2006
Barmek v. Azerbaijan Barmek Holding A.S. v. Republic of Azerbaijan (ICSID Case No. ARB/06/16)
Azerbaijan
Türkiye
Rights under a privatisation agreement relating to a long-term electricity distribution contract.
Claims arising out of the alleged breach of a contract concluded between the Government of Azerbaijan and the investor to provide electricity services in the cities of Baku and Sumgayit for 25 years, which in turn led to criminal accusations against Barmek's managers for embezzlement, “abuse of office” and the illegal sale of electricity.
Tertiary: D - Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Lowe, V.
Galbraith, P. W.
Stern, B.
Award embodying the parties' settlement agreement dated 28 September 2009
460.00 mln USD
Data not available
Indirect expropriation
Other
None