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2009
Mærsk v. Algeria Mærsk Olie, Algeriet A/S v. People's Democratic Republic of Algeria (ICSID Case No. ARB/09/14)
Nationality of the parties
Algeria
Denmark
Summary of matters at issue
Wholly-owned subsidiary of the oil production A.P. Moller - Maersk Group holding rights in several Algerian blocks under certain production sharing contract concluded with Algeria's national oil company for the exploration and production of liquid hydrocarbons.
Claims arising out of the Government's imposition of a windfall tax collected by the Algerian national oil company, Sonatrach S.P.A., which allegedly contravened the terms of a production sharing contract previously concluded between the investor and Sonatrach.
Economic sector and subsector
Primary: B - Mining and quarrying
6 - Extraction of crude petroleum and natural gas
Arbitral rules and administering institution
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Kaufmann-Kohler, G.
Williams, D. A. R.
Hossain, K.
Status/Outcome of original proceedings
Settled
Decisions rendered
Order taking note of the discontinuance of the proceeding issued by the Tribunal dated 30 September 2013, pursuant to ICSID Arbitration Rule 43(1)
Amount of compensation
3000.00 mln USD
920.00 mln USD
IIA breaches alleged/found
Data not available
Not applicable - settled or discontinued before decision on liability
Follow-on proceedings
None
Link to Italaw's case page