Tag: central asia

The legal clash between MTS and Turkmenistan – impairment of investor’s rights or defense of State interests?

The legal clash between MTS and Turkmenistan – impairment of investor’s rights or defense of State interests?

In July 2018, Mobile TeleSystems (MTS) started a new investment arbitration at ICSID against Turkmenistan. The long-running legal conflict between these parties clearly shows how investment climate depends on the State’s ability to maintain foreign investor and to guarantee its rights of inviolability of property. Generally, the reckless policy of the State in relation to […]

The enduring saga of Tajikistan’s TALCO dispute

The enduring saga of Tajikistan’s TALCO dispute

The Tajik Aluminium Company (or TALCO, also referred as TadAZ) has become the symbol of Central Asian corruption and non-transparency. Tajikistan’s most scandalous industrial asset has undergone through an array of legal challenges – from unresolved offshore mysteries to rapid management switches, from dubious tolling schemes to one of the most expensive litigations in the […]

By 15 January, 2018 0 Comments Read More →
В Минске прошел форум о коммерческой медиации в Восточной Европе и Центральной Азии

В Минске прошел форум о коммерческой медиации в Восточной Европе и Центральной Азии

В Минске 11 – 12 октября 2016 года прошел “Международный форум: Коммерческая медиация в Восточной Европе и Центральной Азии”, организованный Европейским Банком реконструкции и развития, Министерством юстиции Республики Беларусь и белорусской юридической компанией «Власова, Михель и  партнеры». В форуме приняли участие более 50 специалистов из 11 стран мира, а именно: Азербайджана, Армении, Беларуси, Грузии, Казахстана, […]

By 6 November, 2016 0 Comments Read More →
ICSID Award Favours Turkmenistan and Spurs Controversy

ICSID Award Favours Turkmenistan and Spurs Controversy

On 8 March 2016, an ICSID Tribunal dismissed the claim of a Turkish investor against Turkmenistan finding that the alleged violation of the Turkey-Turkmenistan Bilateral treaty (“BIT”) was “entirely without merit.” The arbitral award appeared to be controversial and resulted in two dissenting opinions. İçkale İnşaat Limited Şirketi v. Turkmenistan (ICSID Case No. ARB/I0/24) is the first case […]