2010
Border Timbers and others v. Zimbabwe Border Timbers Limited, Timber Products International (Private) Limited, and Hangani Development Co. (Private) Limited v. Republic of Zimbabwe (ICSID Case No. ARB/10/25)
Zimbabwe
Switzerland
Shareholding in Zimbabwean forestry and timber processing enterprises.
Claims arising out of the Government's compulsory acquisition of claimants' farms and forestry plantations following Zimbabwe's land reform, the alleged expropriation of foreign exchange from claimants' bank accounts and the State's alleged failure to prevent invasions to the forestry plantations by illegal squatters.
Primary: A - Agriculture, forestry and fishing
2 - Forestry and logging
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Fortier, L. Y.
Williams, D. A. R.
Hwang, M.
Chen, A. (replaced)
Mutharika, A. P. (replaced)
Decided in favour of investor
Award dated 28 July 2015
Data not available
Data not available
Direct expropriation

Indirect expropriation

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

Full protection and security, or similar

Transfer of funds
Data not available
ICSID annulment proceedings
ICSID annulment proceedings
Award/decision upheld
Decision on Annulment dated 21 November 2018
Heiskanen, V. (President)

Kalicki, J. E. (Member)

Kettani, A. (Member)