1999
Swembalt v. Latvia Swembalt AB, Sweden v. The Republic of Latvia
Latvia
Sweden
Ownership of vessel for the rental of accommodation and office space.
Claims arising out of the loss of a vessel owned by the claimant which was moored in the Port of Riga with the permission of the relevant Latvian authorities and in accordance with a land lease agreement with the Kurzeme district of Riga.
Tertiary: N - Administrative and support service activities
77 - Rental and leasing activities
UNCITRAL
None (no administering institution)
Philip, A.
Hobér, K.
Moller, G.
Decided in favour of investor
2.80 mln USD
2.50 mln USD
Indirect expropriation

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

Arbitrary, unreasonable and/or discriminatory measures
Indirect expropriation

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

Arbitrary, unreasonable and/or discriminatory measures
Judicial review by national courts
Judicial review by national courts
Award/decision upheld