Deripaska v. Montenegro Oleg Vladimirovich Deripaska v. the State of Montenegro (PCA Case No. 2017-07)
Russian Federation
Indirect majority ownership in the aluminium production enterprise Kombinat Aluminijuma Podgorica (KAP) and Rudnici Boksita Nikšić (RBN), a bauxite mine in the west of Montenegro.
Claims arising out of the alleged unlawful expropriation of the claimant’s investments in an aluminium production company and a bauxite mine.
Primary: B - Mining and quarrying
Secondary: C - Manufacturing
7 - Mining of metal ores
24 - Manufacture of basic metals
PCA (Permanent Court of Arbitration)
Kalicki, J. E.
Douglas, Z.
Stern, B.
Decided in favour of State
600.00 mln EUR (661.60 mln USD)
Data not available
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Indirect expropriation
None - jurisdiction declined
Judicial review by national courts
Judicial review by national courts
Award/decision upheld