Kazmin v. Latvia Eugene Kazmin v. Republic of Latvia (ICSID Case No. ARB/17/5)
Investment in KVV Liepājas Metalurgs, a steel plant on Latvia’s west coast.
Claims arising out of the Government’s alleged misconduct concerning the tender process for a steel plant, which was acquired by the Ukrainian KVV Group, a company co-owned by the claimant, and subsequent actions that allegedly rendered the plant unprofitable and caused its insolvency in 2016.
Secondary: C - Manufacturing
24 - Manufacture of basic metals
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Van Houtte, V.
Kantor, M.
Knieper, R.
Award dated 24 March 2021
89.70 mln USD
Data not available
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Umbrella clause
Not applicable - settled or discontinued before decision on liability