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Investment Dispute Settlement Navigator

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About

The UNCTAD Investment Dispute Settlement Navigator contains information about known international arbitration cases initiated by investors against States pursuant to international investment agreements (IIAs). Such arbitrations are also referred to as treaty-based investor-State dispute settlement (ISDS) cases.

General disclaimer

The Navigator includes information about publicly known IIA-based international investor-State arbitration proceedings. As some proceedings (or certain aspects of proceedings) remain confidential, the information contained in the Navigator cannot be deemed exhaustive.

While every effort is made to keep the information up to date and complete, the material is provided without any guarantees or warranties as to its accuracy or completeness. UNCTAD assumes no responsibility for eventual errors or omissions in these data.

We welcome any additional information or clarifications on specific cases as well as suggestions to improve the Navigator. Please contact us using the online contact form.

Cases included in the Navigator

A case is included in the Navigator if it is:

  • an international arbitration between an investor and a State;
  • fully or partially based on an IIA, such as a bilateral investment treaty or the investment chapter of a free trade agreement (not included are investor-State disputes that are solely based on contracts or on domestic investment legislation);
  • submitted to arbitration through a notice of arbitration or a request for arbitration, and upon registration of such request if applicable (not included are cases where a disputing party has only notified the other party of the existence of a dispute or signalled its intention to submit a claim, but has not yet commenced the arbitration).

Sources of information and frequency of updating

The information included in the Navigator is collected from publicly available sources. Primary sources (i.e. official documents relating to the case and information provided by the administering institutions) are the main and preferred source of information. Secondary sources, such as specialized reporting services and other sources deemed reliable, are used to supplement primary sources and/or obtain case information otherwise unavailable.

The Navigator is updated on a regular, typically biannual, basis. The date of the last update is displayed on the Navigator’s home page.

Methodological notes for the recording of data

Case name

Full case name is recorded as it appears in the official case documents and as it is registered at the administering institution if applicable. If there are more than five claimants in the case, the names of all claimants can be replaced by the name of the first claimant followed by the words “and others”.

Short case name is ascribed by UNCTAD. Typically it is the first word of a corporate claimant’s name, an abbreviation of the corporate claimant’s name, or the last name of a natural-person claimant “v.” the short version of the respondent State’s name.

If the Navigator includes more than one case with the exact same name, then “(I)” is added to the case name of the earlier case, and a “(II)”, “(III)”, etc. is added to the name of each subsequent case.

Year of initiation

This is the year in which the notice of arbitration / request for arbitration was submitted by the claimant. For arbitrations brought under the ICSID Convention Arbitration Rules or ICSID Additional Facilities (AF) Rules, the year in which the claim was registered by ICSID is used.

Applicable IIA

This is the IIA(s) pursuant to which the claimant initiated the arbitral proceedings.

Arbitral rules

These are the arbitral rules in accordance with which the proceedings are conducted. Proceedings that are not subject to any existing set of arbitral rules, i.e. where the arbitral tribunal determines procedural rules, are marked “None (ad hoc)”.

Administering institution

This is the institution that provides administrative support for the arbitral proceedings. When the proceedings are subject to arbitral rules of a certain arbitral institution (e.g. SCC or ICC), the relevant institution administers that case. In ad hoc arbitrations or those that are subject to non-institutional arbitral rules (e.g. UNCITRAL Arbitration Rules), the parties may request any arbitral institution to administer their case (e.g. PCA). Proceedings may also be conducted without being administered by any institution.

Common abbreviations for administering institutions:

CRCICACairo Regional Centre for International Commercial Arbitration
ICCInternational Chamber of Commerce (International Court of Arbitration)
ICSIDInternational Centre for Settlement of Investment Disputes
LCIALondon Court of International Arbitration
MCCIMoscow Chamber of Commerce and Industry
PCAPermanent Court of Arbitration
SCCStockholm Chamber of Commerce (Arbitration Institute)

Details of investment and summary of the dispute

The details of investment are presented as argued by the claimant, unless otherwise expressly identified by an arbitral tribunal in its decisions or awards.

The summary of the dispute describes in very general terms the conduct allegedly in breach of IIA obligations as argued by the claimant.

Economic sector and subsector

This refers to the economic sector to which the investment at issue allegedly belongs. The structure of economic activities follows the International Standard Industrial Classification of All Economic Activities, Rev.4 (UN ISIC Rev.4).

Status/Outcome of original proceedings

This refers to the current status of the original arbitration proceedings.

  • Decided in favour of State: the tribunal dismissed the case for lack of jurisdiction or found that the respondent State has not committed any breach of the applicable IIA.
  • Decided in favour of investor: the tribunal found that the respondent State committed one or more breaches of the applicable IIA and awarded monetary compensation or non-pecuniary relief to the claimant investor.
  • Decided in favour of neither party (liability found but no damages awarded): the arbitral tribunal found that the respondent State committed one or more breaches of the applicable IIA but did not award monetary compensation or non-pecuniary relief to the claimant investor.
  • Settled: the disputing parties settled the case and the arbitral proceedings were discontinued for that reason.
  • Pending: the arbitration proceedings are pending. A case remains pending if any of the following elements remain to be decided: jurisdiction, liability (merits), compensation. The case remains pending, for instance, if a State is found to have breached one or more IIA obligations (liability) but no award on damages has been issued yet.
    Notes:
    • The Navigator only records treaty-based disputes or treaty-based aspects of "mixed" disputes. In treaty-based cases that are simultaneously contract-based or based on national investment law ("mixed" disputes), a case is deemed concluded (for purposes of the Navigator) if the tribunal dismissed the case on jurisdiction or finds no breach of the IIA, even if it proceeds to adjudicate the contract- or statutory-based claims.
    • Cases in which a final award has been rendered but which are later subject to follow-on (post-award) proceedings (e.g. ICSID annulment proceedings or domestic judicial review), are marked according to the outcome of the original arbitral proceeding (i.e. not as “Pending”).
  • Discontinued: the arbitration was discontinued for any reason other than due to a (known) settlement. This includes discontinuance as a result of non-payment of arbitration fees, in order to pursue litigation in another forum, or for any other reason (including for unknown reasons).

Arbitral decisions rendered

These are decisions rendered by an arbitral tribunal. Included are those decisions that concern the substance of the case and affect the final outcome. In particular, these include decisions (awards) on jurisdictional issues, liability (merits) and damages, including arbitrators’ individual opinions where these were issued. Discontinuance orders and settlement agreements are also recorded if such information is available.

Not included are any other (supplementary) arbitral decisions, e.g. concerning provisional measures or decisions regarding requests for disqualification of arbitrators. Similarly, procedural orders issued by arbitral tribunals are not included. To access a full list of documentation available with respect to a case, users are invited to use (i) the link to the case page on http://italaw.com, and/or (ii) links to the websites of governments and/or arbitral institutions provided in the “Additional information” section.

Amounts claimed and awarded

Amount claimed refers to the amount of monetary compensation claimed by the investor, not including interest, legal costs or costs of arbitration.

Amount awarded refers to the amount of monetary compensation awarded by the arbitral tribunal to the claimant, not including interest, legal costs or costs of arbitration.

For proceedings that end in a settlement, the amount of compensation that the State agreed to pay to the claimant under the terms of settlement (if known) is recorded in this section.

Amounts are recorded in the currency used by the claimant/tribunal. The list of currencies in the Navigator follows the International Organization for Standardization (ISO) 4217 code list.

To enable comparisons between cases, all amounts are also converted to US dollars. For the purposes of such conversion, the OANDA Historical Currency Converter is being used; the date of conversion is the date of the document or other source from which the information was obtained (e.g. the date in which the request for arbitration containing this amount was submitted or the date of the final award).

Whenever possible, information about amounts claimed and awarded is obtained from primary sources such as the arbitration documents. Otherwise, it is derived from other publicly available sources that are deemed reliable. In some cases, the approximate amount may be recorded to give a broad indication of the dispute’s magnitude. As a general rule, a rounded figure (to the nearest hundred thousand) of the amount claimed or awarded is provided.

If the claimant provides more than one valuation of damages claimed, the highest of these amounts is recorded.

IIA breaches alleged and found

Information about breaches alleged is primarily derived from the claimant’s request of arbitration, claimant’s memorials and/or arbitral decisions. When the relevant case documentation is not publicly available, information about breaches alleged may be obtained from other public sources that are deemed reliable.

Information about breaches found is primarily derived from the arbitral decisions. When the relevant decision is not publicly available, information about breaches found may be obtained from other public sources that are deemed reliable.

Claims concerning expropriation are classified as “direct” or “indirect” according to the characterisation made by the claimant and/or the tribunal. Whenever a claimant or the tribunal refer to “expropriation”, without distinguishing between “direct” or “indirect”, such distinction is made on the basis of the factual background of the case and the context of the claimant’s claims and tribunal’s findings.

Composition of tribunal

These are individuals who serve as members of the arbitral tribunal adjudicating the dispute (arbitrators).

The disputing party (i.e. claimant or respondent) that appointed a particular arbitrator is also recorded insofar as information is available. Instances where the respondent failed to appoint an arbitrator, and the latter was appointed by an “appointing authority”, are not recorded separately (i.e. both types of appointment are recorded under “Appointed by / designated to Respondent” without further distinction).

In case an arbitrator has been replaced by another individual (e.g. as a result of resignation, disqualification or passing away), the names of both the previous and subsequent arbitrator are recorded.

Follow-on (post-award) proceedings

Follow-on (post-award) proceedings include three types of legal proceedings:

  • ICSID annulment proceedings;
  • Judicial review by national courts (set-aside proceedings); and
  • ICSID resubmission proceedings.

Initiation of a follow-on proceeding by either disputing party does not affect the field “Case Status/Outcome” of the original proceeding, until the follow-on proceeding is completed. For example, in a case where a final award has been rendered but it is later subject to a follow-on proceeding (e.g. ICSID annulment proceeding), the status of the case is marked according to the outcome of the original arbitral proceeding (i.e. not as “Pending”).

Decisions, judgments and/or awards rendered in the course of follow-on (post-award) proceedings, as well as any individual opinions appended to them, are recorded.

The composition of the ICSID ad hoc committees that adjudicate requests for annulment under the ICSID Convention is recorded.

Link to Italaw’s case page

The Italaw.com portal offers a wide collection of case documentation for many investor-State disputes. It makes available not only the main arbitral decisions, but also procedural orders, parties’ submissions, expert opinions and other types of documents.

A link to the relevant case page at http://italaw.com is provided where such page is available, so that users could browse all documents relating to the case at hand.

Additional information

This section provides links to sources of information used for gathering data for the case at hand or otherwise relevant to that case. These may include links to websites of arbitral/administering institutions, governments, international organisations, specialised reporting services (including subscription-based), media and other resources.

Number of cases as respondent State
1 59
Updated as of 1 January 2017

Latest Publications

Publication article
Jun 30, 2015

Treaty-based ISDS Cases Brought Under Dutch IIAs: an Overview

This study, undertaken at the request of the Dutch Ministry of Foreign Affairs, gives an overview of investor-State dispute settlement (ISDS) cases initiated by Dutch claimants under international investment agreements (IIAs) to which the Netherlands is a party (“Dutch cases”).

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No. Year of
initiation
Short case
name
Summary Outcome of
original proceedings
Arbitrators Decisions
1 2015 Alyafei v. Jordan Ali Alyafei v. Hashemite Kingdom of Jordan (ICSID Case No. ARB/15/24) Arab Investment Agreement (1980) ICSID ICSID Investment: Shareholding in the Amman-based Housing Bank of Trade and Finance.

Summary: Claims arising out of the alleged breach of a share purchase agreement the claimant signed with Jordan’s Social Security and Investment Fund (SSIF) in 2012 to purchase the latter’s shares in Housing Bank of Trade and Finance; in particular the alleged non-payment of a "break-up fee" stipulated in the agreement.
Shareholding in the Amman-based Housing Bank of Trade and Finance. Discontinued Jordan Qatar Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Böckstiegel, K.-H. - President

Schill, S. - Claimant

Elsing, S.H. - Respondent
Data not available Data not available Data not available Not applicable - settled or discontinued before decision on liability None None None None None None None
2 2015 Hanocal and IPIC International v. Korea Hanocal Holding B.V. and IPIC International B.V. v. Republic of Korea (ICSID Case No. ARB/15/17) Korea, Republic of - Netherlands BIT (2003) ICSID ICSID Investment: Majority shareholding in Hyundai Oilbank, a petroleum and refinery company based in the city of Seosan.

Summary: Claims arising out of the alleged tax levied on the 2010 sale of the claimants' controlling stake in Hyundai Oilbank, a petroleum and refinery company based in the city of Seosan.
Majority shareholding in Hyundai Oilbank, a petroleum and refinery company based in the city of Seosan. Discontinued Korea, Republic of Netherlands Primary: B - Mining and quarrying 6 - Extraction of crude petroleum and natural gas Park, W. W. - Respondent

Born, G. B. - Claimant

Sachs, K. - President
168.00 mln USD Data not available Data not available Not applicable - settled or discontinued before decision on liability None None None None None None None
3 2014 Anglia and Busta v. Czech Republic Anglia Auto Accessories, Ivan Peter Busta and Jan Peter Busta v. The Czech Republic Czech Republic - United Kingdom BIT (1990) SCC SCC Investment: Interests in a rooftop carrier production facility in Moravia.

Summary: Claims arising out of a series of alleged measures by the Government in the context of a dispute between the claimants and their local Czech partner in a joint venture engaged in the production of vehicle roof-racks.
Interests in a rooftop carrier production facility in Moravia. Discontinued Czech Republic United Kingdom Secondary: C - Manufacturing 28 - Manufacture of machinery and equipment n.e.c. Böckstiegel, K.-H. - President

Hobér, K. - Claimant

Sands, P. - Respondent
200.00 mln CZK (9.10 mln USD) Data not available Data not available Not applicable - settled or discontinued before decision on liability Order to dismiss the case issued by the SCC Secretariat for failure to pay advance on costs dated 23 October 2014 None None None None None None
4 2014 Financial Performance Holdings v. Russia Financial Performance Holdings BV (FPH) v. The Russian Federation The Energy Charter Treaty UNCITRAL PCA Investment: Loans/financing transactions.

Summary: Claims arising out of certain loans/financing transactions that were made to Yukos prior to its expropriation, but that were not recognized and repaid following the expropriation and forced bankruptcy process.
Loans/financing transactions. Discontinued Russian Federation Netherlands Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Alexandrov, S. A. - President

Haigh, D. - Claimant

Vinuesa, R. E. - Respondent
Data not available Data not available Data not available Not applicable - settled or discontinued before decision on liability None None None None None None None
5 2014 Forminster v. Czech Republic Forminster Enterprises Limited v. The Czech Republic Cyprus - Czech Republic BIT (2001) UNCITRAL None Investment:

Summary: Claims arising out of measures imposed by the Czech Republic on the claimant’s investment.
Discontinued Czech Republic Cyprus Tertiary: G - Wholesale and retail trade; repair of motor vehicles and motorcycles 47 - Retail trade, except of motor vehicles and motorcycles Patocchi, P. M. - President

Hunter, M. J. - Claimant

Reinisch, A. - Respondent
803.20 mln CZK (39.80 mln USD) Data not available Indirect expropriation Not applicable - settled or discontinued before decision on liability Final Award dated 15 December 2014 None None None None None None
6 2014 Kuivallik v. Latvia Indrek Kuivallik v. Latvia Estonia - Latvia BIT (1996) UNCITRAL PCA Investment: 92.81% shareholding in the wind farm company LLC Winergy.

Summary: Claims arising out of alleged mistreatment and ultimate hostile takeover of Winergy with the aid of Latvian authorities.
92.81% shareholding in the wind farm company LLC Winergy. Discontinued Latvia Estonia Tertiary: D - Electricity, gas, steam and air conditioning supply 35 - Electricity, gas, steam and air conditioning supply Konrad, S. - President

Vaher, T. - Claimant

Thomas, J. C. - Respondent
51.00 mln EUR (57.40 mln USD) Data not available Data not available Not applicable - settled or discontinued before decision on liability None None None None None None None
7 2014 Nusa Tenggara v. Indonesia Nusa Tenggara Partnership B.V. and PT Newmont Nusa Tenggara v. Republic of Indonesia (ICSID Case No. ARB/14/15) Indonesia - Netherlands BIT (1994) ICSID ICSID Investment: Operation of the Batu Hijau copper and gold mine under a Contract of Work approved by the President of Indonesia.

Summary: Claims arising out of the introduction of export restrictions on copper, including an export duty and a ban on the export of copper concentrate which allegedly stalled production at the Batu Hijau copper and gold mine operated by the claimants.
Operation of the Batu Hijau copper and gold mine under a Contract of Work approved by the President of Indonesia. Discontinued Indonesia Netherlands Primary: B - Mining and quarrying 7 - Mining of metal ores Tribunal not constituted Data not available Data not available Data not available Not applicable - settled or discontinued before decision on liability Order taking note of the discontinuance of the proceeding issued by the Secretary-General dated 29 August 2014, pursuant to ICSID Arbitration Rule 44 None None None None None None
8 2014 R.S.E. Holdings v. Latvia R.S.E. Holdings AG v. Latvia Latvia - Switzerland BIT (1992) Ad hoc Data not available Investment: Data not available

Summary: Claims arising out the alleged mistreatment of the claimant relating to the takeover of a Latvian bank, Parex Bank, and its subsequent division into two successor institutions.
Data not available Discontinued Latvia Switzerland Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Hanefeld, I. - President

Ferrari, F. - Claimant

Joubin-Bret, A. - Respondent
Data not available Data not available Data not available Not applicable - settled or discontinued before decision on liability None None None None None None None
9 2014 TSIKinvest v. Moldova TSIKinvest LLC v. Republic of Moldova Moldova, Republic of - Russian Federation BIT (1998) SCC SCC Investment: Shareholding of 4.16 per cent in the capital of Victoriabank, a Moldovan bank.

Summary: Claims arising out of the suspension of claimant’s voting rights in a Moldovan bank and the forced sale of its shares within 3 months allegedly ordered by Moldova’s national bank.
Shareholding of 4.16 per cent in the capital of Victoriabank, a Moldovan bank. Discontinued Moldova, Republic of Russian Federation Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Data not available Data not available Data not available Direct expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Not applicable - settled or discontinued before decision on liability None None None None None None None
10 2014 VICAT v. Senegal VICAT v. Republic of Senegal (ICSID Case No. ARB/14/19) France - Senegal BIT (2007) ICSID ICSID Investment: Operation of several cement production facilities in Senegal through Vicat's Senegalese wholly-owned subsidiary Sococim.

Summary: Claims arising out of an alleged more favourable treatment by the Government to a Nigerian-based company which was claimant's competitor in the cement production business, including the non-enforcement of environmental and other regulations, to the detriment of Vicat.
Operation of several cement production facilities in Senegal through Vicat's Senegalese wholly-owned subsidiary Sococim. Discontinued Senegal France Secondary: C - Manufacturing 23 - Manufacture of other non-metallic mineral products Sachs, K. - President

Polak, P. - Claimant

Legum, B. - Respondent
Data not available Data not available Most-favoured nation treatment Not applicable - settled or discontinued before decision on liability None None None None None None None
11 2013 Cemusa v. Mexico Cemusa - Corporación Europea de Mobiliario Urbano, S.A. and Corporación Americana de Equipamientos Urbanos, S.L. v. United Mexican States (ICSID Case No. ARB(AF)/13/2) Mexico - Spain BIT (2006) ICSID AF ICSID Investment: Rights under a concession held by claimants' locally-incorporated company Eumex to provide the city of Guadalajara with bus stops and other street furniture containing advertising space.

Summary: Claims arising out of the annulment of claimants' street furnishing concession by an administrative court in the Mexican state of Jalisco and its transfer to another street furnishing company, allegedly in contravention of claimants' rights under the concession.
Rights under a concession held by claimants' locally-incorporated company Eumex to provide the city of Guadalajara with bus stops and other street furniture containing advertising space. Discontinued Mexico Spain Tertiary: M - Professional, scientific and technical activities 73 - Advertising and market research Data not available Data not available Indirect expropriation

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

Full protection and security, or similar
Not applicable - settled or discontinued before decision on liability Order taking note of the discontinuance of the proceeding issued by the Acting Secretary-General dated 18 August 2014, pursuant to Article 51 of the Arbitration (Additional Facility) Rules None None None None None None
12 2013 Courts v. Madagascar Courts (Indian Ocean) Limited and Courts Madagascar S.A.R.L. v. Republic of Madagascar (ICSID Case No. ARB/13/34) Madagascar - Mauritius BIT (2004) ICSID ICSID Investment:

Summary: Claims arising out of claimants' investments in electronic goods and home furnishing facilities in Madagascar.
Discontinued Madagascar Mauritius Tertiary: G - Wholesale and retail trade; repair of motor vehicles and motorcycles 47 - Retail trade, except of motor vehicles and motorcycles Tercier, P. - President

Beechey, J. - Claimant

Pellet, A. - Respondent
Data not available Data not available Data not available Not applicable - settled or discontinued before decision on liability None None None None None None None
13 2013 U.S. Steel v. Slovakia U.S. Steel Global Holdings I B.V. v. The Slovak Republic (PCA Case No. 2013-6) Netherlands - Slovakia BIT (1991) UNCITRAL PCA Investment: Ownership of a local steel production company.

Summary: Claims arising out of the imposition of certain electricity tariffs upon claimant's local steel plant, US Steel Košice.
Ownership of a local steel production company. Discontinued Slovakia Netherlands Secondary: C - Manufacturing 24 - Manufacture of basic metals Reisman, W. M. - President

Volterra, R. - Claimant

Crawford, J. R. - Respondent
300.00 mln USD Data not available Data not available Not applicable - settled or discontinued before decision on liability None None None None None None None
14 2012 Bidzina Ivanishvili v. Georgia Bidzina Ivanishvili v. Georgia (ICSID Case No. ARB/12/27) France - Georgia BIT (1997) ICSID ICSID Investment: Shareholding in two Georgian commercial banks: JSC Cartu Bank and JSC Progress Bank.

Summary: Claims arising out of legislative amendments passed by the Government that allegedly gave tax authorities priority over the secured claims of financial institutions, among other measures, which the claimant considered to be designed specifically to target the two commercial banks in which it had invested.
Shareholding in two Georgian commercial banks: JSC Cartu Bank and JSC Progress Bank. Discontinued Georgia France Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Tribunal not constituted 186.00 mln USD Data not available Indirect expropriation

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

Full protection and security, or similar

National treatment

Most-favoured nation treatment
Not applicable - settled or discontinued before decision on liability Procedural order issued by the Secretary-General taking note of the discontinuance of the proceeding dated 10 December 2012, pursuant to ICSID Arbitration Rule 44 None None None None None None
15 2012 Gazprom v. Lithuania OAO Gazprom v. The Republic of Lithuania Lithuania - Russian Federation BIT (1999) UNCITRAL PCA Investment: Minority shareholding in a Lithuanian gas distribution company.

Summary: Claims arising out of the alleged forced sale of Gazprom's stake in Lietuvos Dujos, Lithuania's gas distribution company, in the context of an EU-mandated gas market reform.
Minority shareholding in a Lithuanian gas distribution company. Discontinued Lithuania Russian Federation Tertiary: D - Electricity, gas, steam and air conditioning supply 35 - Electricity, gas, steam and air conditioning supply Simma, B. - President

Böckstiegel, K.-H. - Claimant

Lowe, V. - Respondent
Data not available Data not available Data not available Not applicable - settled or discontinued before decision on liability Award on costs and order for the termination of the proceedings dated 31 March 2015 None None None None None None
16 2012 Gelsenwasser v. Algeria Gelsenwasser AG v. People's Democratic Republic of Algeria (ICSID Case No. ARB/12/32) Algeria - Germany BIT (1996) ICSID ICSID Investment: Rights under a water management contract entered into with the Algerian Government.

Summary: Claims arising out of the early termination of claimant's water management contract by the Government due to an alleged lack of progress in the firm's investment programme.
Rights under a water management contract entered into with the Algerian Government. Discontinued Algeria Germany Tertiary: E - Water supply; sewerage, waste management and remediation activities 36 - Water collection, treatment and supply Tribunal not constituted 23.00 mln USD Data not available Data not available Not applicable - settled or discontinued before decision on liability Order taking note of the discontinuance of the proceeding issued by the Secretary-General dated 27 February 2015, pursuant to ICSID Arbitration Rule 43(1) None None None None None None
17 2012 Levitis v. Kyrgyzstan Ilya Levitis v. Kyrgyzstan Kyrgyzstan - United States of America BIT (1993) UNCITRAL PCA Investment: Shareholding in Asia Universal Bank, a Kyrgyzstan-based commercial bank.

Summary: Claims arising out of alleged losses relating to claimant's shareholding in a commercial bank nationalized by Kyrgyzstan.
Shareholding in Asia Universal Bank, a Kyrgyzstan-based commercial bank. Discontinued Kyrgyzstan United States of America Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Newcombe, A. - President

DeWitt, R. - Claimant

Wordsworth, S. - Respondent
Data not available Data not available Data not available Not applicable - settled or discontinued before decision on liability Award on costs dated 19 December 2013 None None None None None None
18 2012 Nadel v. Kyrgyzstan Mikhail Nadel and Ithaca Holdings Inc. v. Kyrgyzstan Kyrgyzstan - United States of America BIT (1993) UNCITRAL Data not available Investment: Minority shareholding in Asia Universal Bank, a Kyrgyzstan-based commercial bank.

Summary: Claims arising out of alleged losses relating to claimants' shareholding in a commercial bank nationalized by Kyrgyzstan.
Minority shareholding in Asia Universal Bank, a Kyrgyzstan-based commercial bank. Discontinued Kyrgyzstan Russian Federation

United States of America
Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Reichert, K. - President

DeWitt, R. - Claimant

Stern, B. - Respondent
400.00 mln USD Data not available Data not available Not applicable - settled or discontinued before decision on liability Award on costs dated 31 October 2013 None None None None None None
19 2012 Ternium v. Venezuela Ternium S.A. and Consorcio Siderurgia Amazonia S.L. v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/12/19) BLEU (Belgium-Luxembourg Economic Union) - Venezuela, Bolivarian Republic of BIT (1998)

Spain - Venezuela, Bolivarian Republic of BIT (1995)
ICSID ICSID Investment: Majority shareholding in Sidor, a Venezuelan steel manufacturing plant.

Summary: Claims arising out of an alleged outstanding amount of compensation owed under certain settlement agreement for the nationalization of claimants' stake in a Venezuelan steel production company.
Majority shareholding in Sidor, a Venezuelan steel manufacturing plant. Discontinued Venezuela, Bolivarian Republic of Spain

Luxembourg
Secondary: C - Manufacturing 24 - Manufacture of basic metals Tribunal not constituted 130.00 mln USD Data not available Data not available Not applicable - settled or discontinued before decision on liability Order taking note of the discontinuance of the proceeding issued by the Secretary-General dated 29 November 2012, pursuant to ICSID Arbitration Rule 44 None None None None None None
20 2011 Accession Eastern v. Bulgaria Accession Eastern Europe Capital AB and Mezzanine Management Sweden AB v. Republic of Bulgaria (ICSID Case No. ARB/11/3) Bulgaria - Sweden BIT (1994) ICSID ICSID Investment: Indirect shareholding in company that held a waste management concession agreement for the city of Sofia, Bulgaria.

Summary: Claims arising out of the Government's early termination of a 15-year concession to provide waste collection, street cleaning and snow-clearing services in Sofia, Bulgaria, due to alleged health and safety concerns.
Indirect shareholding in company that held a waste management concession agreement for the city of Sofia, Bulgaria. Discontinued Bulgaria Sweden Tertiary: E - Water supply; sewerage, waste management and remediation activities 38 - Waste collection, treatment and disposal activities; materials recovery Tribunal not constituted Data not available Data not available Data not available Not applicable - settled or discontinued before decision on liability Order taking note of the discontinuance of the proceeding issued by the Secretary-General dated 23 July 2012, pursuant to ICSID Arbitration Rule 45 None None None None None None
21 2010 Bozbey v. Turkmenistan Bozbey Insaat Sanayi ve Ticaret and Omer Faruk Bozbey v. Turkmenistan Turkey - Turkmenistan BIT (1992) UNCITRAL Data not available Investment: Construction and operation of an agro-industrial complex in Turkmenistan under a contract concluded with the Turkmen President’s Foundation.

Summary: Claims arising out of the initiation of criminal proceedings against the investor, the imposition of taxes and fines by Turkmen tax authorities upon his agro-industrial facility despite allegedly receiving a 21-year tax exemption under a special presidential decree, and the subsequent confiscation of claimant's property.
Construction and operation of an agro-industrial complex in Turkmenistan under a contract concluded with the Turkmen President’s Foundation. Discontinued Turkmenistan Turkey Primary: A - Agriculture, forestry and fishing 1 - Crop and animal production, hunting and related service activities Griffith, G. - President

Hertzfeld, J. M. - Unknown

Fordham, J. - Unknown
60.00 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

Other
Not applicable - settled or discontinued before decision on liability Data not available Data not available None None None None None
22 2010 Greiner v. Canada William Jay Greiner and Malbaie River Outfitters Inc. v. Government of Canada NAFTA UNCITRAL None Investment: Sole shareholding in a Quebec-based lodge and outfitting company; capital contributions of over CAD 1.5 million to construct lodging facilities, purchasing water rights and licenses, marketing and maintenance of the business.

Summary: Claims arising out of the decision by the Government of Quebec to modify its lottery system for fishing licenses and the revocation of the investor's authorizations of commerce which were necessary to conduct claimants' fishing tour operations in Quebec.
Sole shareholding in a Quebec-based lodge and outfitting company; capital contributions of over CAD 1.5 million to construct lodging facilities, purchasing water rights and licenses, marketing and maintenance of the business. Discontinued Canada United States of America Primary: A - Agriculture, forestry and fishing

Tertiary: N - Administrative and support service activities
3 - Fishing and aquaculture

79 - Travel agency, tour operator, reservation service and related activities
Rovine, A. W. - Claimant

Dupuy, P.-M. - Respondent

Name not available - President
8.00 mln CAD (7.80 mln USD) Data not available Indirect expropriation

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

National treatment

Most-favoured nation treatment
Not applicable - settled or discontinued before decision on liability None None None None None None None
23 2009 Centurion v. Canada Melvin J. Howard, Centurion Health Corp. & Howard Family Trust v. The Government of Canada (PCA Case No. 2009-21) NAFTA UNCITRAL PCA Investment: Ownership of a Canadian corporation that had contracted for the purchase of 9.5 acres in Vancouver to build a privately-owned health center in Canada; capital expenses related to the construction of such health centre.

Summary: Claims arising out of the planned construction by the claimants of a private healthcare facility intended to offer a wide range of surgical services in Vancouver, British Columbia, and the alleged impediment of the project's completion by a range of legislative and administrative measures adopted by the local, provincial and federal governments.
Ownership of a Canadian corporation that had contracted for the purchase of 9.5 acres in Vancouver to build a privately-owned health center in Canada; capital expenses related to the construction of such health centre. Discontinued Canada United States of America Tertiary: Q - Human health and social work activities 86 - Human health activities Tomka, P. - President

Florestal, M. - Claimant

Álvarez, H. C. - Respondent
160.00 mln USD Data not available Indirect expropriation

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

National treatment

Most-favoured nation treatment

Other
Not applicable - settled or discontinued before decision on liability Order for the Termination of the Proceedings and Award on Costs dated 2 August 2010 None None None None None None
24 2009 East Cement v. Poland The East Cement for Investment Company v. The Republic of Poland (ICC Case No. 16509/JHN) Jordan - Poland BIT (1997) ICC ICC Investment: Interests in a cement production facility.

Summary: Claims arising out of a decision by a Polish bankruptcy court concerning claimant's alleged investment in a cement manufacturing plant.
Interests in a cement production facility. Discontinued Poland Jordan Secondary: C - Manufacturing 23 - Manufacture of other non-metallic mineral products Franke, U. - President

Bernardini, P. - Claimant

Stern, B. - Respondent
150.00 mln EUR (210.80 mln USD) Data not available Data not available Not applicable - settled or discontinued before decision on liability Partial Award on costs dated 26 August 2011 None None None None None None
25 2009 ICRS v. Jordan International Company for Railway Systems (ICRS) v. Hashemite Kingdom of Jordan (ICSID Case No. ARB/09/13) Jordan - Kuwait BIT (2001) ICSID ICSID Investment: Rights under a light railway system agreement concluded between Jordan and the claimant.

Summary: Claims arising out of the alleged unlawful termination by the Government of an implementation agreement concluded between Jordan and its Public Transport Regulatory Commission with the claimant to build, operate, and transfer a light railway system (the LRS Project) connecting the Jordanian cities of Amman and Zarqa.
Rights under a light railway system agreement concluded between Jordan and the claimant. Discontinued Jordan Kuwait Tertiary: F - Construction 42 - Civil engineering Robinson, P. L. - President

Alexandrov, S. A. - Claimant

Audit, B. - Respondent
1000.00 mln USD Data not available Unclear Not applicable - settled or discontinued before decision on liability Order taking note of the discontinuance issued by the Tribunal on 22 February 2011 dated 22 February 2011 None None None None None None