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2009
Deutsche Bank v. Sri Lanka Deutsche Bank AG v. Democratic Socialist Republic of Sri Lanka (ICSID Case No. ARB/09/2)
Nationality of the parties
Sri Lanka
Germany
Summary of matters at issue
Rights under an oil hedging agreement concluded between Deutsche Bank and Sri Lanka’s national petroleum corporation.
Claims arising out of Deutsche Bank's termination of an oil hedging agreement concluded with Ceylon Petroleum Corporation, Sri Lanka’s national petroleum company, and close-out amounts payable under such contract.
Economic sector and subsector
Tertiary: K - Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
Arbitral rules and administering institution
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Hanotiau, B.
Williams, D. A. R.
Khan, M. A.
Status/Outcome of original proceedings
Decided in favour of investor
Amount of compensation
60.00 mln USD
60.00 mln USD
IIA breaches alleged/found
Indirect expropriation

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

Full protection and security, or similar

Umbrella clause
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Follow-on proceedings
ICSID annulment proceedings
ICSID annulment proceedings
Discontinued
None
Rigo Sureda, A. (President)

Danelius, H. (Member)

Kettani, A. (Member)
Link to Italaw's case page