Globe News Wire | 4 November 2016
Hearings of the international arbitration proceedings start next week
The hearings of the international arbitration proceedings between AS Tallinna Vesi and the Republic of Estonia will be held next week from November 7th – 11th November 2016 and the following week on November 14th – 15th, 2016 in Paris, France.
All hearings will be broadcasted live on the ICSID website. In addition, certain key documents issued during the arbitration process are disclosed on the ICSID website. The decision is expected in 2017.
In October 2014, AS Tallinna Vesi and its shareholder United Utilities (Tallinn) B.V., registered in the Kingdom of The Netherlands, commenced international arbitration proceedings against the Republic of Estonia for breach of the Agreement on the Encouragement and Reciprocal Protection of Investments between the Kingdom of The Netherlands and the Republic of Estonia.