Russian Federation

Russian Federation

NO. Year of initiation Short case name Full case name Applicable IIA Arbitral rules Administering institution Summary Details of investment Outcome of original proceedings Respondent State Home State of investor Economic sector Economic subsector Arbitrators Amount claimed Amount awarded (or settled for) Breaches alleged Breaches found Decisions Individual opinions Follow-on proceeding type Follow-on proceeding status Follow-on decisions Follow-on individual opinions ICSID annulment committee members
1 2019 Ukrenergo v. Russia NPC Ukrenergo v. Russian Federation Russian Federation - Ukraine BIT (1998) UNCITRAL Data not available Investment: Investments in 17 substations of the Crimea electric power system.

Summary: Claims arising out of the alleged expropriation by the Russian Federation of the claimant’s electricity infrastructure facilities and transmission lines in Crimea.
Investments in 17 substations of the Crimea electric power system. Pending Russian Federation Ukraine Tertiary: D - Electricity, gas, steam and air conditioning supply 35 - Electricity, gas, steam and air conditioning supply Collins, L. - President

King, B. D. - Claimant

Bottini, G. - Respondent
Data not available Data not available Data not available Pending Data not available Data not available None None None None None
2 2018 DTEK v. Russia PJSC DTEK Krymenergo v. the Russian Federation Russian Federation - Ukraine BIT (1998) Data not available Data not available Investment: Ownership of electric power distribution assets in Crimea.

Summary: Claims arising out of the alleged expropriation of the claimant’s electricity distribution business in the Crimea region by the Russian Federation.
Ownership of electric power distribution assets in Crimea. Pending Russian Federation Ukraine Tertiary: D - Electricity, gas, steam and air conditioning supply 35 - Electricity, gas, steam and air conditioning supply Data not available 500.00 mln USD Data not available Data not available Pending Data not available Data not available None None None None None
3 2016 Naftogaz and others v. Russia NJSC Naftogaz of Ukraine, PJSC State Joint Stock Company Chornomornaftogaz, PJSC Ukrgasvydobuvannya and others v. The Russian Federation (PCA Case No. 2017-16) Russian Federation - Ukraine BIT (1998) UNCITRAL PCA Investment: Oil and gas assets.

Summary: Claims arising out of the alleged expropriation of the claimants’ oil and gas assets in Crimea by the Russian Federation and the transfer of assets to a Russian state-owned company.
Oil and gas assets. Pending Russian Federation Ukraine Primary: B - Mining and quarrying 6 - Extraction of crude petroleum and natural gas Binnie, I. - President

Poncet, C. - Claimant

Stanivuković, M. - Respondent
5000.00 mln USD Data not available Direct expropriation

Full protection and security, or similar

Most-favoured nation treatment
Direct expropriation

Full protection and security, or similar

Most-favoured nation treatment
Award on Liability dated 22 February 2019 Dissenting Opinion None None None None None
4 2016 Oschadbank v. Russia Oschadbank v. Russian Federation (PCA Case No. 2016-14) Russian Federation - Ukraine BIT (1998) UNCITRAL PCA Investment: Ownership of a bank branch in Crimea.

Summary: Claims arising out of alleged seizure of a branch of Oschadbank in Crimea following the annexation of this territory by the Russian Federation in 2014.
Ownership of a bank branch in Crimea. Decided in favour of investor Russian Federation Ukraine Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Williams, D. A. R. - President

Brower, C. N. - Claimant

Perezcano Diaz, H. - Respondent
15000.00 mln UAH (680.00 mln USD) 1111.30 mln USD Direct expropriation Direct expropriation Award dated 26 November 2018 None None None None None None
5 2016 Rafikovich Amalyan v. Russia Artashes Rafikovich Amalyan v. Russian Federation Greece - Russian Federation BIT (1993) UNCITRAL Data not available Investment: Capital loans to the Agency of Reconstruction and Development LLC (ARR) made through Financial and Industrial Corporation SAN LLC in which the claimant acquired a 50% stake.

Summary: Claims arising out of several State organs’ alleged acts relating to a shorefront development project in which the claimant had invested, including refused registration of property rights on ARR for a 29-hectare land plot it had developed at the Voronezh river reservoir, allegedly resulting in ARR’s bankruptcy, and registration of the land in the City Administration’s favour. Based on an agreement with the City Administration, ARR had undertaken hydraulic filling works on the reservoir to create the land plot, and it had been allegedly promised ownership of the land for its ultimate development into a commercial and residential district.
Capital loans to the Agency of Reconstruction and Development LLC (ARR) made through Financial and Industrial Corporation SAN LLC in which the claimant acquired a 50% stake. Pending Russian Federation Greece Tertiary: F - Construction 42 - Civil engineering Data not available 3500.00 mln RUB (45.00 mln USD) Data not available Data not available Pending None None None None None None None
6 2015 Aberon and others v. Russia Limited Liability Company Aberon Ltd, Limited Liability Company Libset, Limited Liability Company Lugzor, Limited Liability Company Ukrinterinvest, and Public Joint Stock Company DniproAzot v. The Russian Federation (PCA Case No. 2015-29) Russian Federation - Ukraine BIT (1998) UNCITRAL PCA Investment:

Summary:
Pending Russian Federation Ukraine Tertiary: L - Real estate activities 68 - Real estate activities McRae, D. M. - President

Simma, B. - Claimant

Zuleta, E. - Respondent
Data not available Data not available Data not available Pending None None None None None None None
7 2015 Aeroport Belbek and Kolomoisky v. Russia Aeroport Belbek LLC and Igor Valerievich Kolomoisky v. The Russian Federation (PCA Case No. 2015-07) Russian Federation - Ukraine BIT (1998) UNCITRAL PCA Investment: Rights under an operations contract concerning the commercial passenger terminal at the Belbek Airport near Sevastopol including investments in various upgrades and renovations.

Summary: Claims arising out of the alleged expropriation of the commercial passenger terminal operated by the claimant at the Belbek Airport near Sevastopol following the annexation of Crimea by Russia.
Rights under an operations contract concerning the commercial passenger terminal at the Belbek Airport near Sevastopol including investments in various upgrades and renovations. Pending Russian Federation Ukraine Tertiary: H - Transportation and storage 51 - Air transport Dupuy, P.-M. - President

Bethlehem, D. - Claimant

Mikulka, V. - Respondent
15.00 mln USD Data not available Direct expropriation Direct expropriation Interim Award dated 24 February 2017

Partial Award dated 4 February 2019
None None None None None None
8 2015 Everest and others v. Russia Everest Estate LLC, Edelveis-2000 PE, Fortuna CJSC and others v. The Russian Federation (PCA Case No. 2015-36) Russian Federation - Ukraine BIT (1998) UNCITRAL PCA Investment: Ownership of a large number of properties in Crimea, including offices, apartment buildings, and villas.

Summary: Claims arising out of the alleged expropriation of properties following the 2014 Russian annexation of Crimea.
Ownership of a large number of properties in Crimea, including offices, apartment buildings, and villas. Decided in favour of investor Russian Federation Ukraine Tertiary: L - Real estate activities 68 - Real estate activities Reisman, W. M. - Claimant

Rigo Sureda, A. - President

Knieper, R. - Respondent
220.00 mln USD 130.00 mln USD Direct expropriation Direct expropriation Decision on Jurisdiction dated 20 March 2017

Award on the Merits dated 2 May 2018
None Judicial review by national courts Pending (Judicial review by national courts) None None None
9 2015 Privatbank and Finilon v. Russia PJSC CB PrivatBank and Finance Company Finilon LLC v. The Russian Federation (PCA Case No. 2015-21) Russian Federation - Ukraine BIT (1998) UNCITRAL PCA Investment: Investment of alleged USD 1 billion into the banking operations in Crimea encompassing loans, real estate and a vast automated teller machine (ATM) network.

Summary: Claims arising from the alleged expropriation of the claimants' investments in Crimea as well as its subsidiary Moskomprivatbankin following the 2014 Russian annexation of that territory including alleged confiscation of various cash holdings and real estate assets owned by the claimants, totaling nearly $200 million.
Investment of alleged USD 1 billion into the banking operations in Crimea encompassing loans, real estate and a vast automated teller machine (ATM) network. Pending Russian Federation Ukraine Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Dupuy, P.-M. - President

Bethlehem, D. - Claimant

Mikulka, V. - Respondent
1000.00 mln USD Data not available Direct expropriation Direct expropriation Interim Award dated 24 February 2017

Partial Award dated 4 February 2019
None None None None None None
10 2015 Pugachev v. Russia Sergei Viktorovich Pugachev v. The Russian Federation France - Russian Federation BIT (1989) UNCITRAL None Investment: Investments in a real estate development company; majority shareholdings in two shipbuilding enterprises and in a construction bureau; rights to develop and mine the coking coal deposit in the Tuva region of Russia; ownership of 167 land plots, and other investments.

Summary: Claims arising out of alleged expropriation by the government of the claimant’s various assets in Russia, civil and criminal proceedings instigated against the claimant and damage to other investments allegedly inflicted by the government.
Investments in a real estate development company; majority shareholdings in two shipbuilding enterprises and in a construction bureau; rights to develop and mine the coking coal deposit in the Tuva region of Russia; ownership of 167 land plots, and other investments. Decided in favour of State Russian Federation France Tertiary: L - Real estate activities

Secondary: C - Manufacturing

Primary: B - Mining and quarrying

Secondary: C - Manufacturing
68 - Real estate activities

30 - Manufacture of other transport equipment

5 - Mining of coal and lignite

19 - Manufacture of coke and refined petroleum products
Clay, T. - Claimant

Zuleta, E. - President

Cremades, B. M. - Respondent
12000.00 mln USD Data not available Customary rules of international law

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

Full protection and security, or similar

Most-favoured nation treatment

Indirect expropriation
None - jurisdiction declined Award on Jurisdiction dated 18 June 2020 Dissenting Opinion by Thomas Clay Judicial review by national courts Pending (Judicial review by national courts) None None None
11 2015 Stabil and others v. Russia Crimea-Petrol LLC, Elefteria LLC, Novel-Estate LLC and others v. The Russian Federation (PCA Case No. 2015-35) Russian Federation - Ukraine BIT (1998) UNCITRAL PCA Investment: Ownership of 31 petrol stations in Crimea.

Summary: Claims arising out of the alleged expropriation of petrol stations in Crimea following the 2014 Russian annexation of that territory.
Ownership of 31 petrol stations in Crimea. Decided in favour of investor Russian Federation Ukraine Tertiary: G - Wholesale and retail trade; repair of motor vehicles and motorcycles 47 - Retail trade, except of motor vehicles and motorcycles Price, D. M. - Claimant

Kaufmann-Kohler, G. - President

Stern, B. - Respondent
47.40 mln USD 34.50 mln USD Direct expropriation Direct expropriation Award on Jurisdiction dated 26 June 2017

Final Award dated 12 April 2019
None Judicial review by national courts

Judicial review by national courts
Award/decision upheld (Judicial review by national courts)

Award/decision upheld (Judicial review by national courts)
Judgment of the Swiss Federal Tribunal dated 16 October 2018 (Judicial review by national courts)

Judgment of the Swiss Federal Tribunal dated 12 December 2019 (Judicial review by national courts)
None None
12 2015 Ukrnafta v. Russia PJSC Ukrnafta v. The Russian Federation (PCA Case No. 2015-34) Russian Federation - Ukraine BIT (1998) UNCITRAL PCA Investment: Ownership of 16 petrol stations in the region of Crimea.

Summary: Claims arising out of the alleged expropriation of petrol stations in Crimea following the 2014 Russian annexation of that territory.
Ownership of 16 petrol stations in the region of Crimea. Decided in favour of investor Russian Federation Ukraine Tertiary: G - Wholesale and retail trade; repair of motor vehicles and motorcycles 47 - Retail trade, except of motor vehicles and motorcycles Kaufmann-Kohler, G. - President

Price, D. M. - Claimant

Stern, B. - Respondent
50.30 mln USD 44.50 mln USD Direct expropriation Direct expropriation Award on Jurisdiction dated 26 June 2017

Final Award dated 12 April 2019
None Judicial review by national courts

Judicial review by national courts
Award/decision upheld (Judicial review by national courts)

Award/decision upheld (Judicial review by national courts)
Judgment of the Swiss Federal Tribunal dated 16 October 2018 (Judicial review by national courts)

Judgment of the Swiss Federal Tribunal dated 12 December 2019 (Judicial review by national courts)
None None
13 2014 Financial Performance Holdings v. Russia Financial Performance Holdings BV (FPH) v. The Russian Federation The Energy Charter Treaty (1994) UNCITRAL PCA Investment: Loans/financing transactions.

Summary: Claims arising out of certain loans/financing transactions that were made to Yukos prior to its expropriation, but that were not recognized and repaid following the expropriation and forced bankruptcy process.
Loans/financing transactions. Discontinued Russian Federation Netherlands Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Alexandrov, S. A. - President

Haigh, D. - Claimant

Vinuesa, R. E. - Respondent
Data not available Data not available Data not available Not applicable - settled or discontinued before decision on liability None None None None None None None
14 2014 Luxtona v. Russia Luxtona Limited v. The Russian Federation The Energy Charter Treaty (1994) UNCITRAL PCA Investment: Shareholding in the Russian-incorporated Yukos Oil Company OJSC.

Summary: Claims arising out of a series of actions undertaken by the respondent against Yukos Oil Company, including arrests, large tax assessments and liens, and the auction of the main Yukos facilities, among others, which allegedly led to the bankruptcy of the company and eliminated all value of claimant's shares in Yukos.
Shareholding in the Russian-incorporated Yukos Oil Company OJSC. Pending Russian Federation Cyprus Primary: B - Mining and quarrying 6 - Extraction of crude petroleum and natural gas Crook, J. R. - President

Radicati di Brozolo, L. - Claimant

Oreamuno Blanco, R. - Respondent
Data not available Data not available Data not available Pending Interim Award dated 22 March 2017 None Judicial review by national courts Pending (Judicial review by national courts) None None None
15 2013 Yukos Capital v. Russia Yukos Capital SARL v. The Russian Federation The Energy Charter Treaty (1994) UNCITRAL PCA Investment: Investments in the Russian-incorporated Yukos Oil Company.

Summary: Claims arising out of the Government’s alleged illegal expropriation of claimant’s investments in Yukos Oil Company.
Investments in the Russian-incorporated Yukos Oil Company. Pending Russian Federation Luxembourg Primary: B - Mining and quarrying 6 - Extraction of crude petroleum and natural gas McLachlan, C. A. - President

Rowley, J. W. - Claimant

Stern, B. - Respondent
13000.00 mln USD Data not available Data not available Pending Interim Award on Jurisdiction dated 18 January 2017 None Judicial review by national courts Award/decision upheld (Judicial review by national courts) Judgment of the Swiss Federal Supreme Court dated 20 July 2017 (Judicial review by national courts) None None
16 2012 Sana Consulting v. Russia Sana Consulting & Management GmbH v. The Russian Federation Germany - Russian Federation BIT (1989) Ad hoc None Investment: Data not available

Summary: Claims arising out of an investment project in the Kaliningrad Region of Russia.
Data not available Decided in favour of State Russian Federation Germany Data not available Data not available van Houtte, H. - President

Orrego Vicuña, F. - Claimant

Hertzfeld, J. M. - Respondent
30.00 mln USD Data not available Data not available Data not available Data not available Data not available Data not available Data not available Data not available Data not available Data not available
17 2009 Cesare Galdabini v. Russia Cesare Galdabini SpA v. Russian Federation Italy - Russian Federation BIT (1996) UNCITRAL None Investment: Accounts receivable under certain supply agreement concluded between Galdabani and the respondent.

Summary: Claims arising out of Russia's alleged refusal to settle a debt owed for EUR 278’000 worth of equipment, which Galdabini supplied during the 1980s to a Soviet foreign trading enterprise for the ultimate benefit of VAZ, a private company.
Accounts receivable under certain supply agreement concluded between Galdabani and the respondent. Decided in favour of State Russian Federation Italy Secondary: C - Manufacturing 29 - Manufacture of motor vehicles, trailers and semi-trailers Kaufmann-Kohler, G. - President

Hertzfeld, J. M. - Claimant

Vilkova, N. - Respondent
392.00 mln EUR (580.00 mln USD) Data not available Data not available None - jurisdiction declined Award dated May 2011 None None None None None None
18 2009 Valle Esina v. Russia Valle Esina S.p.A. v. The Russian Federation Italy - Russian Federation BIT (1996) UNCITRAL Data not available Investment:

Summary:
Decided in favour of investor Russian Federation Italy Data not available Data not available Kaufmann-Kohler, G. - President

Bernardini, P. - Claimant

Zykin, I. S. - Respondent
Data not available 9.90 mln EUR (11.30 mln USD) Direct expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Direct expropriation Award dated June 2014 None None None None None None
19 2007 Renta 4 S.V.S.A and others v. Russia Quasar de Valores SICAV S.A., Orgor de Valores SICAV S.A., GBI 9000 SICAV S.A. and ALOS 34 S.L. v. The Russian Federation (SCC Case No. 24/2007) Russian Federation - Spain BIT (1990) SCC SCC Investment: Ownership of Yukos American Depository Receipts, related to the value of Russian-incorporated Yukos Oil Company.

Summary: Claims arising out of a series of actions undertaken by the respondent against Yukos Oil Company, including arrests, large tax assessments and liens, and the auction of the main Yukos facilities, among others, which allegedly led to the bankruptcy of the company and eliminated all value of claimants' American Depository Receipts in Yukos.
Ownership of Yukos American Depository Receipts, related to the value of Russian-incorporated Yukos Oil Company. Decided in favour of investor Russian Federation Spain Primary: B - Mining and quarrying 6 - Extraction of crude petroleum and natural gas Paulsson, J. - President

Brower, C. N. - Claimant

Landau, T. - Respondent
2.60 mln USD 2.00 mln USD Direct expropriation

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

Most-favoured nation treatment
Direct expropriation Award on Preliminary Objections dated 20 March 2009

Award dated 20 July 2012
Separate Opinion of Charles N. Brower (Award on Preliminary Objections) Judicial review by national courts

Judicial review by national courts
Award/decision upheld (Judicial review by national courts)

Award/decision set aside in its entirety (Judicial review by national courts)
Ruling of the Stockholm District Court dated 11 September 2014 (Judicial review by national courts)

Judgment of the Svea Court of Appeal dated 18 January 2016 (Judicial review by national courts)
None None
20 2005 Hulley Enterprises v. Russia Hulley Enterprises Ltd. v. Russian Federation (PCA Case No. 2005-03/AA226) The Energy Charter Treaty (1994) UNCITRAL PCA Investment: Shareholding in the Russian-incorporated Yukos Oil Company OJSC.

Summary: Claims arising out of a series of actions undertaken by the respondent against Yukos Oil Company, including arrests, large tax assessments and liens, and the auction of the main Yukos facilities, among others, which allegedly led to the bankruptcy of the company and eliminated all value of claimant's shares in Yukos.
Shareholding in the Russian-incorporated Yukos Oil Company OJSC. Decided in favour of investor Russian Federation Cyprus Primary: B - Mining and quarrying 6 - Extraction of crude petroleum and natural gas Fortier, L. Y. - President

Poncet, C. - Claimant

Kaufmann-Kohler, G. - Claimant (replaced)

Price, D. M. - Claimant (replaced)

Schwebel, S. M. - Respondent
91200.00 mln USD 40000.00 mln USD Indirect expropriation

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

Arbitrary, unreasonable and/or discriminatory measures
Indirect expropriation Interim Award on Jurisdiction and Admissibility dated 30 November 2009

Final Award dated 18 July 2014
None Judicial review by national courts

Judicial review by national courts
Award/decision set aside in its entirety (Judicial review by national courts)

Award/decision upheld (Judicial review by national courts)
Judgment of the Hague District Court dated 20 April 2016 (Judicial review by national courts)

Judgment of the Hague Court of Appeal dated 18 February 2020 (Dutch) (Judicial review by national courts)

Judgment of the Hague Court of Appeal dated 18 February 2020 (Unofficial English translation) (Judicial review by national courts)
None None
21 2005 RosInvest v. Russia RosInvestCo UK Ltd. v. The Russian Federation (SCC Case No. 079/2005) Russian Federation - United Kingdom BIT (1989) SCC SCC Investment: Shareholding in the Russian-incorporated Yukos Oil Company OJSC.

Summary: Claims arising out of a series of actions undertaken by the respondent against Yukos Oil Company, including arrests, large tax assessments and liens, and the auction of the main Yukos facilities, among others, which allegedly led to the bankruptcy of the company and eliminated all value of claimant's 7 million shares in Yukos.
Shareholding in the Russian-incorporated Yukos Oil Company OJSC. Decided in favour of investor Russian Federation United Kingdom Primary: B - Mining and quarrying 6 - Extraction of crude petroleum and natural gas Böckstiegel, K.-H. - President

Steyn, J. - Unknown

Berman, F. - Unknown
232.70 mln USD 3.50 mln USD Indirect expropriation Indirect expropriation Award on Jurisdiction dated October 2007

Final Award dated 12 September 2010
None Judicial review by national courts Award/decision partially set aside (Judicial review by national courts) Challenge to Jurisdiction dated 12 November 2010 (Judicial review by national courts)

Default Judgment of the Swedish District Court dated 9 November 2011 (Judicial review by national courts)

Judgment of the Svea Court of Appeal (Svea Hovrätt) dated 5 September 2013 (Judicial review by national courts)
None None
22 2005 Veteran Petroleum v. Russia Veteran Petroleum Limited v. The Russian Federation (PCA Case No. 2005-05/AA228) The Energy Charter Treaty (1994) UNCITRAL PCA Investment: Shareholding in the Russian-incorporated Yukos Oil Company OJSC.

Summary: Claims arising out of a series of actions undertaken by the respondent against Yukos Oil Company, including arrests, large tax assessments and liens, and the auction of the main Yukos facilities, among others, which allegedly led to the bankruptcy of the company and eliminated all value of claimant's shares in Yukos.
Shareholding in the Russian-incorporated Yukos Oil Company OJSC. Decided in favour of investor Russian Federation Cyprus Primary: B - Mining and quarrying 6 - Extraction of crude petroleum and natural gas Fortier, L. Y. - President

Poncet, C. - Claimant

Kaufmann-Kohler, G. - Claimant (replaced)

Price, D. M. - Claimant (replaced)

Schwebel, S. M. - Respondent
18700.00 mln USD 8203.00 mln USD Indirect expropriation

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

Arbitrary, unreasonable and/or discriminatory measures
Indirect expropriation Interim Award on Jurisdiction and Admissibility dated 30 November 2009

Final Award dated 18 July 2014
None Judicial review by national courts

Judicial review by national courts
Award/decision set aside in its entirety (Judicial review by national courts)

Award/decision upheld (Judicial review by national courts)
Judgment of the Hague District Court dated 20 April 2016 (Judicial review by national courts)

Judgment of the Hague Court of Appeal dated 18 February 2020 (Dutch) (Judicial review by national courts)

Judgment of the Hague Court of Appeal dated 18 February 2020 (Unofficial English translation) (Judicial review by national courts)
None None
23 2005 Yukos Universal v. Russia Yukos Universal Limited (Isle of Man) v. The Russian Federation (PCA Case No. 2005-04/AA227) The Energy Charter Treaty (1994) UNCITRAL PCA Investment: Shareholding in the Russian-incorporated Yukos Oil Company OJSC.

Summary: Claims arising out of a series of actions undertaken by the respondent against Yukos Oil Company, including arrests, large tax assessments and liens, and the auction of the main Yukos facilities, among others, which allegedly led to the bankruptcy of the company and eliminated all value of claimant's shares in Yukos.
Shareholding in the Russian-incorporated Yukos Oil Company OJSC. Decided in favour of investor Russian Federation United Kingdom Primary: B - Mining and quarrying 6 - Extraction of crude petroleum and natural gas Fortier, L. Y. - President

Poncet, C. - Claimant

Kaufmann-Kohler, G. - Claimant (replaced)

Price, D. M. - Claimant (replaced)

Schwebel, S. M. - Respondent
4100.00 mln USD 1846.00 mln USD Indirect expropriation

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

Arbitrary, unreasonable and/or discriminatory measures
Indirect expropriation Interim Award on Jurisdiction and Admissibility dated 30 November 2009

Final Award dated 18 July 2014
None Judicial review by national courts

Judicial review by national courts

Judicial review by national courts
Award/decision upheld (Judicial review by national courts)

Award/decision set aside in its entirety (Judicial review by national courts)

Award/decision upheld (Judicial review by national courts)
Ruling of the Stockholm District Court on Jurisdiction dated 11 September 2014 (Judicial review by national courts)

Judgment of the Hague District Court dated 20 April 2016 (Judicial review by national courts)

Judgment of the Hague Court of Appeal dated 18 February 2020 (Dutch) (Judicial review by national courts)

Judgment of the Hague Court of Appeal dated 18 February 2020 (Unofficial English translation) (Judicial review by national courts)
None None
24 2004 Berschader v. Russia Vladimir Berschader and Michael Berschader v. Russian Federation (SCC Case No. 080/2004) Belgium/Luxembourg - Russian Federation BIT (1989) SCC SCC Investment: Sole shareholders in Belgian company that had a construction contract with Russia's Supreme Court.

Summary: Claims arising out of late payments under a construction contract for the rehabilitation of the Russian Supreme Court building.
Sole shareholders in Belgian company that had a construction contract with Russia's Supreme Court. Decided in favour of State Russian Federation Belgium Tertiary: F - Construction 41 - Construction of buildings Weiler, T. - Claimant

Lebedev, S. N. - Respondent

Komarov, A. S. - Respondent (replaced)

Sjovall, B. - President
13.20 mln USD Data not available Indirect expropriation

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

Full protection and security, or similar

Umbrella clause
None - jurisdiction declined Award dated 21 April 2006 Separate Opinion of Mr. Todd Weiler (Award) None None None None None
25 2000 UK Bank v. Russia UK Bank v. Russian Federation Russian Federation - United Kingdom BIT (1989) SCC SCC Investment: Sovereign bonds.

Summary: Claims arising out of the default on sovereign bonds during the Russian financial crisis.
Sovereign bonds. Settled Russian Federation United Kingdom Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Data not available Data not available Data not available Data not available Not applicable - settled or discontinued before decision on liability Data not available Data not available Data not available Data not available Data not available Data not available Data not available
26 1996 Sedelmayer v. Russia Mr. Franz Sedelmayer v. The Russian Federation Germany - Russian Federation BIT (1989) SCC SCC Investment: Property rights in joint stock company engaged in the delivery of law enforcement equipment and relevant training.

Summary: Claims arising out of the alleged confiscation of the investor's property as a result of certain directive issued by the President of the Russian Federation ordering transfer of the claimant's assets to a state agency.
Property rights in joint stock company engaged in the delivery of law enforcement equipment and relevant training. Decided in favour of investor Russian Federation Germany Tertiary: N - Administrative and support service activities 80 - Security and investigation activities Magnusson, S. - President

Wachler, J. P. - Claimant

Zykin, I. S. - Respondent
7.60 mln USD 2.30 mln USD Direct expropriation Direct expropriation Arbitration Award dated 7 July 1998 Dissenting Opinion of Arbitrator Prof. Ivan S. Zykin (Arbitration Award) Judicial review by national courts Award/decision upheld (Judicial review by national courts) Judgment of the City Court of Stockholm dated 18 December 2002 (Judicial review by national courts)

Judgment of the Svea Court of Appeal dated 15 June 2005 (Judicial review by national courts)
None None
NO. Year of initiation Short case name Full case name Applicable IIA Arbitral rules Administering institution Summary Details of investment Outcome of original proceedings Respondent State Home State of investor Economic sector Economic subsector Arbitrators Amount claimed Amount awarded (or settled for) Breaches alleged Breaches found Decisions Individual opinions Follow-on proceeding type Follow-on proceeding status Follow-on decisions Follow-on individual opinions ICSID annulment committee members
1 2019 Russian Fund v. Lithuania Russian Fund for the Protection of Investors’ Rights in Foreign States v. Lithuania Lithuania - Russian Federation BIT (1999) UNCITRAL Data not available Investment: Majority shareholding (68% of shares held by Vladimir Antonov) in Bankas Snoras, a now defunct Lithuanian bank.

Summary: Claims arising out of the nationalization of Snoras bank in 2011 related to purported insolvency risks and suspected criminal activity, and the bank’s ensuing liquidation.
Majority shareholding (68% of shares held by Vladimir Antonov) in Bankas Snoras, a now defunct Lithuanian bank. Pending Lithuania Russian Federation Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Lévy, L. - President

Park, W. W. - Claimant

Thomas, J. C. - Respondent
300.00 mln USD Data not available Data not available Pending None None None None None None None
2 2019 VEB v. Ukraine Vnesheconombank v. Ukraine Russian Federation - Ukraine BIT (1998) SCC SCC Investment: 99.8% shareholding in Prominvestbank, a Ukrainian commercial bank.

Summary: Claims arising out of the Government’s alleged confiscation of shares held by the claimant, a state-owned Russian company, in its Ukrainian subsidiary Prominvestbank and the ban of the subsidiary’s business operations with the parent company.
99.8% shareholding in Prominvestbank, a Ukrainian commercial bank. Pending Ukraine Russian Federation Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Data not available 200.00 mln USD Data not available Data not available Pending None None None None None None None
3 2018 Gazprom v. Ukraine PJSC Gazprom v. Ukraine (PCA Case No. 2019-10) Russian Federation - Ukraine BIT (1998) UNCITRAL PCA Investment: Shareholdings in JSC Gaztranzit, PJSC Yuzhniigiprogaz Institute, LLC Gazprom sbyt Ukraine, and LLC International Consortium for the Ukrainian Gas Transmission System Management and Development.

Summary: Claims arising out of a multi-billion dollar fine imposed on the claimant by Ukraine’s Antimonopoly Committee in 2016 for violation of competition laws. Allegedly, subsequent enforcement actions included the forced sale of the claimant’s shares in a company.
Shareholdings in JSC Gaztranzit, PJSC Yuzhniigiprogaz Institute, LLC Gazprom sbyt Ukraine, and LLC International Consortium for the Ukrainian Gas Transmission System Management and Development. Settled Ukraine Russian Federation Tertiary: D - Electricity, gas, steam and air conditioning supply 35 - Electricity, gas, steam and air conditioning supply Mayer, P. - President

Beechey, J. - Claimant

Stern, B. - Respondent
Data not available Data not available Data not available Not applicable - settled or discontinued before decision on liability Order terminating the arbitration dated 17 February 2020 None None None None None None
4 2018 GRAND EXPRESS v. Belarus GRAND EXPRESS Non-Public Joint Stock Company v. Republic of Belarus (ICSID Case No. ARB(AF)/18/1) Treaty on Eurasian Economic Union (2014)

Eurasian Investment Agreement (2008)
ICSID AF ICSID Investment: Participation in a joint venture to develop railcar manufacturing capacity in Belarus.

Summary:
Participation in a joint venture to develop railcar manufacturing capacity in Belarus. Pending Belarus Russian Federation Secondary: C - Manufacturing 30 - Manufacture of other transport equipment Lévy, L. - President

Alexandrov, S. A. - Claimant

Thomas, J. C. - Respondent
Data not available Data not available Data not available Pending None None None None None None None
5 2018 Lazareva v. Kuwait Maria Lazareva v. The State of Kuwait Kuwait - Russian Federation BIT (1994) UNCITRAL Data not available Investment: Shareholding in KGL Investment K.S.C.C. (“KGLI”), a Kuwaiti investment company.

Summary: Claims arising out of a series of measures by Kuwaiti authorities, including the allegedly unsubstantiated charges against the claimant, her harassment, improper detention and the allegedly wrongful 10-year imprisonment, which inter alia decreased the value of the claimant’s investment.
Shareholding in KGL Investment K.S.C.C. (“KGLI”), a Kuwaiti investment company. Pending Kuwait Russian Federation Data not available Data not available Unterhalter, D. - President

Brower, C. N. - Claimant

Bottini, G. - Respondent
100.00 mln USD Data not available Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Arbitrary, unreasonable and/or discriminatory measures

Most-favoured nation treatment

Indirect expropriation

Other
Pending None None None None None None None
6 2018 Manolium Processing v. Belarus OOO Manolium Processing v. The Republic of Belarus (PCA Case No. 2018-06) Treaty on Eurasian Economic Union (2014) UNCITRAL PCA Investment: Contract concluded with the Government for the construction of buildings in Minsk and its outskirts.

Summary: Claims arising out of the Government’s termination of a 2003 investment agreement to develop land in Minsk for the construction of a luxury hotel, upon vacating the area from a trolley bus parking facility and rebuilding it on the city outskirts. Challenged measures also include the alleged confiscation of the relocated facility by the Government in order to cover a USD 20 million tax debt imposed on the claimant.
Contract concluded with the Government for the construction of buildings in Minsk and its outskirts. Pending Belarus Russian Federation Tertiary: F - Construction 41 - Construction of buildings Fernández-Armesto, J. - President

Alexandrov, S. A. - Claimant

Stern, B. - Respondent
Data not available Data not available Data not available Pending None None None None None None None
7 2018 MTS v. Turkmenistan (II) Public Joint Stock Company Mobile TeleSystems v. Turkmenistan (II) (ICSID Case No. ARB(AF)/18/4) Russian Federation - Turkmenistan BIT (2009) ICSID AF ICSID Investment: Ownership of MTS-Turkmenistan (100 per cent shareholding), a local subsidiary holding telecommunication licences.

Summary: Claims arising out of alleged actions by the Government and state-owned entities that forced the claimant’s subsidiary to suspend its business operations in the country.
Ownership of MTS-Turkmenistan (100 per cent shareholding), a local subsidiary holding telecommunication licences. Pending Turkmenistan Russian Federation Tertiary: J - Information and communication 61 - Telecommunications Elsing, S. H. - President

Patocchi, P. M. - Claimant

Townsend, J. M. - Respondent
750.00 mln USD Data not available Data not available Pending None None None None None None None
8 2018 RusHydro v. Kyrgyzstan PJSC RusHydro v. Kyrgyz Republic (PCA Case No. 2018-21) Eurasian Investment Agreement (2008)

Treaty on Eurasian Economic Union (2014)
UNCITRAL PCA Investment: Shareholding of 50 per cent in a joint venture with state-owned company OJSC Electric Power Plants to build four hydroelectric power plants in the Naryn region.

Summary: Claims arising out of the Government’s termination of an intergovernmental agreement for the construction and operation of the Upper-Naryn hydroelectric power plants, in which the claimant participated as a joint venture partner, and alleged failure to reimburse the claimant for costs incurred related to the construction project.
Shareholding of 50 per cent in a joint venture with state-owned company OJSC Electric Power Plants to build four hydroelectric power plants in the Naryn region. Pending Kyrgyzstan Russian Federation Tertiary: D - Electricity, gas, steam and air conditioning supply

Tertiary: F - Construction
35 - Electricity, gas, steam and air conditioning supply

42 - Civil engineering
Tomka, P. - President

Alexandrov, S. A. - Claimant

Thomas, C. - Respondent
37.00 mln USD Data not available Data not available Pending None None None None None None None
9 2017 Boyko v. Ukraine Igor Boyko v. Ukraine (PCA Case No. 2017-23) Russian Federation - Ukraine BIT (1998) UNCITRAL PCA Investment: Investments in Zhytomyrski Lasoschi, a chocolate factory in northwestern Ukraine.

Summary: Claims arising out of the alleged takeover and seizure of the claimant’s chocolate factory.
Investments in Zhytomyrski Lasoschi, a chocolate factory in northwestern Ukraine. Pending Ukraine Russian Federation Secondary: C - Manufacturing 10 - Manufacture of food products Caron, D. D. - President (replaced)

Verhoosel, G. - Claimant

Volterra, R. - Respondent

Name not available - President
100.00 mln USD Data not available Data not available Pending None None None None None None None
10 2017 MetroJet v. Egypt MetroJet (Kogalymavia) Limited v. Arab Republic of Egypt Egypt - Russian Federation BIT (1997) UNCITRAL PCA Investment:

Summary:
Pending Egypt Russian Federation Tertiary: H - Transportation and storage 51 - Air transport Data not available Data not available Data not available Data not available Pending Data not available Data not available None None None None None
11 2016 Deripaska v. Montenegro Oleg Vladimirovich Deripaska v. the State of Montenegro (PCA Case No. 2017-07) Russian Federation - Yugoslavia (former) BIT (1995) UNCITRAL PCA Investment: 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.

Summary: Claims arising out of the alleged unlawful expropriation of the claimant’s investments in an aluminium production company and a bauxite mine.
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. Decided in favour of State Montenegro Russian Federation Primary: B - Mining and quarrying

Secondary: C - Manufacturing
7 - Mining of metal ores

24 - Manufacture of basic metals
Kalicki, J. E. - President

Douglas, Z. - Claimant

Stern, B. - Respondent
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 Award dated 15 October 2019 None None None None None None
12 2016 Evrobalt and Kompozit v. Moldova Evrobalt LLC and Kompozit LLC v. Moldova Moldova, Republic of - Russian Federation BIT (1998) SCC SCC Investment: Shareholdings in Agroindbank, a Moldovan commercial bank.

Summary: Claims arising out of the Moldovan National Bank’s decision obliging the claimants to sell their shares in Agroindbank within a three-month period and ordering the cancellation of the shares after this period.
Shareholdings in Agroindbank, a Moldovan commercial bank. Decided in favour of State Moldova, Republic of Russian Federation Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Andersson, F. - President

Pryles, M. C. - Claimant

von Schlabrendorff, F. - Respondent
Data not available Data not available Direct expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Data not available Award dated 2017 None None None None None None
13 2016 Tatarstan v. Ukraine Ministry of Land and Property of the Republic of Tatarstan v. Ukraine Russian Federation - Ukraine BIT (1998) UNCITRAL Data not available Investment: 28.78% shareholding in the Ukrainian company PJSC “Ukrtatnafta” (owner of the Kremenchug oil refinery in the Poltava region).

Summary: Claims arising out of the alleged taking of the claimant’s shares in the Ukrainian oil refinery “Ukrtatnafta” as a result of several allegedly illegal decisions of the Ukrainian courts rendered in 2007 and thereafter.
28.78% shareholding in the Ukrainian company PJSC “Ukrtatnafta” (owner of the Kremenchug oil refinery in the Poltava region). Pending Ukraine Russian Federation Primary: B - Mining and quarrying 6 - Extraction of crude petroleum and natural gas Reed, L. - President

Böckstiegel, K.-H. - Claimant (replaced)

Sands, P. - Respondent

Beechey, J. - Claimant
300.00 mln USD Data not available Data not available Pending Decision on Jurisdiction dated 9 December 2019 None None None None None None
14 2014 TSIKinvest v. Moldova TSIKinvest LLC v. Republic of Moldova Moldova, Republic of - Russian Federation BIT (1998) SCC SCC Investment: Shareholding of 4.16 per cent in the capital of Victoriabank, a Moldovan bank.

Summary: Claims arising out of the suspension of claimant’s voting rights in a Moldovan bank and the forced sale of its shares within 3 months allegedly ordered by Moldova’s national bank.
Shareholding of 4.16 per cent in the capital of Victoriabank, a Moldovan bank. Discontinued Moldova, Republic of Russian Federation Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Data not available Data not available Data not available Direct expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Not applicable - settled or discontinued before decision on liability None None None None None None None
15 2012 Bogdanov v. Moldova (IV) Yuri Bogdanov and Yulia Bogdanova v. Republic of Moldova (SCC Case No. 091/2012) (IV) Moldova, Republic of - Russian Federation BIT (1998) SCC SCC Investment: Ownership of paint-manufacturing company.

Summary: Claims arising out of alleged tax and environmental policy modifications which adversely affected the claimant's operation of a local company involved in the production and sale of paints, varnishes and similar products in Moldova.
Ownership of paint-manufacturing company. Decided in favour of State Moldova, Republic of Russian Federation Secondary: C - Manufacturing 20 - Manufacture of chemicals and chemical products Sjovall, B. - Sole arbitrator 1.50 mln MDL (0.12 mln USD) Data not available Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Arbitrary, unreasonable and/or discriminatory measures
None - all claims dismissed at the merits stage Final Award dated 16 April 2013 None None None None None None
16 2012 Gazprom v. Lithuania OAO Gazprom v. The Republic of Lithuania (PCA Case No. 2011-16) Lithuania - Russian Federation BIT (1999) UNCITRAL PCA Investment: Minority shareholding in a Lithuanian gas distribution company.

Summary: Claims arising out of the alleged forced sale of Gazprom's stake in Lietuvos Dujos, Lithuania's gas distribution company, in the context of an EU-mandated gas market reform.
Minority shareholding in a Lithuanian gas distribution company. Discontinued Lithuania Russian Federation Tertiary: D - Electricity, gas, steam and air conditioning supply 35 - Electricity, gas, steam and air conditioning supply Simma, B. - President

Böckstiegel, K.-H. - Claimant

Lowe, V. - Respondent
Data not available Data not available Data not available Not applicable - settled or discontinued before decision on liability Award on costs and order for the termination of the proceedings dated 31 March 2015 None None None None None None
17 2012 Nadel v. Kyrgyzstan Mikhail Nadel and Ithaca Holdings Inc. v. Kyrgyzstan Kyrgyzstan - United States of America BIT (1993) UNCITRAL Data not available Investment: Minority shareholding in Asia Universal Bank, a Kyrgyzstan-based commercial bank.

Summary: Claims arising out of alleged losses relating to claimants' shareholding in a commercial bank nationalized by Kyrgyzstan.
Minority shareholding in Asia Universal Bank, a Kyrgyzstan-based commercial bank. Discontinued Kyrgyzstan Russian Federation

United States of America
Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Reichert, K. - President

DeWitt, R. - Claimant

Stern, B. - Respondent
400.00 mln USD Data not available Data not available Not applicable - settled or discontinued before decision on liability Award on costs dated 31 October 2013 None None None None None None
18 2012 Naumchenko and others v. India Maxim Naumchenko, Andrey Poluektov and Tenoch Holdings Limited v. The Republic of India (PCA Case No. 2013-23) India - Russian Federation BIT (1994)

Cyprus - India BIT (2002)
UNCITRAL PCA Investment: Majority shareholding in the Indian telecoms company ByCell India.

Summary: Claims arising out of the withdrawal by Indian authorities of an approval to grant frequency allocation licences to claimants' local telecoms company ByCell, after it had previously obtained clearance from India's Foreign Investment Board.
Majority shareholding in the Indian telecoms company ByCell India. Pending India Russian Federation

Cyprus
Tertiary: J - Information and communication 61 - Telecommunications Sepúlveda Amor, B. - President

Brower, C. N. - Claimant

Stern, B. - Respondent
400.00 mln USD Data not available Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Arbitrary, unreasonable and/or discriminatory measures
Pending None None None None None None None
19 2011 MTS v. Turkmenistan (I) Mobile TeleSystems OJSC v. Turkmenistan (I) (ICSID Case No. ARB(AF)/11/4) Russian Federation - Turkmenistan BIT (2009) ICSID ICSID Investment: Rights under telecommunication licenses held by Mobile TeleSystems' wholly-owned U.S. subsidiary company.

Summary: Claims arising out of the Government's decision to suspend claimant's subsidiary license to provide telecommunications services in Turkmenistan and not to renew claimants' five-year contracts, which caused MTS to cease its operations in the telecommunications market in Turkmenistan after the expiration of its initial license.
Rights under telecommunication licenses held by Mobile TeleSystems' wholly-owned U.S. subsidiary company. Settled Turkmenistan Russian Federation Tertiary: J - Information and communication 61 - Telecommunications McLachlan, C. A. - President

Pryles, M. C. - Claimant

Buergenthal, T. - Respondent
800.00 mln USD Non-pecuniary relief Data not available Not applicable - settled or discontinued before decision on liability Order taking note of the discontinuance of the proceeding issued by the Tribunal dated 21 September 2012, pursuant to ICSID Arbitration (Additional Facility) Rule 49(1) None None None None None None
20 2009 Bogdanov v. Moldova (III) Yury Bogdanov v. Republic of Moldova (III) (SCC Case No. 114/2009) Moldova, Republic of - Russian Federation BIT (1998) SCC SCC Investment: Ownership of the chemicals import company "Grand Torg", domiciled in the Free Enterprise Zone Expo-Business-Chisinau.

Summary: Claims arising out of the alleged wrongdoing on the part of Moldova's Customs Department, after it supposedly restricted the operations of claimant's company in a so-called free economic zone by unilaterally collecting from claimant's investment a fee for each customs declaration which was considered by the investor as a more onerous customs regime than that existing at its time of registration.
Ownership of the chemicals import company "Grand Torg", domiciled in the Free Enterprise Zone Expo-Business-Chisinau. Decided in favour of investor Moldova, Republic of Russian Federation Secondary: C - Manufacturing 20 - Manufacture of chemicals and chemical products Nilsson, B. G. H. - Sole arbitrator 0.52 mln MDL (0.04 mln USD) 0.47 mln MDL (0.03 mln USD) Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Arbitrary, unreasonable and/or discriminatory measures
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Arbitrary, unreasonable and/or discriminatory measures
Final Award dated 30 March 2010 None None None None None None
21 2008 Tatneft v. Ukraine OJSC “Tatneft” v. Ukraine Russian Federation - Ukraine BIT (1998) UNCITRAL PCA Investment: Shareholding in the Ukrainian company Ukrtatnafta.

Summary: Claims arising out of the Government's taking of claimant's shares in the Ukrainian oil refinery “Ukrtatnafta” followed by the physical takeover of such company.
Shareholding in the Ukrainian company Ukrtatnafta. Decided in favour of investor Ukraine Russian Federation Primary: B - Mining and quarrying 6 - Extraction of crude petroleum and natural gas Orrego Vicuña, F. - President

Brower, C. N. - Claimant

Lalonde, M. - Respondent
2400.00 mln USD 112.00 mln USD Direct expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims Partial Award on Jurisdiction dated 28 September 2010

Award dated 29 July 2014
None Judicial review by national courts Award/decision upheld (Judicial review by national courts) Judgment of Paris Court of Appeal dated 29 November 2016 (Judicial review by national courts) None None
22 2007 Kaliningrad v. Lithuania Kaliningrad Region v. Lithuania Lithuania - Russian Federation BIT (1999) ICC ICC Investment: Ownership of a building in Lithuania.

Summary: Claims arising out of the seizure of a Lithuanian-based building owned by the Kaliningrad regional government by order of Lithuanian courts enforcing a LCIA arbitral award previously rendered against the claimant.
Ownership of a building in Lithuania. Decided in favour of State Lithuania Russian Federation Tertiary: L - Real estate activities 68 - Real estate activities Böckstiegel, K.-H. - President

Lebedev, S. N. - Unknown

Rosell, J. - Unknown
Data not available Data not available Indirect expropriation None - jurisdiction declined Final Award dated 28 January 2009 None Judicial review by national courts Award/decision upheld (Judicial review by national courts) Judgment of the Paris Court of Appeal on application to set aside award dated 18 November 2010 (Judicial review by national courts) None None
23 2007 Paushok v. Mongolia Sergei Paushok, CJSC Golden East Company and CJSCVostokneftegaz Company v. The Government of Mongolia Mongolia - Russian Federation BIT (1995) UNCITRAL None Investment: Direct and indirect ownership of all outstanding shares of two Mongolian gold mining companies (KOO Golden East-Mongolia and KOO Bumbat) and an oil and gas company (KOO Vostokneftegaz) operating in Mongolia; capital contributions to these companies.

Summary: Claims arising out of the Government's enactment of the law "On Imposition of Price Increase (Windfall) Taxes on Some Commodities" which included the sale of gold and the law "On Minerals" that allegedly affected claimants' investments in the business of exploring and developing placer gold deposits in Mongolia.
Direct and indirect ownership of all outstanding shares of two Mongolian gold mining companies (KOO Golden East-Mongolia and KOO Bumbat) and an oil and gas company (KOO Vostokneftegaz) operating in Mongolia; capital contributions to these companies. Data not available Mongolia Russian Federation Primary: B - Mining and quarrying 7 - Mining of metal ores Lalonde, M. - President

Grigera Naón, H. A. - Claimant

Stern, B. - Respondent
1000.00 mln USD Data not available Indirect expropriation

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

Full protection and security, or similar

National treatment

Most-favoured nation treatment

Customary rules of international law

Arbitrary, unreasonable and/or discriminatory measures
Data not available Award on Jurisdiction and Liability dated 28 April 2011 None None None None None None
24 2005 Bogdanov v. Moldova (II) Iurii Bogdanov, Agurdino-Invest Ltd. and Agurdino-Chimia JSC v. Republic of Moldova (II) Moldova, Republic of - Russian Federation BIT (1998) SCC SCC Investment: Ownership of a paint-manufacturing company.

Summary: Claims arising out of the alleged wrongdoing on the part of Moldova's Customs Department, after it supposedly restricted the operations of claimant's paint-manufacturing company in a so-called free economic zone.
Ownership of a paint-manufacturing company. Decided in favour of State Moldova, Republic of Russian Federation Secondary: C - Manufacturing 20 - Manufacture of chemicals and chemical products Data not available Data not available Data not available Data not available None - all claims dismissed at the merits stage Award dated 31 January 2006 None Data not available Data not available Data not available Data not available Data not available
25 2004 Bogdanov v. Moldova (I) Iurii Bogdanov, Agurdino-Invest Ltd and Agurdino-Chimia JSC v. Republic of Moldova (I) Moldova, Republic of - Russian Federation BIT (1998) SCC SCC Investment: Ownership of local investment company that had a privatization contract with Moldovan authorities for the purchase of a majority shareholding in the capital of certain privatized company.

Summary: Claims arising out of the Moldovan Department of Privatization's refusal to fully compensate the value of the investors' assets that were transferred to the State in accordance with certain privatization contract.
Ownership of local investment company that had a privatization contract with Moldovan authorities for the purchase of a majority shareholding in the capital of certain privatized company. Decided in favour of investor Moldova, Republic of Russian Federation Tertiary: M - Professional, scientific and technical activities 74 - Other professional, scientific and technical activities Cordero-Moss, G. - Sole arbitrator 0.62 mln MDL (0.04 mln USD) 0.69 mln MDL (0.05 mln USD) Indirect expropriation

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

Full protection and security, or similar
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims Award dated 22 September 2005 None None None None None None