ICSID, 22 December 2017, UAB E Energija v. Latvia, no. ARB/12/33

On 22 December 2017, an ICSID tribunal issued a final award on merits and costs in favour of a Lithuanian investor against Latvia. The dispute arose from an annulled lease agreement concluded between E-energija and Latvia during the process of privatisation of a heating and hot water supply system and their further nationalisation without compensation. [...]