Plama v. Bulgaria Plama Consortium Limited v. Republic of Bulgaria (ICSID Case No. ARB/03/24)
Purchase of capital in a local joint-stock company, Nova Plama AD, which owned a local oil refinery.
Claims arising out of the Bulgarian government, national legislative, judicial authorities, and other public authorities and agencies' alleged damage to the operation of the investor's refinery, as well as their refusal or unreasonable delay in adopting adequate corrective measures.
Secondary: C - Manufacturing
19 - Manufacture of coke and refined petroleum products
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Salans, C. F.
van den Berg, A. J.
Veeder, V. V.
Decided in favour of State
146.00 mln USD
Data not available
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Arbitrary, unreasonable and/or discriminatory measures

None - all claims dismissed at the merits stage