Gamesa v. Syria Gamesa Eólica, S.L.U. v. Syrian Arab Republic (PCA Case No. 2012-11)
Syrian Arab Republic
Investments in the Qatineh wind farm project near the city of Homs.
Claims arising out of the Government’s alleged call upon a bank guarantee posted by the claimant in relation to a project to build a wind farm in Syria as part of tender documentation. The claimant won the tender, but has not continued with the project due to the outbreak of civil conflict in Syria, and the subsequent imposition of sanctions by the European Union.
Tertiary: D - Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
PCA (Permanent Court of Arbitration)
Fortier, L. Y.
Wallgren-Lindholm, C.
Kemicha, F.
Decided in favour of investor
Award dated 5 February 2014
Data not available
4.70 mln EUR (6.30 mln USD)
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