2002
PSEG v. Turkey PSEG Global Inc. and Konya Ilgin Elektrik Üretim ve Ticaret Limited Sirketi v. Republic of Turkey (ICSID Case No. ARB/02/5)
Turkey
United States of America
Rights under a concession agreement for the construction of a thermal power plant; assets of project company, including associated intangible property, licenses and permits.
Claims arising out of several disagreements concerning a concession contract entered into with the government for the construction of an agnite-fired thermal power plant, as well as subsequent measures adopted by the respondent such as preventing the claimant from obtaining certain necessary treasury guarantee for the project.
Tertiary: D - Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Orrego Vicuña, F.
Fortier, L. Y.
Kaufmann-Kohler, G.
Decided in favour of investor
224.00 mln USD
9.00 mln USD
Indirect expropriation

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

Full protection and security, or similar

Umbrella clause

Arbitrary, unreasonable and/or discriminatory measures
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
None