Hamester v. Ghana Gustav F W Hamester GmbH & Co KG v. Republic of Ghana (ICSID Case No. ARB/07/24)
Rights under a joint venture agreement concluded with the Ghana Cocoa Board (statutory company) for the renovation of a coca processing factory, through the incorporation of a local company (in which the claimant held a majority shareholding) that took over the assets and titles of the old factory.
Claims arising out of a joint venture between the claimant and a Ghanaian statutory company to renovate a cocoa bean processing factory in Takoradi, west Ghana, and alleged breaches of the parties' joint-venture agreement.
Secondary: C - Manufacturing
10 - Manufacture of food products
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Stern, B.
Cremades, B. M.
Landau, T.
Decided in favour of State
100.00 mln EUR (142.70 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

Umbrella clause

National treatment

Arbitrary, unreasonable and/or discriminatory measures
None - all claims dismissed at the merits stage