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Case summary – İçkale İnşaat Limited Şirketi v. Turkmenistan, ICSID Case No. ARB/10/24

Published online by Cambridge University Press:  01 June 2016

Jonathan Chevry
Jonathan Chevry*
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Works as a Jurist in White & Case LLP, but writes in a purely personal capacity
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Extract

In İçkale İnşaat Limited Şirketi v. Turkmenistan, the investment arbitral tribunal's majority issued an award in March 2016, under the Turkmenistan–Turkey Bilateral Investment Treaty (the BIT), dismissing all of the claimant's claims in their entirety.

Type
Case Summaries
Information
World Trade Review , Volume 15 , Issue 3 , July 2016 , pp. 528 - 531
Copyright
Copyright © Jonathan Chevry 2016 

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Footnotes

Case Summaries: International Investment Law

The following summaries provide a brief factual background and describe the key findings of recent investor-State arbitration cases.

References

1 İçkale İnşaat Limited Şirketi v. Turkmenistan, Award, 8 March 2016, ICSID Case No. ARB/10/24 (hereinafter Içkale v. Turkmenistan, Award)

2 Içkale v. Turkmenistan, Partially Dissenting Opinion of Ms Carolyn B. Lamm, 8 March 2016 (hereinafter Içkale v. Turkmenistan, Lamm's Dissent) and Içkale v. Turkmenistan, Partially Dissenting Opinion of Professor Philippe Sands QC, 8 March 2016 (hereinafter Içkale v. Turkmenistan, Sands’ Dissent).

3 Içkale v. Turkmenistan, Award, para. 113.

4 Ibid., para. 4.

5 Ibid., para. 7.

6 Kılıç İnşaat İthalat İhracat Sanayi ve Ticaret Anonim Şirketi v. Turkmenistan, ICSID Case No. ARB/10/1, Decision on Article VII.2 of the Turkey–Turkmenistan Bilateral Investment Treaty, 7 May 2012 and Muhammet Cap & Sehil Insaat Endustri ve Ticaret Ltd. Sti. v. Turkmenistan, ICSID Case No. ARB/12/6, Decision on Jurisdiction, 13 February 2015.

7 Içkale v. Turkmenistan, Award, para. 261.

8 Ibid., para. 262.

9 Ibid., para. 328.

10 Ibid.

11 Ibid., para. 329.

12 Ibid.

13 Ibid., paras. 331–332.

14 Ibid., paras. 399; 402.

15 Içkale v. Turkmenistan, Lamm's Dissent, para. 13.

16 Ibid., para. 23.

17 Içkale v. Turkmenistan, Sands’ Dissent, para. 11.

18 Id. para. 16.