ICSID Orders Turkmenistan To Pay $2.8M To Investor For Breaches Of Treaty

(February 2, 2017, 12:42 PM EST) -- WASHINGTON, D.C. — A tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on Feb. 1 released its award in an arbitration commenced by a U.K. investor in relation to a contract for the construction of highway bridges and overpasses, ordering Turkmenistan to pay the company $2,892,400 in damages and costs, plus interest (Garanti Koza LLP v. Turkmenistan, No. ARB/11/20, ICSID)....

Attached Documents

Related Sections