2005
Rumeli v. Kazakhstan Rumeli Telekom A.S. and Telsim Mobil Telekomunikasyon Hizmetleri A.S. v. Republic of Kazakhstan (ICSID Case No. ARB/05/16)
Kazakhstan
Turkey
Shareholding in a local Kazakh telecoms company that had been awarded a license to operate the second mobile telephone network in Kazakhstan; know-how and marketing services in the field of telecommunications; guarantors of loans made by the locally-incorporated investment company.
Claims arising out of the government's termination of an investment contract for the creation and exploration of digital cellular radiotelephone connection on Kazakhstan.
Tertiary: J - Information and communication
61 - Telecommunications
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Hanotiau, B.
Lalonde, M.
Boyd, S.
Decided in favour of investor
458.00 mln USD
125.00 mln USD
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
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
ICSID annulment proceedings
ICSID annulment proceedings
Award/decision upheld
Schwebel, S. M. (President)

McLachlan, C. A. (Member)

Silva Romero, E. (Member)