Borkowski and Rasia FZE v. Armenia Joseph K. Borkowski and Rasia FZE v. Republic of Armenia (ICSID Case No. ARB/18/28)
United States of America

United Arab Emirates
Concessions to construct and operate railway and highway routes.
Claims arising out of the Government’s alleged breach of concession contracts granted to the claimants by turning to other companies for the implementation of the infrastructure projects.
Tertiary: H - Transportation and storage
Tertiary: F - Construction
49 - Land transport and transport via pipelines
42 - Civil engineering
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Beechey, J.
Thomas, J. C.
Kalicki, J. E.
Decided in favour of State
150.00 mln USD
Data not available
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Arbitrary, unreasonable and/or discriminatory measures

Indirect expropriation

Umbrella clause
None - all claims dismissed at the merits stage
ICSID annulment proceedings
ICSID annulment proceedings
Malintoppi, L. (President)

Rhodes-Vivour, A. O. (Member)

Shin, H.-T. (Member)