2007
Paushok v. Mongolia
Sergei Paushok, CJSC Golden East Company and CJSC Vostokneftegaz Company v. The Government of Mongolia
Mongolia
Russian Federation
Direct and indirect ownership of all outstanding shares of two Mongolian gold mining companies (KOO Golden East-Mongolia and KOO Bumbat) and an oil and gas company (KOO Vostokneftegaz) operating in Mongolia; capital contributions to these companies.
Claims arising out of the Government's enactment of the law "On Imposition of Price Increase (Windfall) Taxes on Some Commodities" which included the sale of gold and the law "On Minerals" that allegedly affected claimants' investments in the business of exploring and developing placer gold deposits in Mongolia.
Primary: B - Mining and quarrying
7 - Mining of metal ores
UNCITRAL
None (no administering institution)
Lalonde, M.
Grigera Naón, H. A.
Stern, B.
Decided in favour of neither party (liability found but no damages awarded)
Additional Award dated 11 July 2011
1000.00 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
National treatment
Most-favoured nation treatment
Customary rules of international law
Arbitrary, unreasonable and/or discriminatory measures
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Full protection and security, or similar
National treatment
Most-favoured nation treatment
Customary rules of international law
Arbitrary, unreasonable and/or discriminatory measures
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Judicial review by national courts
Judicial review by national courts
Award/decision upheld
http://www.cisarbitration.com/2011/05/14/paushok-et-al-v-mongolia-windfall-profit-tax-and-immigration-requirements-compatible-with-fet-standard/
http://www.iisd.org/itn/2011/07/12/awards-and-decisions-4/
http://globalarbitrationreview.com/news/article/29453/mongolia-wins-windfall-tax/ (requires subscription)
http://www.iareporter.com/articles/20110503_8 (requires subscription)
https://jusmundi.com/fr/document/decision/nl-sergei-paushok-cjsc-golden-east-company-and-cjscvostokneftegaz-company-v-the-government-of-mongolia-uitspraak-van-het-rechtbank-den-haag-wednesday-17th-march-2021#decision_47211
https://www.iareporter.com/articles/investor-fails-to-convince-bit-tribunal-to-rule-on-damages-years-after-award-on-liability-was-issued-dutch-court-finds-that-dormant-tribunal-was-not-functus-officio-but-sees-no-reasons-to-set-aside/ (requires subscription)
http://globalarbitrationreview.com/news/article/29453/mongolia-wins-windfall-tax/ (requires subscription)
http://www.iareporter.com/articles/20110503_8 (requires subscription)
https://jusmundi.com/fr/document/decision/nl-sergei-paushok-cjsc-golden-east-company-and-cjscvostokneftegaz-company-v-the-government-of-mongolia-uitspraak-van-het-rechtbank-den-haag-wednesday-17th-march-2021#decision_47211
https://www.iareporter.com/articles/investor-fails-to-convince-bit-tribunal-to-rule-on-damages-years-after-award-on-liability-was-issued-dutch-court-finds-that-dormant-tribunal-was-not-functus-officio-but-sees-no-reasons-to-set-aside/ (requires subscription)