Mamidoil Jetoil Greek Petroleum Products Societe Anonyme S.A. v. Albania, ICSID Case No. ARB/11/24

>Claimant : Mamidoil Jetoil Greek Petroleum Products, Societe Anonyme S.A.
>Nationality : Greece
>Respondent : Albania
>Procedural rules applied : ICSID
>Chair : Rolf Kniepper
>Arbitrator appointed by Claimant : Steven Hammond
>Arbitrator appointed by Respondent : Yas Banifatemi
>Invoked instruments : ECT and BIT
>Articles mentioned : Article 26 (8)
, Article 13 (1)
, Article 10 (1)
, Article 1 (6)
, Article 26
>Breaches alleged :
- (10.1) Fair and equitable treatment
> Breaches alleged :
- (10.1) Unreasonable or discriminatory measures
> Breaches alleged :
- (10.1) Most constant protection and security
> Breaches alleged :
- (13.1) Expropriation
>Breaches found : No breach
>Case status : Award rendered
>Year of the award or agreement : 2015
>Follow-on proceedings : ICSID annulment proceeding discontinued
>Year of registration : 2011

>Subject matter of the dispute: Government's decision affecting a 20 year lease contract and Privatization to build an oil container terminal in the Durres Port
>BIT Invoked: Albania-Greece BIT
>Amount claimed: USD 23,090,000
>Amount awarded: ZERO
>Costs of arbitration: USD 844,990.46
>Award legal costs: Each party bears the costs of the arbitrator it has appointed, whereas the costs related to the chair and other costs are shared equally
>Award costs of arbitration: Each party bears its own costs

ARBITRAL DECISIONS

30 March 2015

20 March 2015

Dissenting Opinion of Steven A. Hammond