arbitration: EUR 134,806.89 + SEK 212,717.13
• > Award legal costs: Each party bears its own legal costs 
• > Award costs of arbitration: Parties share costs equally

ARBITRAL DECISION

• > Claimant : Yukos Capital SARL
• > Nationality : Luxembourg
• > Respondent : Russian Federation
• > Procedural rules applied : UNCITRAL (PCA)
• > Chair : Campbell McLachlan
• > Arbitrator appointed by Claimant : William Rowley
• > Arbitrator appointed by Respondent : Brigitte Stern
• > Invoked instruments : ECT
• > Articles mentioned : Article 45 (6)
• , Article 45 (3)
• , Article 45 (2)
• , Article 45 (1)
• , Article 26 (2)
• , Article 26 (3)
• , Article 26 (4)
• , Article 26 (6)
• , Article 26 (8)
• , Article 17 (1)
• , Article 13 (1)
• , Article 13 (2)
• , Article 10 (7)
• , Article 1 (2)
• , Article 1 (5)
• , Article 1 (6)
• , Article 1 (7)
• , Article 1 (8)
• , Article 1 (9)
• , Article 1 (10)
• , Article 1
• , Article 2
• , Article 13
• , Article 17
• , Article 26
• , Article 32
• , Article 38
• , Article 39
• , Article 44
• , Article 45
• , Article 46
• > Breaches alleged :  
  • (10.1) Fair and equitable treatment
• > Breaches alleged :
  • (13.1) Expropriation
• > Breaches found : (13.1) Expropriation
• > Case status : Award rendered
• > Year of the award or agreement : 2021
• > Follow-on proceedings : Pending national court decision on annulment
• > Year of registration : 2013

• > Subject matter of the dispute: Claims arising out of the Government’s alleged illegal expropriation of claimant’s investments in Yukos Oil Company
• > Amount claimed: USD 2,697,000,000 (loan principal) + contractual interest under loan agreement
• > Amount awarded: USD 2,630,706,272.17 + contractual interest under loan agreement
• > Valuation method: actual investment (loan principal + contractual interest under loan agreement)
• > Interest rate: RUB commmercial lending rate (3-month) + 1%; LIBOR (6-month) + 1%
• > Costs of arbitration: EUR 3,115,016.84
• > Award legal costs: Claimant was awarded USD 20,552,462.46
• > Award costs of arbitration: Costs follow the award

ARBITRAL DECISIONS

ANNULMENT PROCEEDINGS (INTERIM AWARD ON JURISDICTION)

• > Claimant : Antaris Solar GmbH, Dr. Michael Göde
• > Nationality : Germany, Germany
• > Respondent : Czech Republic
• > Procedural rules applied : UNCITRAL (PCA)
• > Chair : Lawrence Collins
• > Arbitrator appointed by Claimant : Gary Born (Doak Bishop replaced)
• > Arbitrator appointed by Respondent : Peter Tomka
• > Invoked instruments : ECT
• > Articles mentioned : Article 21 (7)
• , Article 10 (1)
• , Article 26
• > Breaches found : No breach
• > Case status : Award rendered
• > Year of the award or agreement : 2018
• > Year of registration : 2013

• > Subject matter of the dispute: Legal reforms affecting the renewable energy sector
• > BIT invoked: Germany-Czech Republic BIT 
• > Amount claimed: CZK 306.53 million
• > Amount awarded: ZERO
• > Costs of arbitration: redacted
• > Award legal costs: Respondent was awarded USD 1.75 million
• > Award costs of arbitration: Claimants bear 2/3 of the costs

ARBITRAL DECISIONS

• > Claimant : Voltaic Network GmbH
• > Nationality : Germany
• > Respondent : Czech Republic
• > Procedural rules applied : UNCITRAL (PCA)
• > Chair : Hans van Houtte
• > Arbitrator appointed by Claimant : John Beechey (Gary Born and Doak Bishop replaced)
• > Arbitrator appointed by Respondent : Toby Landau
• > Invoked instruments : ECT and BIT RU
• > Articles mentioned : Article 26 (1)
• , Article 26 (6)
• , Article 21 (7)
• , Article 21 (5)
• , Article 10 (1)
• , Article 1 (6)
• , Article 2
• , Article 16
• , Article 21
• , Article 26
• > Breaches alleged :  
  • (10.1) Fair and equitable treatment
• > Breaches alleged :
  • (10.1) Unreasonable or discriminatory measures
• > Breaches alleged :
  • (10.1) Most constant protection and security
• > Breaches found : No breach
• > Case status : Award rendered
• > Year of the award or agreement : 2019
• > Year of registration : 2013

• > Subject matter of the dispute: Legal reforms affecting the renewable energy sector
• > BIT invoked: Germany-Czech Republic BIT
• > Amount claimed: CZK 320.07 million
• > Amount awarded: ZERO
• > Costs of arbitration: N/A
• > Award legal costs: Each party bears its own legal costs
• > Award costs of arbitration: Claimant bears 75% of the costs

ARBITRAL DECISION