Fraport v. Philippines (I) Fraport AG Frankfurt Airport Services Worldwide v. Republic of the Philippines (I) (ICSID Case No. ARB/03/25)
Majority shareholder and lender to the project company that held rights under a concession agreement for building and operating an airport terminal.
Claims arising out of the annulment of a concession contract concluded between the Philippine Department of Transportation and Communication and claimant's company for the construction and operation of an international passenger terminal at Ninoy Aquino International Airport in Manila.
Tertiary: H - Transportation and storage
51 - Air transport
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Fortier, L. Y.
Cremades, B. M.
Reisman, W. M.
Decided in favour of State
425.00 mln USD
Data not available
None - jurisdiction declined
ICSID annulment proceedings
ICSID annulment proceedings
Award/decision annulled in its entirety
Tomka, P. (President)

Hascher, D. (Member)

McLachlan, C. A. (Member)