Large-scale mining projects highlight complex tensions between states, foreign investors, and local communities, leading to environmental and social risks for communities.
The subject of the arbitration is given as ‘transportation fare collection services’, and invokes the 2001 bilateral investment treaty between Turkey/Türkiye and Yugoslavia as the basis for the claim.
Pakistan concluded a settlement agreement with Ozpak, a Turkish company, in longstanding arbitration proceedings pending in the International Centre for Settlement of Investment Disputes.
Turkish businessman Hamdi Akın İpek has lost a legal claim of $7 billion in damages he filed against the Turkish government at the World Bank’s International Centre for Settlement of Investment Disputes .
Two Turkish waste management companies have filed a complaint in the International Centre for Settlement of Investment Disputes (ICSID) seeking a $230 million award against Pakistan
A Canadian mining company is suing Turkey for $1 billion at a secretive arbitration court over the cancellation of a mine project that was deemed disastrous for the environment.
Miner Alamos Gold said its Netherlands units will file an investment treaty claim exceeding $1 billion against Turkey for "unfair and inequitable treatment" with its gold mining project.
The tribunal appointed by the ICSID has issued a procedural order that denies a request made by the Republic of Turkey to bifurcate the arbitration proceeding.
The tribunal dismissed all claims against Turkmenistan brought by a Turkish investor, Lotus Holding Anonim Sirketi, under the Energy Charter Treaty and the Turkey-Turkmenistan bilateral investment treaty.