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Barmek Holding A.S. v. Azerbaijan, ICSID Case No. ARB/06/16

  • >Claimant : Barmek Holding A.S.
  • >Nationality : Turkey
  • >Respondent : Azerbaijan
  • >Procedural rules applied : ICSID
  • >Chair : Vaughan Lowe
  • >Arbitrator appointed by Claimant : Peter Galbraith
  • >Arbitrator appointed by Respondent : Brigitte Stern
  • >Invoked instruments : ECT
  • >Breaches alleged :  
  • >Case status : Settlement agreed
  • >Year of the award or agreement : 2009
  • >Year of registration : 2006

  • >Subject matter of the dispute: Alleged breach of a contract to provide electricity services in the cities of Baku and Sumgayit for 25 years, which in turn led to criminal accusations against Barmek's managers for embezzlement, “abuse of office” and the illegal sale of electricity
  • >Amount claimed: USD 460 million
  • >Amount awarded: N/A
  • >Costs of arbitration: N/A
  • >Award legal costs: N/A
  • >Award costs of arbitration: N/A 

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