2015
Capital Financial Holdings v. Cameroon Capital Financial Holdings Luxembourg S.A. v. Republic of Cameroon (ICSID Case No. ARB/15/18)
Cameroon
Luxembourg
Majority shareholding (46.6 per cent) in Commercial Bank of Cameroon.
Claims arising out of the alleged unlawful expropriation of the claimant's investment by the Government in 2009 when its bank was placed under State control exercising executive powers instead of the bank’s CEO and board of directors.
Tertiary: K - Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Tercier, P.
Mourre, A.
Pellet, A.
Decided in favour of State
100.00 mln EUR (112.00 mln USD)
Data not available
Indirect expropriation

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

Arbitrary, unreasonable and/or discriminatory measures
None - jurisdiction declined
ICSID annulment proceedings
ICSID annulment proceedings
Award/decision upheld
Malintoppi, L. (President)

Hafez, K. (Member)

Low, L. A. (Member)