ICSID Rejects Russian Telecommunications Company’s $2.1B Claim Against Turkmenistan

(June 26, 2023, 10:52 AM EDT) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) tribunal ordered a Russian telecommunications company to pay the nation of Turkmenistan more than $11 million in costs and fees after rejecting its claims for $2.1 billion in damages for harm to its telecommunications investment, finding no evidence that Turkmenistan was liable for the company’s claimed treaty breaches....

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