Plama Consortium Ltd. v. Bulgaria, ICSID Case No. ARB/03/24

>Claimant : Plama Consortium Ltd.
>Nationality : Cyprus
>Respondent : Bulgaria
>Procedural rules applied : ICSID
>Chair : Carl Salans
>Arbitrator appointed by Claimant : Albert Jan van den Berg
>Arbitrator appointed by Respondent : V. V. Veeder
>Invoked instruments : ECT and BIT
>Articles mentioned : Article 17 (1)
, Article 1 (2)
, Article 1 (6)
, Article 1 (7)
, Article 2
, Article 12
, Article 26
>Breaches alleged :
- (10.1) Fair and equitable treatment
> Breaches alleged :
- (10.1) Unreasonable or discriminatory measures
> Breaches alleged :
- (10.1) Stable, equitable, favourable and transparent conditions
> Breaches alleged :
- (10.1) Most constant protection and security
> Breaches alleged :
- (10.1) Umbrella clause
> Breaches alleged :
- (13.1) Expropriation
>Breaches found : No breach
>Case status : Award rendered
>Year of the award or agreement : 2008
>Follow-on proceedings : ICSID revision proceeding discontinued
>Year of registration : 2003

Flowchart
>Subject matter of the dispute: Claims arising out of the public authorities' and agencies' alleged damage to the operation of the investor's oil refinery, as well as their refusal or delay in adopting adequate corrective measures
>BIT invoked: Bulgria-Cyprus BIT
>Amount claimed: USD 146,120,152
>Amount awarded: ZERO
>Costs of arbitration: EUR 253,523
>Award legal costs: USD Respondent was awarded 7,460,000
>Award costs of arbitration: Costs follow the award