2012
Bidzina Ivanishvili v. Georgia
Bidzina Ivanishvili v. Georgia
(ICSID Case No. ARB/12/27)
Georgia
France
Shareholding in two Georgian commercial banks: JSC Cartu Bank and JSC Progress Bank.
Claims arising out of legislative amendments passed by the Government that allegedly gave tax authorities priority over the secured claims of financial institutions, among other measures, which the claimant considered to be designed specifically to target the two commercial banks in which it had invested.
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)
Tribunal not constituted
Discontinued
186.00 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
National treatment
Most-favoured nation treatment
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Full protection and security, or similar
National treatment
Most-favoured nation treatment
Not applicable - settled or discontinued before decision on liability
https://icsid.worldbank.org/en/Pages/cases/casedetail.aspx?CaseNo=ARB/12/27
http://globalarbitrationreview.com/news/article/30739/georgian-political-battle-heading-icsid/ (requires subscription)
http://globalarbitrationreview.com/news/article/30769/georgian-political-battle-escalates/ (requires subscription)
http://globalarbitrationreview.com/news/article/30739/georgian-political-battle-heading-icsid/ (requires subscription)
http://globalarbitrationreview.com/news/article/30769/georgian-political-battle-escalates/ (requires subscription)