2016
Safa v. Greece Iskandar Safa and Akram Safa v. Hellenic Republic (ICSID Case No. ARB/16/20)
Greece
Lebanon
Co-ownership of the Privinvest Group, a naval shipbuilding group, which acquired a majority stake in Hellenic Shipyards SA in 2010.
Claims arising out of the Government’s allegedly unlawful actions related to Hellenic Shipyards, an operator of a large shipyard near Athens, including a claim for EUR 300 million from a State-owned entity, a prohibition for the shipyard to work for foreign navies and stopped payments under contracts.
Secondary: C - Manufacturing
30 - Manufacture of other transport equipment
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Heiskanen, V.
Reichert, K.
Stern, B.
Decided in favour of neither party (liability found but no damages awarded)
Decision on Jurisdiction and Liability dated 24 July 2020
Award dated 30 June 2023
Data not available
Data not available
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
ICSID annulment proceedings
ICSID annulment proceedings
Pending
None
King, B. D. (President)

Adekoya, O. (Member)

Tonova, S. (Member)