RAKIA v. India Ras-AI-Khaimah Investment Authority v. India
United Arab Emirates
Shareholding in ANRAK Aluminium Ltd ("ANRAK"), an Indian company incorporated to establish and operate an alumina and aluminium refinery and smelter in the state of Andhra Pradesh in South India.
Claims arising out of the alleged non-fulfillment and subsequent cancellation of a memorandum of understanding signed in 2007 between the Government of the Indian state of Andhra Pradesh and the claimant. In the memorandum, the state government agreed to direct a state-owned mining company to supply bauxite to ANRAK, a company in the claimant held shares, in order for ANRAK to operate an alumina and aluminium refinery and smelter.
Secondary: C - Manufacturing
24 - Manufacture of basic metals
Data not available
Hoffmann, L.
Rowley, J. W.
Prasad, C. K.
Decided in favour of State
Award dated 11 May 2022
44.71 mln USD
Data not available
Data not available
None - jurisdiction declined