WNC v. Czech Republic WNC Factoring Ltd (WNC) v. The Czech Republic (PCA Case No. 2014-34)
United Kingdom
Ownership of Czech company ČEX, a.s. (later known as FITE Export, a.s.).
Claims arising out of the Government’s alleged failures during the privatization of Škoda Export following a public tender, which was won by the claimant’s Czech company ČEX, and subsequent actions allegedly resulting in Škoda Export’s insolvency.
Tertiary: M - Professional, scientific and technical activities
71 - Architectural and engineering activities; technical testing and analysis
PCA (Permanent Court of Arbitration)
Griffith, G.
Volterra, R.
Crawford, J. R.
Decided in favour of State
90.00 mln USD
Data not available
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Umbrella clause

Indirect expropriation
None - all claims dismissed at the merits stage