Investment Dispute Settlement Navigator
United Kingdom - as home State
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No. | Year of initiation |
Short case name |
Summary | Outcome of original proceedings |
Respondent State |
Home State of investor |
---|---|---|---|---|---|---|
1 | 2018 | Ipek v. Turkey |
Investment: Shareholding in the Turkish company Koza Holdings, the owner of the Koza Group of companies. Summary: Claims arising out of certain measures taken by the Government against the Koza Group of companies on the basis of their alleged involvement in financing terrorism, including the seizure of assets and the placement of Koza companies under the control of trustees. |
Pending | Turkey | United Kingdom |
2 | 2018 | Munshi v. Mongolia |
Investment: Minority shareholding (11%) in Gobi Coal & Energy Ltd., a company engaged in coal mining projects in Mongolia. Summary: Claims arising out of the claimant’s detention in Mongolia on fraud charges, the freezing of Gobi Coal’s assets and suspension of its licences by the Government. |
Pending | Mongolia |
United Kingdom Australia |
3 | 2017 | Agarwal and Mehta v. Uruguay |
Investment: Investments in the Valentines iron ore project through Minera Aratirí that held several prospecting and exploration permits, granting it an exclusive right to obtain the exploitation concession for the Valentines project. Summary: Claims arising out of allegedly arbitrary and non-transparent conduct of the Government in relation to the claimants’ investments in the Valentines iron ore project, including repeated regulatory changes with respect to the port terminal (which had to be built as part of the project), ultimately leading to the project’s shutdown. |
Pending | Uruguay | United Kingdom |
4 | 2017 | ConocoPhillips and Perenco v. Viet Nam |
Investment: Acquisition of UK companies that operated an oil business in Viet Nam. Summary: Claims arising out of the Government’s intended imposition of a USD 179 million capital gains tax in respect of the 2012 transaction whereby the first claimant (Conoco) sold its business in Viet Nam (held by UK companies) to the second claimant (Perenco). |
Pending | Viet Nam | United Kingdom |
5 | 2017 | FREIF Eurowind v. Spain |
Investment: Summary: Claims arising out of a series of energy reforms undertaken by the Government affecting the renewables sector, including a 7 per cent tax on power generators’ revenues and a reduction in subsidies for renewable energy producers. |
Pending | Spain | United Kingdom |
6 | 2017 | Inicia and others v. Hungary |
Investment: Lease contract with the Government for 500 hectares of agricultural land. Summary: Claims arising out of the termination by the Government of the claimants’ land lease contract, following the passage of new legislation in 2013 that mandated ending of long-term land lease contracts between foreign investors and the State, with no compensation to affected farmers. |
Pending | Hungary | United Kingdom |
7 | 2017 | Norvik Banka and others v. Latvia |
Investment: Majority shareholding in the Latvian bank AS Norvik Banka. Summary: Claims arising out of the sanctions imposed by the Government on the claimants’ bank for its alleged failure to comply with anti-money laundering and terrorist-financing regulations. |
Pending | Latvia | United Kingdom |
8 | 2017 | Rockhopper v. Italy |
Investment: 100% working interest in the Ombrina Mare oil and gas discovery project and a related offshore exploration permit. Summary: Claims arising out of the decision in February 2016 by the Ministry of Economic Development not to award the claimants a production concession covering the Ombrina Mare field located within 12 miles of the coast of Italy, following the Government’s re-introduction of a general ban on oil and gas exploration and production activity within the 12 mile limit of the coastline. |
Pending | Italy | United Kingdom |
9 | 2017 | Vodafone v. India (II) |
Investment: Ownership of an Indian telecoms company. Summary: Claims arising out of a retrospective transaction tax imposed by the Government over claimants' acquisition of Indian-based Hutchison Whampoa telecoms business. |
Pending | India | United Kingdom |
10 | 2016 | Astro and South Asia Entertainment v. India |
Investment: Investment in the Indian satellite TV company Sun Direct. Summary: Claims arising out of an allegedly unfair and biased criminal investigation by the Government relating to the suspected bribery by the claimants of Indian government officials. |
Pending | India |
United Kingdom Mauritius |
11 | 2016 | Biram and others v. Spain |
Investment: Investments in photovoltaic plants. Summary: Claims arising out of a series of energy reforms undertaken by the Government affecting the renewables sector, including a 7 per cent tax on power generators’ revenues and a reduction in subsidies for renewable energy producers. |
Pending | Spain |
Germany United Kingdom |
12 | 2016 | CIC Renewable and others v. Italy |
Investment: Investments in photovoltaic plants. Summary: Claims arising out of a series of governmental decrees to cut tariff incentives for some solar power projects. |
Pending | Italy |
Germany United Kingdom Luxembourg |
13 | 2016 | Darley v. Poland |
Investment: Investments in preparations for, and participation in, a Government tender for a potash concession. Summary: Claims arising out of the Government’s decision to deny a potash mining concession to the claimant and to grant it to the partly State-owned mining company KGHM, allegedly in violation of the tender process. |
Pending | Poland | United Kingdom |
14 | 2016 | Eyre and Montrose Developments v. Sri Lanka |
Investment: Summary: |
Pending | Sri Lanka | United Kingdom |
15 | 2016 | Glencore Finance v. Bolivia |
Investment: Indirect ownership of two smelting plants (the Vinto Metallurgical Complex and the Vinto Antimony Plant) and a tin and zinc mine (Colquiri Mining Center) through local subsidiaries Sinchi Wayra S.A. and Compañía Minera Colquiri S.A. Summary: Claims arising out of Bolivia’s direct expropriations of two tin and antimony smelting plants as well as a tin and zinc mine, all owned by the claimant’s local subsidiaries. |
Pending | Bolivia, Plurinational State of | United Kingdom |
16 | 2016 | Gosling and others v. Mauritius |
Investment: Investments in two real estate projects (tourist resorts) in Le Morne and Pointe Jérôme. Summary: Claims arising out of the Government’s changes to its planning guidance policy and the designation of Le Morne area in southwest Mauritius as a UNESCO World Heritage Site in 2008, with the claimants alleging that these actions rendered worthless their investments in two planned tourist resorts. |
Pending | Mauritius | United Kingdom |
17 | 2016 | Vedanta v. India |
Investment: 59.9% shareholding in Cairn India Limited, one of the largest oil and gas exploration companies in India. Summary: Claims arising out of a tax bill of approximately USD 3.29 billion, imposed by the Government on Cairn India Limited in 2015, for the alleged failure to pay taxes on capital gains arising from Cairn’s operations in 2006-2007. |
Pending | India | United Kingdom |
18 | 2015 | Anglia v. Czech Republic |
Investment: Contractual claim to damages confirmed by an arbitral award related to a joint venture with the local Czech company Kyjovan for the manufacturing of automobile accessories. Summary: Claims arising out of alleged delays on the part of Czech courts related to the enforcement of a CZK 4.8 million arbitration award, which the claimant obtained against its local business partner Kyjovan in 1997. According to the claimant, the courts’ conduct deprived the claimant of the value of the arbitral award. |
Decided in favour of State | Czech Republic | United Kingdom |
19 | 2015 | Busta v. Czech Republic |
Investment: Sole shareholding in a locally incorporated company, Sprint CR, engaged in the wholesale of automobile parts and accessories. Summary: Claims arising out of alleged inaction of the local police related to accusations of theft raised by the claimants against the local Czech partner in a joint venture, Kyjovan, when Kyjovan began moving goods owned by one of the claimants’ companies (Sprint CR) out of a warehouse. |
Decided in favour of State | Czech Republic | United Kingdom |
20 | 2015 | Cairn v. India |
Investment: Interests in subsidiary Cairn UK Holdings Limited and 10 per cent shareholding in Cairn India Limited (CIL), one of the largest oil and gas exploration companies in India. Summary: Claims arising out of a draft assessment order issued by the Indian Income Tax Department addressed to the claimant’s subsidiary, Cairn UK Holdings Limited, in respect of fiscal year 2006/7 in the amount of USD 1.6 billion plus any applicable interest and penalties; and the alleged prohibition for the claimant to sell its 10 per cent shareholding in Cairn India Limited. |
Pending | India | United Kingdom |
21 | 2015 | Cortec Mining v. Kenya |
Investment: Investments in the Kenyan mining sector, including a 21-year mining license for the extraction of rare earths at the Mrima Hill project, southern part of the country. Summary: Claims arising out of the Government's allegedly unlawful revocation of claimant's mining license, following the discovery of new rare earths deposits by the claimant. |
Pending | Kenya | United Kingdom |
22 | 2015 | Gabriel Resources v. Romania |
Investment: Majority shareholding in Rosia Montana Gold Corporation, a Romanian mining company, co-owned with a State-owned entity. Summary: Claims arising out of the allegedly discriminatory measures relating to the approval of an environmental impact assessment and the issuance of an environmental permit required to start exploitation of the claimant's mining project. |
Pending | Romania |
Canada United Kingdom |
23 | 2015 | Hourani v. Kazakhstan |
Investment: Ownership of pharmaceuticals manufacturer, Pharm Industry. Summary: Claims arising out of the alleged unlawful expropriation and liquidation of a pharmaceuticals manufacturer, Pharm Industry including the alleged seizure of a 10-hectare plot of land transferred from Issam Hourani to Pharm Industry as well as the annulment of a decree that had granted Pharm Industry ownership of a 42-hectare plot of land. |
Pending | Kazakhstan |
United Kingdom United States of America |
24 | 2015 | ICS v. Argentina (II) |
Investment: Rights under an auditing services contract concluded between ICS and Argentina's Ministry of Economy. Summary: Claims arising out of Argentina's alleged non-payment of invoices to the investor under a contract in which ICS was to provide auditing services in relation to a government-sponsored scheme to inspect imports bound for the country before they were shipped. |
Pending | Argentina | United Kingdom |
25 | 2015 | JKX Oil & Gas and Poltava v. Ukraine |
Investment: Investments in oil and gas production plants in Ukraine. Summary: Claims arising from a series of alleged discriminatory State measures including legislation adopted in July 2014 that temporarily raised royalties on gas production from 28 to 55 per cent as well as regulations introduced in November 2014 that required private companies to purchase gas solely from state entity Naftogaz, and placed restrictions on other sellers. |
Decided in favour of investor | Ukraine |
United Kingdom Netherlands |
26 | 2015 | Medusa v. Montenegro |
Investment: Oil and gas exploration rights under a joint venture contract with local petroleum company AD Jugopetrol Kotor. Summary: Claims arising out of the Government’s alleged disruption of the claimant’s hydrocarbon exploration activities in the offshore area of Prevlaka in Montenegro. |
Pending | Montenegro | United Kingdom |
27 | 2015 | MMEA and AHSI v. Senegal |
Investment: Ownership of subsidiary Aviation Handling Services (AHS), which provides aircraft ground-handling services at the Léopold Sédar Senghor International Airport in Dakar, Senegal. Summary: Claims arising out of placing claimants’ company in administration by the government, which claimants view as disguised expropriation. According to the government, the measure was part of the illegal enrichment investigation against a former Senegalese minister for air transport. |
Decided in favour of State | Senegal |
United Kingdom Netherlands |
28 | 2015 | Paz Holdings v. Bolivia |
Investment: Shareholding of 36.6 per cent in a Bolivian enterprise (Iberbolivia) which was the majority shareholder in four Bolivian electricity companies (Electropaz, ELFEO, CADEB and EDESER). Summary: Claims arising out of Bolivia’s Supreme Decree No. 1448 of 2012, which ordered the nationalization of claimant’s (indirectly-held) shares in four Bolivian electricity companies. |
Settled | Bolivia, Plurinational State of | United Kingdom |
29 | 2014 | A11Y v. Czech Republic |
Investment: Company engaged in the supply of high quality compensation aids to the blind and visually impaired people. Summary: Claims arising out of allegedly discriminatory State actions against claimant's business of providing electronic aids for visually handicapped, including the disclosure of know-how to A11Y's competitors and damages to its goodwill, in the context of government allowances to blind and visually handicapped people for special compensation aids. |
Decided in favour of State | Czech Republic | United Kingdom |
30 | 2014 | Anglia and Busta v. Czech Republic |
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. |
Discontinued | Czech Republic | United Kingdom |
31 | 2014 | Anglo American v. Venezuela |
Investment: Rights under nickel-mining concessions owned by Anglo American's local subsidiary, Minera Loma de Niquel. Summary: Claims arising out of the Government's cancellation and non-renewal of nickel-mining concessions owned by claimant's Venezuelan subsidiary, allegedly resulting in the permanent cease of production and mining activities. |
Pending | Venezuela, Bolivarian Republic of | United Kingdom |
32 | 2014 | InfraRed and others v. Spain |
Investment: Equity participations in two concentrated solar projects in Spain, located in Andalucía and Extremadura. Summary: Claims arising out of a series of energy reforms undertaken by the Government affecting the renewables sector, including a 7 per cent tax on power generators’ revenues and a reduction in subsidies for renewable energy producers. |
Pending | Spain | United Kingdom |
33 | 2014 | Krederi v. Ukraine |
Investment: Rights under contracts for the development of a hotel, shopping center and apartment complex within a property acquired by Krederi. Summary: Claims arising out of a series of Ukrainian judicial rulings that annulled contracts held by claimant's subsidiary companies for the acquisition and commercial development of property. |
Decided in favour of State | Ukraine | United Kingdom |
34 | 2014 | Uzan v. Turkey |
Investment: Rights under electricity concessions held by claimant's companies ÇEAŞ and Kepez. Summary: Claims arising out of the alleged termination by the Government of electricity concessions held by the claimant, as well as the seizure of the assets owned by claimant's electricity companies. |
Decided in favour of State | Turkey |
France United Kingdom |
35 | 2014 | WNC v. Czech Republic |
Investment: Ownership of Czech company ČEX, a.s. (later known as FITE Export, a.s.). Summary: Claims arising out of the Government’s alleged failures during the privatization of Škoda Export following a public tender, which was won by the claimant’s Czech company ČEX, and subsequent actions allegedly resulting in Škoda Export’s insolvency. |
Decided in favour of State | Czech Republic | United Kingdom |
36 | 2013 | Eiser and Energía Solar v. Spain |
Investment: Interests in three concentrated solar power plants located in Spain. Summary: Claims arising out of a series of energy reforms undertaken by the Government affecting the renewables sector, including a 7 per cent tax on power generators’ revenues and a reduction in subsidies for renewable energy producers. |
Decided in favour of investor | Spain |
Luxembourg United Kingdom |
37 | 2013 | I.C.W. v. The Czech Republic |
Investment: Interests in the Czech photovoltaic sector. Summary: Claims arising out of amendments to the pre-existing incentive regime for the renewable energy sector, including the introduction of a levy on electricity generated from solar power plants. |
Pending | Czech Republic | United Kingdom |
38 | 2013 | RREEF v. Spain |
Investment: Shareholding in two solar power plants located in Andalucía, Spain. Summary: Claims arising out of a series of energy reforms undertaken by the Government affecting the renewables sector, including a 7 per cent tax on power generators’ revenues and a reduction in subsidies for renewable energy producers. |
Pending | Spain |
Luxembourg United Kingdom |
39 | 2012 | Accession Mezzanine v. Hungary |
Investment: Shareholding in two Hungarian companies (Sláger Rádió Műsorszolgáltató Zrt. and Danubius Rádió Műsorszolgáltató Zrt.) that won a competitive tender for licenses for FM national radio-broadcasting frequencies in Hungary. Summary: Claims arising out of the alleged expropriation of claimants' investments in nationwide FM-frequency radio-broadcasting licenses in Hungary, through the Government's decision to award the radio-broadcasting frequencies formerly held by claimants to a third party. |
Decided in favour of State | Hungary | United Kingdom |
40 | 2012 | Allawi v. Pakistan |
Investment: Shareholding in Progas, a company engaged in import operations of liquid petroleum gas. Summary: Claims arising out of the alleged Government interference in operations at a gas import terminal at Port Qasim, leading to the alleged expropriation of claimant's liquid petroleum gas infrastructure in Karachi. |
Decided in favour of State | Pakistan | United Kingdom |
41 | 2012 | Churchill Mining and Planet Mining v. Indonesia |
Investment: Controlling interest in the mining East Kutai Coal Project; rights under related mining licenses. Summary: Claims arising out of the unilateral revocation by the Government of mining licenses in which the claimants held interests. |
Decided in favour of State | Indonesia |
United Kingdom Australia |
42 | 2011 | Garanti Koza v. Turkmenistan |
Investment: Rights under a contract signed between State Concern Turkmenautoyollari and Garanti Koza LLP for the design and construction of 28 highway bridges and overpasses on the Mary-Turkmenabad highway in Turkmenistan. Summary: Claims arising out of disagreements between Garanti Koza and Turkmenistan over the performance of certain construction contract that led to the suspension of works and the subsequent Government's termination of the contract based on the investor's alleged failure to complete the work on time and the failure to resume works for a prolonged time of time. |
Decided in favour of investor | Turkmenistan | United Kingdom |
43 | 2011 | Indorama v. Egypt |
Investment: Shareholding in an Egyptian textile production company. Summary: Claims arising out of the Government's renationalisation of Indorama's Shebin al-Kom textile factory, in the Menoufia province. |
Settled | Egypt | United Kingdom |
44 | 2011 | Oxus Gold v. Uzbekistan |
Investment: Direct and indirect shareholding in subsidiaries that held interests in two mining projects in Uzbekistan. Summary: Claims arising out of the alleged misappropriation by the Uzbek Government of claimant’s Khandiza and Amantaytau Goldfields mining/exploration assets in Uzbekistan. |
Decided in favour of investor | Uzbekistan | United Kingdom |
45 | 2011 | Rafat v. Indonesia |
Investment: Indirect shareholding in three Indonesian banks through the alleged co-ownership of a Bahamas corporation. Summary: Claims arising out of the Government's bailout of Bank Century in which Mr. Rizvi allegedly held shares and the subsequent claimant's conviction by Indonesian courts for fraud and money laundering. |
Decided in favour of State | Indonesia | United Kingdom |
46 | 2011 | Shortt v. Venezuela |
Investment: Ownership of Zulia Towing and Barge Company, engaged in providing towing services for docking and undocking of oil and petrochemical tankers and boats used for lake transportation. Summary: Claims arising out of the Government's enactment of the Law on the Expropriation of Primary Activities for Oil Production by which claimant's maritime transport equipment and facilities were expropriated. |
Settled | Venezuela, Bolivarian Republic of | United Kingdom |
47 | 2011 | The PV Investors v. Spain |
Investment: Interests in photovoltaic energy installations in Spain. Summary: Claims arising out of a series of energy reforms undertaken by the Government affecting the renewables sector, including a 7 per cent tax on power generators’ revenues and a reduction in subsidies for renewable energy producers. |
Pending | Spain |
Denmark Germany Ireland Luxembourg Netherlands United Kingdom |
48 | 2011 | Williams Companies and others v. Venezuela |
Investment: Rights under long term agreements for gas supply in Venezuela; ownership and operation of gas compression and injection plants. Summary: Claims arising out of the Government's termination of claimants' long term agreements entered into with the national oil company PDVSA for gas compression and injection and gas supply in Venezuela, followed by the seizure of their assets under a nationalisation decree and the alleged failure to comply with payment obligations for services rendered before the companies' nationalisation. |
Settled | Venezuela, Bolivarian Republic of |
Netherlands United Kingdom |
49 | 2011 | World Callao v. Peru |
Investment: Rights under a concession agreement granted by the Peruvian Government to build and operate a pier at Lima's port of Callao. Summary: Claims arising out of alleged Government discriminatory treatment by not allowing the claimants to participate in the bidding for the North Pier of Callao's Port, as well as the alleged lack of compensation to the investor for granting better conditions to the current operator of the North Pier which allegedly affected the economic balance of the concession agreement of the South Pier and the competitive conditions guaranteed by the State. |
Pending | Peru | United Kingdom |
50 | 2010 | British Caribbean Bank v. Belize |
Investment: Rights under certain loan and security agreements concluded with two Belizean companies. Summary: Claims arising out of the Government’s compulsory acquisition of the claimant’s interest in certain loan and security agreements concluded with Belize Telemedia, a telecommunications company registered in Belize, and Sunshine Holdings Limited, a company registered in Belize that held shares in Telemedia, in the context of the Government’s compulsory acquisition of Telemedia and Sunshine themselves. |
Decided in favour of investor | Belize | United Kingdom |
51 | 2010 | Dunkeld v. Belize (II) |
Investment: Majority shareholding in the Belizean telecommunications company Belize Telemedia Limited; right to arbitrate. Summary: Claims arising out of an injunction from Belizean courts against arbitral proceedings previously initiated by the claimant against Belize concerning the alleged expropriation of its investment in the telecoms company Telemedia Limited, and Dunkeld's consideration that this action was tantamount to the State's expropriation of claimant's right to pursue arbitration. |
Settled | Belize | United Kingdom |
52 | 2010 | Guaracachi v. Bolivia |
Investment: Indirect controlling shareholding in Bolivian company that held a 30 year electricity generation license; associated licenses and permits; capital contributions for acquisition of energy generation assets including several gas turbines and gas engines. Summary: Claims arising out of the Government's nationalisation of Guaracachi America, Inc. and of Rurelec's controlling 50.001 per cent shareholding in the Bolivian electricity company Empresa Eléctrica Guaracachi, as well as the alleged failure by the claimants to obtain justice through the Bolivian court system and the subsequent seizure of assets owned by Rurelec’s subsidiary, Energía para Sistemas Aislados Energais S.A. |
Decided in favour of investor | Bolivia, Plurinational State of |
United Kingdom United States of America |
53 | 2010 | SCB v. Tanzania |
Investment: Debt indirectly owed to SCB under a loan agreement concluded by one of its subsidiaries and a company that had contracted with a State-owned enterprise for the construction and operation of an electricity generating facility; security interests granted as security for the loan; contractual rights under several project finance agreements. Summary: Claims arising out of outstanding invoices under a loan agreement concluded by claimant's subsidiary and a company that had contracted with a State-owned enterprise for the construction and operation of an electricity generating facility, followed by the Government's control over the power plant and the refusal by Tanzanian courts to enforce a LCIA award in favor of the investor. |
Decided in favour of State | Tanzania, United Republic of | United Kingdom |
54 | 2009 | Dunkeld v. Belize (I) |
Investment: Majority shareholding in the Belizean telecommunications company Telemedia Limited. Summary: Claims arising out of the Government's compulsory acquisition of certain shares in Belize Telemedia Limited, an operator of telecommunications and other media services in Belize in which the claimant had invested, through the enactment of the Belize Telecommunications (Amendment) Act 2009 and certain Belize Telecommunications (Assumption of Control over Belize Telemedia Limited) Order. |
Settled | Belize | United Kingdom |
55 | 2009 | ICS v. Argentina (I) |
Investment: Rights under an auditing services contract concluded between ICS and Argentina's Ministry of Economy. Summary: Claims arising out of Argentina's alleged non-payment of invoices to the investor under a contract in which ICS was to provide auditing services in relation to a government-sponsored scheme to inspect imports bound for the country before they were shipped. |
Decided in favour of State | Argentina | United Kingdom |
56 | 2008 | Malicorp v. Egypt |
Investment: Rights under a contract concluded with the Government for the construction and operation of an international airport. Summary: Claims arising out of the Government's rescission of a contract for the construction and operation of the Ras Sudr international airport in Sinai. |
Decided in favour of State | Egypt | United Kingdom |
57 | 2007 | AES v. Hungary (II) |
Investment: Majority shareholding in a Hungarian electricity generation company that held a power purchase agreement with Hungary; contributions of over EUR 98 million to retrofit certain power station. Summary: Claims arising out of the Government's reintroduction in 2006 and 2007 of administrative pricing pursuant to two Price Decrees (after administrative prices had been abolished as of 1 January 2004), and the alleged resulting loss of revenue to the investor. |
Decided in favour of State | Hungary | United Kingdom |
58 | 2006 | Oxus Gold v. Kyrgyzstan |
Investment: Rights under a mining license; capital contributions of over USD 63 million to the mining project. Summary: Claims arising out of the Government's cancellation of a license for the development of a gold deposit in Kyrgyzstan (known as the Jerooy gold project) and the alleged government-sponsored occupation of premises owned by Talas Gold Mining Company, Oxus’ joint venture company at Jerooy. |
Settled | Kyrgyzstan | United Kingdom |
59 | 2006 | Vestey v. Venezuela |
Investment: Landholdings amounting to some 350,000 hectares in Venezuela for farming purposes. Summary: Claims arising out of declarations by Venezuela's Land Institute on the lack of validity of a number of Verney's farms, labelled as "unproductive" by State authorities, following the introduction of a new land law in 2001 which created a Land Institute to examine titles to landholdings and to assess whether lands were being used in a productive manner. |
Decided in favour of investor | Venezuela, Bolivarian Republic of | United Kingdom |
60 | 2005 | Biwater v. Tanzania |
Investment: Controlling interest in local investment vehicle company that had concluded certain agreements with a Tanzanian public corporation, the Dar es Salaam Water and Sewerage Authority, to implement a water and sewerage infrastructure project. Summary: Claims arising out of contractual disputes between claimant's locally-incorporated company and Tanzania's Water and Sewerage Authority, followed by a series of events that allegedly led to the deportation of the investor's senior management, as well as the seizure of its assets and takeover of its business. |
Decided in favour of neither party (liability found but no damages awarded) | Tanzania, United Republic of | United Kingdom |
61 | 2005 | EDF v. Romania |
Investment: Interests in two joint venture companies with Romanian entities owned by the Romanian Government, engaged in providing duty-free services. Summary: Claims arising out of the alleged arbitrary taking of a concession to provide duty free and other retail services at several Romanian airports and on board airplanes. |
Decided in favour of State | Romania | United Kingdom |
62 | 2005 | MHS v. Malaysia |
Investment: Rights under a contract entered into with Malaysia for the location and salvage of a British vessel's cargo sank in 1817, and a subsequent contract concerning the auction of potentially recovered items. Summary: Claims arising out of the alleged non-payment of amounts owed to the claimant from the sale of items recovered from the cargo of a British ship that sank in Malaysian waters pursuant to a salvage contract concluded between the investor and the respondent. |
Decided in favour of State | Malaysia | United Kingdom |
63 | 2005 | RosInvest v. Russia |
Investment: Shareholding in the Russian-incorporated Yukos Oil Company OJSC. Summary: Claims arising out of a series of actions undertaken by the respondent against Yukos Oil Company, including arrests, large tax assessments and liens, and the auction of the main Yukos facilities, among others, which allegedly led to the bankruptcy of the company and eliminated all value of claimant's 7 million shares in Yukos. |
Decided in favour of investor | Russian Federation | United Kingdom |
64 | 2005 | Yukos Universal v. Russia |
Investment: Shareholding in the Russian-incorporated Yukos Oil Company OJSC. Summary: Claims arising out of a series of actions undertaken by the respondent against Yukos Oil Company, including arrests, large tax assessments and liens, and the auction of the main Yukos facilities, among others, which allegedly led to the bankruptcy of the company and eliminated all value of claimant's shares in Yukos. |
Decided in favour of investor | Russian Federation | United Kingdom |
65 | 2004 | ANZEF v. India |
Investment: Creditor of loans associated with the financing of the Dabhol energy project in Maharashtra, India. Summary: Claims arising out of respondent's alleged failure to protect the investor's loans in the Dabhol combined cycle power plant project in India, the default of which resulted in significant losses to the claimant's financing of the failed project. |
Settled | India | United Kingdom |
66 | 2004 | Standard Chartered Bank v. India |
Investment: Creditor of loans associated with the financing of the Dabhol energy project in Maharashtra, India. Summary: Claims arising out of respondent's alleged failure to protect the investor's loans in the Dabhol combined cycle power plant project in India, the default of which resulted in significant losses to the claimant's financing of the failed project. |
Settled | India | United Kingdom |
67 | 2003 | AWG v. Argentina |
Investment: Shareholding in local company that had a concession for water distribution and waste water treatment services in the city of Buenos Aires and some surrounding municipalities. Summary: Claims arising out of a series of alleged acts and omissions by Argentina, including its alleged failure or refusal to apply previously agreed adjustments to the tariff calculation and adjustment mechanisms affecting claimants' investment. |
Decided in favour of investor | Argentina | United Kingdom |
68 | 2003 | BG v. Argentina |
Investment: Direct and indirect ownership interests in a natural gas distribution company incorporated in Argentina. Summary: Claims arising out of a series of decrees and resolutions taken by Argentina in the course of an economic crisis (including restrictions on transfers, rescheduling of cash deposits and pesification of US dollar deposits) that allegedly affected the claimant's investment and frustrated the investor's ability to hedge against the risk of the devaluation of the pesos. |
Decided in favour of investor | Argentina | United Kingdom |
69 | 2003 | Joy Mining v. Egypt |
Investment: Rights under a contract for supply of phosphate mining equipment concluded with an Egyptian State enterprise. Summary: Claims arising out of the investor's supply of two sets of phosphate mining equipment to an Egyptian State enterprise, IMC, for a project in Egypt under a contract requiring the claimant to put in place letters of guarantee, including allegations that the equipment was paid but the relevant guarantees were never released. |
Decided in favour of State | Egypt | United Kingdom |
70 | 2003 | National Grid v. Argentina |
Investment: Ownership of shares, through a local investment vehicle company, of an enterprise that had a concession contract with the Argentine government for the operation of the high voltage electricity system, in addition to other associated contracts. Summary: Claims arising out of the privatization program carried out by the Government of Argentina in the early 1990s, the guarantees offered to investors who brought assets in the electricity sector, and the measures taken by the Respondent to stem the Argentina economic crisis in 2001-2002. |
Decided in favour of investor | Argentina | United Kingdom |
71 | 2003 | Petrobart v. Kyrgyz Republic |
Investment: Gas supply contract entered into with the State gas company. Summary: Claims arising out of the non-payment of certain deliveries under the contract, followed by the stay of execution of a debt judgment in favour of the claimant, and a presidential decree pursuant to which the investor's contractual counterparty was restructured and subsequently declared bankrupt, precluding Petrobart to satisfy its debt judgment or obtain any proceeds from the sale of assets. |
Decided in favour of investor | Kyrgyzstan | United Kingdom |
72 | 2002 | JacobsGibb v. Jordan |
Investment: Data not available Summary: Claims arising out of a waterway construction project. |
Settled | Jordan | United Kingdom |
73 | 2002 | Nagel v. Czech Republic |
Investment: Rights under a cooperation agreement entered into with a State-owned enterprise. Summary: Claims arising out of the respondent's failure to grant a public tender for mobile phone contracts to the investor, despite the signature of a cooperation agreement with a State telecommunications company wholly owned by the respondent under which the parties would seek to obtain, through a consortium, the necessary licenses and permits to establish, own and operate a GSM mobile telephone network in the Czech Republic. |
Decided in favour of State | Czech Republic | United Kingdom |
74 | 2001 | AES v. Hungary (I) |
Investment: Power purchase and sale agreement. Summary: Claims arising out of Hungary's alleged failure to comply with a sale agreement of certain State-owned power facilities. |
Settled | Hungary | United Kingdom |
75 | 2001 | Booker v. Guyana |
Investment: Compensation payment rights under debt instruments issued by the government. Summary: Claims arising out of the repayment of outstanding debt related to the expropriation of a sugar enterprise in the 1970s. |
Settled | Guyana | United Kingdom |
76 | 2000 | UK Bank v. Russia |
Investment: Sovereign bonds. Summary: Claims arising out of the default on sovereign bonds during the Russian financial crisis. |
Settled | Russian Federation | United Kingdom |
77 | 1998 | Wena Hotels v. Egypt |
Investment: Rights under two long-term hotel lease and development agreements concluded with a company wholly owned by the Egyptian Government. Summary: Claims arising out of the alleged breach of agreements to develop and manage two hotels in Luxor and Cairo, Egypt, as well as an alleged campaign of continual harassment to the investor by the Government of Egypt. |
Decided in favour of investor | Egypt | United Kingdom |
78 | 1987 | AAPL v. Sri Lanka |
Investment: Shareholding in a Sri Lankan shrimp farming enterprise. Summary: Claims arising out of the alleged destruction of claimant's investment during a military operation conducted by Sri Lanka security forces. |
Decided in favour of investor | Sri Lanka | United Kingdom |