ICSID, 22 August 2018, Standard Chartered Bank (Hong Kong) Ltd. v. Tanzania Electric Supply Company Ltd. (TANESCO), ICSID Case No. ARB/10/20, Decision on the Application for Annulment

Upon the request of Tanzania Electric Supply Company Limited (TANESCO or “Respondent”), an electricity supply company designated as an agency of the Republic of Tanzania pursuant to Article 25(1) of the ICSID Convention, on 22 August 2018, an ICSID ad hoc committee issued a decision on annulment of an arbitral award dated 12 September 2016. [...]

2018-09-08T21:08:20+02:00August 22nd, 2018|ICSID, International awards|0 Comments

United State District Court, District of Columbia, 23 March 2018, Anatolie Stati, Gabriel Stati, Ascom Group, S.A., Terra Raf Trans Traiding Ltd., v. The Republic of Kazakhstan, no. 14-1638 (ABJ)

On 23 March 2018, the District Court denied Kazakhstan’s motion for reconsideration and confirmed the 500 million dollars award under the Energy Charter Treaty in favor of the Moldavian investors regarding oil use rights in Kazakhstan. When the investors sought enforcement in the United States, Kazakhstan opposed it on the grounds of fraud alleging that [...]

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