This article will focus on SOEs acting as claimants with a brief contextual examination of their role as ‘respondents’ to support the conclusion that SOEs will always have standing as claimants under ICSID.
Hellenic Republic is found liable towards Hellenic Shipyards for more than 200 million Euros at the ICC while shareholders are pursuing the Hellenic Republic at the ICSID pursuant to the relevant Bilateral Investment Treaty.
The tribunal ruled that the investor did not have a head office in Luxembourg and had abused its rights to “give the impression that it had a Luxembourg head office”
An ICSID Arbitral Tribunal ordered Kazakhstan to pay Caratube USD 39.2 million in damages, plus USD 1,207,757.44, and well over 10 million USD in interest.
Senior government officials have claimed that the International Centre for Settlement of Investment Disputes (ICSID) overlooked Pakistan’s claim of corruption while deciding in favour of Karkey Karadeniz Elektrik Uretim over a rental power project (RPP) dispute.