2011
Garanti Koza v. Turkmenistan Garanti Koza LLP v. Turkmenistan (ICSID Case No. ARB/11/20)
Turkmenistan
United Kingdom
Rights under a contract signed between State Concern Turkmenautoyollari and Garanti Koza LLP for the design and construction of 28 highway bridges and overpasses on the Mary-Turkmenabad highway in Turkmenistan.
Claims arising out of disagreements between Garanti Koza and Turkmenistan over the performance of certain construction contract that led to the suspension of works and the subsequent Government's termination of the contract based on the investor's alleged failure to complete the work on time and the failure to resume works for a prolonged time of time.
Tertiary: F - Construction
42 - Civil engineering
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Townsend, J. M.
Boisson de Chazournes, L.
Lambrou, G. C.
Decided in favour of investor
46.10 mln USD
2.50 mln USD
Direct expropriation

Indirect expropriation

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

Umbrella clause

Arbitrary, unreasonable and/or discriminatory measures

Full protection and security, or similar
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Umbrella clause
None