2014
WNC v. Czech Republic
WNC Factoring Ltd (WNC) v. The Czech Republic
(PCA Case No. 2014-34)
Czechia
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
UNCITRAL
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
Umbrella clause
Indirect expropriation
None - all claims dismissed at the merits stage
http://wncf.org.uk/press-release-2/
http://wncf.org.uk/press-release-4/
http://www.iareporter.com/articles/czech-republic-govt-releases-cache-of-bit-awards-strives-to-collect-costs-orders-and-currently-faces-eleven-pending-treaty-claims/ (requires subscription)
http://www.pcacases.com/web/view/119
http://www.mfcr.cz/cs/aktualne/tiskove-zpravy/2017/ministerstvo-financi-vyhralo-arbitraz-o-27783
http://globalarbitrationreview.com/article/1129663/czech-republic-defeats-conspiracy-claim (requires subscription)
https://www.iareporter.com/articles/czech-republic-defeats-uk-bit-claims-over-alleged-failings-in-2008-privatisation-process-griffithvolterracrawford-consider-umbrella-clause-and-mfn-arguments/ (requires subscription)
https://www.transnational-dispute-management.com/downloads/17731_case_report_wnc_factoring_v_czech_republic_-_pca_award_2017.pdf
http://wncf.org.uk/press-release-4/
http://www.iareporter.com/articles/czech-republic-govt-releases-cache-of-bit-awards-strives-to-collect-costs-orders-and-currently-faces-eleven-pending-treaty-claims/ (requires subscription)
http://www.pcacases.com/web/view/119
http://www.mfcr.cz/cs/aktualne/tiskove-zpravy/2017/ministerstvo-financi-vyhralo-arbitraz-o-27783
http://globalarbitrationreview.com/article/1129663/czech-republic-defeats-conspiracy-claim (requires subscription)
https://www.iareporter.com/articles/czech-republic-defeats-uk-bit-claims-over-alleged-failings-in-2008-privatisation-process-griffithvolterracrawford-consider-umbrella-clause-and-mfn-arguments/ (requires subscription)
https://www.transnational-dispute-management.com/downloads/17731_case_report_wnc_factoring_v_czech_republic_-_pca_award_2017.pdf