Rafat v. Indonesia Rafat Ali Rizvi v. Republic of Indonesia (ICSID Case No. ARB/11/13)
United Kingdom
Indirect shareholding in three Indonesian banks through the alleged co-ownership of a Bahamas corporation.
Claims arising out of the Government's bailout of Bank Century in which Mr. Rizvi allegedly held shares and the subsequent claimant's conviction by Indonesian courts for fraud and money laundering.
Tertiary: K - Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Griffith, G.
Donoghue, J. E.
Sornarajah, M.
Decided in favour of State
Decision on the Respondent’s preliminary objections pursuant to ICSID Arbitration Rule 41(5) dated 4 April 2012
Decision on the Respondent’s request to address the objections to jurisdiction as a preliminary question dated 22 June 2012
75.00 mln USD
Data not available
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
None - jurisdiction declined
ICSID annulment proceedings
ICSID annulment proceedings
Order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rules 53 and 44 issued dated 4 May 2015
Rigo Sureda, A. (President)

Cheng, T. (Member)

Knieper, R. (Member)

Schreuer, C. H. (Member) (replaced)