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Naumchenko and others v. India Maxim Naumchenko, Andrey Poluektov and Tenoch Holdings Limited v. The Republic of India (PCA Case No. 2013-23)
Nationality of the parties
Russian Federation

Summary of matters at issue
Majority shareholding in the Indian telecoms company ByCell India.
Claims arising out of the withdrawal by Indian authorities of an approval to grant frequency allocation licences to claimants' local telecoms company ByCell, after it had previously obtained clearance from India's Foreign Investment Board.
Economic sector and subsector
Tertiary: J - Information and communication
61 - Telecommunications
Arbitral rules and administering institution
PCA (Permanent Court of Arbitration)
Composition of tribunal
Sepúlveda Amor, B.
Brower, C. N.
Stern, B.
Status/Outcome of original proceedings
Decisions rendered
Amount of compensation
400.00 mln USD
Data not available
IIA breaches alleged/found
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Arbitrary, unreasonable and/or discriminatory measures
Follow-on proceedings
Link to Italaw's case page