2010
İçkale v. Turkmenistan İçkale İnşaat Limited Şirketi v. Turkmenistan (ICSID Case No. ARB/10/24)
Turkmenistan
Türkiye
Rights under thirteen contracts for the construction of schools, hotels, cinemas and other facilities.
Claims arising out of the Government's alleged interference with the execution of the claimant's work under construction contracts concluded with various State organs and State entities, including the blocking of bank accounts, the termination of contracts and the initiation of judicial proceedings.
Tertiary: F - Construction
42 - Civil engineering
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Heiskanen, V.
Lamm, C. B.
Sands, P.
Nariman, F. S. (replaced)
Decided in favour of State
566.70 mln USD
Data not available
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Arbitrary, unreasonable and/or discriminatory measures

Umbrella clause

Indirect expropriation
None - all claims dismissed at the merits stage
None