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Ping An Life Insurance Company of China, Limited and Ping An Insurance (Group) Company of China, Limited v. Kingdom of Belgium (Ping An v. Belgium)

Published online by Cambridge University Press:  01 June 2016

Georgios Andriotis
Georgios Andriotis*
Affiliation:
University of Amsterdam
*
Email: [email protected]
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Extract

The award in the International Centre for Settlement of Investment Disputes (ICSID) case Ping An v. Belgium was dispatched to the parties on 30 April 2015. The case is of significance for a variety of reasons. To start with, it is the first time that Chinese investors instituted arbitration proceedings under the ICSID rules. Furthermore, it is the first time that Belgium is cited as the respondent in an international investment case.

Type
Case Summaries
Information
World Trade Review , Volume 15 , Issue 3 , July 2016 , pp. 532 - 534
Copyright
Copyright © Georgios Andriotis 2016 

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References

1 Ping An Life Insurance Company, Limited and Ping An Insurance (Group) Company, Limited v. The Government of Belgium, Award, ICSID Case No. ARB/12/29, Award, 30 April 2015 (hereinafter ‘Ping An – Award’).

2 Ping An – Award, para. 57.

3 Ibid., paras. 58–59.

4 Ibid., para. 60.

5 Ibid., paras. 61–64.

6 Ibid., paras. 66–78, 97.

7 Ibid., paras. 112–128.

8 Ibid., para. 240.

9 Ibid., paras. 164–166.

10 Ibid., para. 184.

11 Ibid., para. 186.

12 Ibid., para. 218.

13 Ibid., paras. 48, 224.

14 Ibid., para. 224.

15 Ibid., paras. 49, 229.

16 Ibid., para. 224.

17 Ibid., para. 227.

18 Ibid., para. 221.

19 Ibid., paras. 224–229.

20 Ibid., para. 209.

21 Ibid., paras. 221, 223–229.

22 Ibid., para. 230.