Lao Holdings v. Laos (II) Lao Holdings N.V. v. Lao People’s Democratic Republic (II) (ICSID Case No. ARB(AF)/16/2)
Lao People's Democratic Republic
Majority shareholding in the Savan Vegas Hotel and Casino held by the claimant’s wholly-owned subsidiary Sanum.
Claims arising out of the Government’s actions allegedly in breach of the settlement agreement concluded with the claimant and its wholly-owned subsidiary Sanum in 2014, including the seizure of the Savan Vegas Hotel and Casino, in which Sanum held an 80 per cent stake, and the discriminatory imposition of taxes on the claimant.
Tertiary: I - Accommodation and food service activities
Tertiary: R - Arts, entertainment and recreation
55 - Accommodation
92 - Gambling and betting activities
ICSID AF (ICSID Additional Facility)
ICSID (International Centre for Settlement of Investment Disputes)
Kalicki, J. E.
Reichert, K.
Boisson de Chazournes, L.
Data not available
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

Umbrella clause

Transfer of funds

Indirect expropriation

Direct expropriation