Tag: Turkey

DIS Baltic Arbitration Days to Take Place in Riga on 1-2 June, 2017

DIS Baltic Arbitration Days to Take Place in Riga on 1-2 June, 2017

Riga will host 6th DIS Baltic Arbitration Days on 1–2 June, 2017. The conference concentrates on commercial arbitration involving states or state-owned entities. Focus countries: Iran, Russian Federation, Turkey, Ukraine. CIS Arbitration Forum is a media partner of the event. Ever since 2012, the Baltic Regional Group of German Institution of Arbitration together with Riga […]

Recent Investment Arbitration Disputes involving CIS States

Recent Investment Arbitration Disputes involving CIS States

The period of July–October 2016 has seen several developments in the field of Investor-State Dispute Settlement in the CIS region. The arbitral tribunals in these cases will further address issues such as: the succession of the former Soviet republics to USSR investment treaty obligations, the mandatory nature of local courts’ litigation provision in the Turkmenistan–Turkey […]

By 17 October, 2016 0 Comments Read More →
İçkale İnşaat Limited Şirketi v. Turkmenistan

İçkale İnşaat Limited Şirketi v. Turkmenistan

This arbitration concerns a dispute between İçkale İnşaat Limited Şirketi, a company incorporated under the laws of the Republic of Turkey, and Turkmenistan. The dispute was submitted by the Claimant to the International Centre for Settlement of Investment Disputes (“ICSID”) on the basis of the Agreement between the Republic of Turkey and Turkmenistan concerning the Reciprocal Promotion […]

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 […]

Tribunal Requests Claimants to Disclose to Turkmenistan who is Paying for Their Lawsuit

Tribunal Requests Claimants to Disclose to Turkmenistan who is Paying for Their Lawsuit

Even though third party funding is increasingly common in international arbitration, the disclosure of funding arrangements is relatively rare and is required only in exceptional circumstances. Earlier this year in Muhammet Çap & Sehil Inşaat Endustri ve Ticaret Ltd. Sti v. Turkmenistan the ICSID tribunal issued an order to compel the parties to disclose third party funding arrangements. Brief […]

Muhammet Çap & Sehil Inşaat Endustri ve Ticaret Ltd. Sti. v. Turkmenistan

Muhammet Çap & Sehil Inşaat Endustri ve Ticaret Ltd. Sti. v. Turkmenistan

Muhammet Çap & Sehil Inşaat Endustri ve Ticaret Ltd. Sti. v. Turkmenistan, ICSID Case No. ARB/12/6 – Decision on Respondent’s Objection to Jurisdiction under Article VII(2) – 13 February 2015  

Heavy Blow to the Turkish Investors’ Claims Against Turkmenistan

Heavy Blow to the Turkish Investors’ Claims Against Turkmenistan

In a decision released by the ICSID on May 25, 2012 the Tribunal found that the Turkey-Turkmenistan BIT required submission of the dispute in question to the national courts before the initiation of international arbitration proceedings. The tribunal however specifically noted that it is yet to decide on the effect of non-compliance with this condition. […]