In Metal-Tech Ltd. v. Republic of Uzbekistan, an International Centre for Settlement of Investment Disputes (ICSID) panel unanimously dismissed an investment claim by an Israeli investor filed pursuant to the Israel-Uzbekistan Bilateral Investment Treaty (BIT) against Uzbekistan. The tribunal concluded that it lacked jurisdiction to hear the dispute because the investment was not “implemented,” i.e., “established” in accordance with the laws and regulations of Uzbekistan as it was the result of corrupt practices by the investor. To reach this conclusion, the tribunal relied, inter alia, on the requirement of consent as set forth in Article 46 of the ICSID Convention. Ultimately, the tribunal decided that as a consequence of having no jurisdiction over the claims, it had no jurisdiction over Uzbekistan’s counterclaims.