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2005
Funnekotter v. Zimbabwe Bernardus Henricus Funnekotter and others v. Republic of Zimbabwe (ICSID Case No. ARB/05/6)
Nationality of the parties
Zimbabwe
Netherlands
Summary of matters at issue
Direct and indirect ownership of large commercial farms in Zimbabwe.
Claims arising out of the enactment of a Land Acquisition Act and other measures authorizing the Government to acquire compulsorily any rural land when the acquisition was deemed necessary for agricultural settlement purposes under which the claimants' properties were allegedly expropriated without compensation, including the presence of war veterans and settlers that forced the claimants to vacate their farms.
Economic sector and subsector
Primary: A - Agriculture, forestry and fishing
1 - Crop and animal production, hunting and related service activities
Arbitral rules and administering institution
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Guillaume, G.
Cass, R. A.
Wasi Zafar, M.
Status/Outcome of original proceedings
Decided in favour of investor
Decisions rendered
Amount of compensation
12.40 mln EUR (15.60 mln USD)
8.20 mln EUR (10.60 mln USD)
IIA breaches alleged/found
Direct expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Umbrella clause

Arbitrary, unreasonable and/or discriminatory measures
Direct expropriation
Follow-on proceedings
None
Link to Italaw's case page