Warning! Javascript is disabled. Please enable javascript for a completly functioning application.

2012
UAB v. Latvia UAB E energija (Lithuania) v. Republic of Latvia (ICSID Case No. ARB/12/33)
Nationality of the parties
Latvia
Lithuania
Summary of matters at issue
Rights under a 30-year lease agreement concluded between the claimant and the local authority of Rezekne to review, upgrade and operate a heating supply system.
Claims arising out of the early termination of a lease agreement by the authorities of Rezekne, followed by the alleged nationalization of a heating and hot water supply system in which the claimant had invested.
Economic sector and subsector
Tertiary: D - Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
Arbitral rules and administering institution
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Patocchi, P. M.
Wordsworth, S.
Reinisch, A.
Status/Outcome of original proceedings
Decided in favour of investor
Amount of compensation
9.80 mln EUR (11.70 mln USD)
1.60 mln EUR (1.90 mln USD)
IIA breaches alleged/found
Direct expropriation

Indirect expropriation

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

Full protection and security, or similar

Arbitrary, unreasonable and/or discriminatory measures

Most-favoured nation treatment
Arbitrary, unreasonable and/or discriminatory measures
Follow-on proceedings
None
Link to Italaw's case page