AES Corporation and Tau Power B.V. v. Kazakhstan, ICSID Case No. ARB/10/16


  • >Subject matter of the dispute: Series of actions including fines and tariff restrictions imposed to claimants by Kazakh competition authorities concerning energy prices that allegedly had adverse financial impacts on the company’s operations in the country
  • >BIT invoked: Kazakhstan-USA BIT
  • >Amount claimed:Not specified
  • >Amount awarded: ZERO (breach of the ECT but no damages awarded)
  • >Costs of arbitration: USD 855,109.23
  • >Award legal costs: Each party bears its own costs
  • >Award costs of arbitration: Claimants bear 67% of the costs

 

ARBITRAL DECISION

 

1 November 2013 

Award 


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