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2016
UAB and others v. Lithuania UAB Litesko, UAB Vilniaus Energija, Veolia Baltics and Eastern Europe S.A.S., Veolia Environnement S.A. v. Republic of Lithuania (ICSID Case No. ARB/16/3)
Nationality of the parties
Lithuania
France
Summary of matters at issue
Ownership of local subsidiaries in the heating and electrical power generation industry, Vilniaus Energija and Litesko.
Claims arising out allegedly unfair and discriminatory changes in laws and regulations.
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
Lévy, L.
Orrego Vicuña, F.
Landau, T.
Status/Outcome of original proceedings
Pending
Decisions rendered
None
Amount of compensation
100.00 mln EUR (108.50 mln USD)
Data not available
IIA breaches alleged/found
Data not available
Pending
Follow-on proceedings
None
Link to Italaw's case page