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Aleksandrowicz and Częścik v. Cyprus Robert Aleksandrowicz and Tomasz Częścik v. Cyprus
Nationality of the parties
Summary of matters at issue
Claims arising out of measures taken by the Government in March 2013 in relation to the claimants’ bank accounts at the Bank of Cyprus.
Economic sector and subsector
Data not available
Data not available
Arbitral rules and administering institution
SCC (Stockholm Chamber of Commerce)
SCC (Stockholm Chamber of Commerce)
Composition of tribunal
Derains, Y.
Nappert, S.
Giardina, A.
Status/Outcome of original proceedings
Decided in favour of State
Decisions rendered
Award dated 21 February 2017
Amount of compensation
4.20 mln EUR (4.40 mln USD)
Data not available
IIA breaches alleged/found
Indirect expropriation
None - all claims dismissed at the merits stage
Follow-on proceedings
Link to Italaw's case page