Europe Cement v. Turkey Europe Cement Investment and Trade S.A. v. Republic of Turkey (ICSID Case No. ARB(AF)/07/2)
Minority shareholding in two Turkish utilities companies that had concluded electricity concession agreements with the Turkish Ministry of Energy.
Claims arising out of the seizure of two Turkish utility companies, Cukarova Elektrik Anonim Sirketi and Kepez Elektrik Turk Anonim Sirketi, in respect of which the claimant held shares and the cancellation of electricity generation and distribution concession agreements between the latter two entities and Turkey.
Tertiary: D - Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
ICSID AF (ICSID Additional Facility)
ICSID (International Centre for Settlement of Investment Disputes)
McRae, D. M.
Lew, J. D. M.
Lévy, L.
Decided in favour of State
3800.00 mln USD
Data not available
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
None - jurisdiction declined