CEAC v. Montenegro CEAC Holdings Limited v. Montenegro (ICSID Case No. ARB/14/8)
Majority shareholding in the aluminium production enterprise Kombinat Aluminijuma Podgorica (KAP), which owned a smelting plant in Podgorica, Montenegro.
Claims arising out of the alleged unlawful interference by the Government in the insolvency process of an aluminium production company in which the claimant had invested.
Secondary: C - Manufacturing
24 - Manufacture of basic metals
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Hanotiau, B.
Park, W. W.
Stern, B.
Decided in favour of State
Decision on the Respondent’s preliminary objections pursuant to ICSID Arbitration Rule 41(5) dated 27 January 2015
600.00 mln EUR (832.30 mln USD)
Data not available
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

Indirect expropriation

Transfer of funds
None - jurisdiction declined
ICSID annulment proceedings
ICSID annulment proceedings
Award/decision upheld
Greenwood, C. (President)

Kim, J. (Member)

Oyekunle, T. (Member)