Belegging-Maatschappij “Far East” v. Austria B.V. Belegging-Maatschappij “Far East” v. Republic of Austria (ICSID Case No. ARB/15/32)
Majority shareholding in Meinl Bank, an Austrian private investment bank.
Claims arising out of criminal investigations brought against claimant's investment, Meinl Bank, and its management during the eight years preceding the claim, allegedly denying the claimant justice and negatively impacting the value of its investment.
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)
Alexandrov, S. A.
Stern, B.
Pryles, M. C.
Decided in favour of State
Award dated 30 October 2017
200.00 mln EUR (232.80 mln USD)
Data not available
Arbitrary, unreasonable and/or discriminatory measures

Full protection and security, or similar

Direct expropriation

Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
None - jurisdiction declined