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
345.40 mln USD
125.00 mln USD
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
Arbitrary, unreasonable and/or discriminatory measures
Indirect expropriation
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Full protection and security, or similar
Transfer of funds
Arbitrary, unreasonable and/or discriminatory measures
Direct expropriation
Indirect expropriation
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Full protection and security, or similar
Arbitrary, unreasonable and/or discriminatory measures
Transfer of funds
Indirect expropriation
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Full protection and security, or similar
Arbitrary, unreasonable and/or discriminatory measures
Transfer of funds
ICSID annulment proceedings
ICSID annulment proceedings
Award/decision upheld
Heiskanen, V. (President)
Kalicki, J. E. (Member)
Kettani, A. (Member)
Kalicki, J. E. (Member)
Kettani, A. (Member)
https://icsid.worldbank.org/en/Pages/cases/casedetail.aspx?CaseNo=ARB/10/25
http://globalarbitrationreview.com/news/article/29026/zimbabwe-faces-third-icsid-claim/ (requires subscription)
http://www.ecchr.de/worldbank.html
http://www.iareporter.com/articles/28229/ (requires subscription)
https://www.iareporter.com/articles/analysis-in-its-review-review-of-von-pezold-and-border-timber-v-zimbabwe-awards-ad-hoc-committee-rejects-zimbabwes-illegality-and-arbitrator-impartiality-complaints/ (requires subscription)
https://globalarbitrationreview.com/article/1177262/award-against-zimbabwe-upheld-after-eight-years (requires subscription)
http://globalarbitrationreview.com/news/article/29026/zimbabwe-faces-third-icsid-claim/ (requires subscription)
http://www.ecchr.de/worldbank.html
http://www.iareporter.com/articles/28229/ (requires subscription)
https://www.iareporter.com/articles/analysis-in-its-review-review-of-von-pezold-and-border-timber-v-zimbabwe-awards-ad-hoc-committee-rejects-zimbabwes-illegality-and-arbitrator-impartiality-complaints/ (requires subscription)
https://globalarbitrationreview.com/article/1177262/award-against-zimbabwe-upheld-after-eight-years (requires subscription)