2006
Phoenix Action v. Czech Republic Phoenix Action Ltd v. Czech Republic (ICSID Case No. ARB/06/5)
Czechia
Israel
Ownership of two Czech companies, Benet Praha, spol. s.r.o. and Benet Group, a.s., involved in the trading of ferroalloys.
Claims arising out of the alleged continuous freezing of funds in a number of bank accounts belonging to claimant's companies, the seizure of accounting and business documents, as well as Czech courts’ delays in the different actions brought by the investor's companies.
Tertiary: G - Wholesale and retail trade; repair of motor vehicles and motorcycles
46 - Wholesale trade, except of motor vehicles and motorcycles
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Stern, B.
Bucher, A.
Fernández-Armesto, J.
Decided in favour of State
953.00 mln CZK (47.60 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
None - jurisdiction declined
None