Fraport v. Philippines (II) Fraport AG Frankfurt Airport Services Worldwide v. Republic of the Philippines (II) (ICSID Case No. ARB/11/12)
Direct and indirect shareholding in project company that held rights under a concession agreement for building and operating an airport terminal; capital contributions of over USD 420 million.
Claims arising out of the annulment of a concession contract concluded between the Philippine Department of Transportation and Communication and claimant's company for the construction and operation of an international passenger terminal at Ninoy Aquino International Airport in Manila.
Tertiary: H - Transportation and storage
51 - Air transport
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Bernardini, P.
Alexandrov, S. A.
van den Berg, A. J.
Decided in favour of State
425.00 mln USD
Data not available
Indirect expropriation

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

Full protection and security, or similar

Umbrella clause

Arbitrary, unreasonable and/or discriminatory measures
None - jurisdiction declined