United Utilities v. Estonia United Utilities (Tallinn) B.V. and Aktsiaselts Tallinna Vesi v. Republic of Estonia (ICSID Case No. ARB/14/24)
Shareholding (50.4 per cent) in the company AS Talinna Vesi, which held rights under a water and wastewater services contract for the city of Tallinn.
Claims arising out of the alleged refusal by Estonian regulators to permit water tariff increases in Tallinn, which allegedly resulted in substantial losses for claimants' water services concession.
Tertiary: E - Water supply; sewerage, waste management and remediation activities
36 - Water collection, treatment and supply
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Drymer, S. L.
Williams, D. A. R.
Stern, B.
Decided in favour of State
65.00 mln EUR (73.30 mln USD)
Data not available
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Arbitrary, unreasonable and/or discriminatory measures

Umbrella clause
None - all claims dismissed at the merits stage