ICSID Discontinues Investment Arbitration Against Republic Of Turkey
(November 12, 2015, 1:50 PM EST) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on Nov. 11 released its order discontinuing an arbitration filed by a pipeline company against the Republic of Turkey in relation to claims for violation of a bilateral investment treaty between Austria and Turkey (Nabucco Gas Pipeline International GmbH in Liquidation v. Republic of Turkey, No. ARB/15/26, ICSID).
(Opinion available. Document #05-151124-015X.)
On May 19, Nabucco Gas Pipeline International GmbH in Liquidation filed a request for arbitration with ICSID pursuant to the Convention on...