Libananco Holdings Co. Limited v. Turkey, ICSID Case No. ARB/06/8
- >Claimant : Libananco Holdings Co. Limited
- >Nationality : Cyprus
- >Respondent : Turkey
- >Procedural rules applied :
ICSID
- >Chair :
Michael Hwang
- >Arbitrator appointed by Claimant :
Henri Álvarez
- >Arbitrator appointed by Respondent :
Franklin Berman
- >Invoked instruments :
ECT
- >Articles mentioned :
Article 26 (1)
-
, Article 26 (3)
-
, Article 24 (3)
-
, Article 10 (1)
-
, Article 1 (6)
-
, Article 1 (7)
-
, Article 7
-
, Article 13
-
, Article 17
-
, Article 26
-
, Article 45
-
, Article 46
-
>Breaches alleged :
- > Breaches alleged :
- > Breaches alleged :
- > Breaches alleged :
- > Breaches alleged :
- >Breaches found :
No jurisdiction under ECT
- >Case status :
Award rendered
- >Year of the award or agreement :
2011
- >Follow-on proceedings :
Award upheld by ICSID annulment committee
- >Year of registration :
2006
- >Subject matter of the dispute: Claims arising out of the seizure of two utility companies in respect of which the claimant held shares and the cancellation of electricity generation and distribution concession agreements
- >Amount claimed: USD 10.1 billion
- >Amount awarded: ZERO
- >Costs of arbitration: USD 1,205,000
- >Award legal costs: Respondent was awarded USD 15,000,000
- >Award costs of arbitration: Costs follow the award
ARBITRAL DECISIONS
7 May 2012 - Decision on Applicant's Request for Provisional Measures
7 May 2012 - Decision on Applicant's Request for a Continued Stay of Enforcement of the Award
ANNULMENT PROCEEDINGS
