Sistem v. Kyrgyzstan Sistem Mühendislik Inşaat Sanayi ve Ticaret A.Ş. v. Kyrgyz Republic (ICSID Case No. ARB(AF)/06/1)
Ownership of a hotel in Kyrgyzstan.
Claims arising out of events following the investor's construction and operation of a hotel in Bishkek leading to the abrogation of its ownership rights in the hotel by local court decisions, after the overthrow of president Askar Akayev and his government during the Tulip Revolution of 2005.
Tertiary: F - Construction
Tertiary: I - Accommodation and food service activities
41 - Construction of buildings
55 - Accommodation
ICSID AF (ICSID Additional Facility)
ICSID (International Centre for Settlement of Investment Disputes)
Lowe, V.
Patocchi, P. M.
Elabary, N.
Decided in favour of investor
24.70 mln USD
8.50 mln USD
Indirect expropriation

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

Full protection and security, or similar

National treatment
Indirect expropriation
Judicial review by national courts
Judicial review by national courts
Award/decision upheld