Matter
Gardabani Holdings B.V., Inter RAO UES PJSC and Telasi JSC v Government of Georgia, Ministry of Economy and Sustainable Development of Georgia and State Service Bureau Ltd (ICSID Case No. ADM/18/1 and SCC Case No. V2018/039)
ICSID administrative proceeding involving Gardabani, Inter RAO UES and Telasi against Georgian state entities concerns the tribunal’s compensation-related decision.
Procedural record
- 23 November 2021Arbitration
23 November 2021Arbitration
Second Partial Award on Damages
Arbitration Institute of the Stockholm Chamber of Commerce
- Decision summary
- The Tribunal ordered the Respondents to pay compensation to Gardabani Holdings B.V. and Telasi JSC, declared that the amounts awarded were on an after-tax basis, and ordered the Respondents to indemnify the Claimants for taxation liability arising in Georgia. It deferred quantification of damages for the specified period and deferred the parties' claims for interest and costs to the Final Award.
Participants
Gardabani Holdings B.V.
Inter RAO UES PJSC
Telasi JSC
Government of Georgia
Ministry of Economy and Sustainable Development of Georgia
State Service Bureau Ltd
Arbitration Institute of the Stockholm Chamber of Commerce
- Arbitrator
- Henri C. Alvarez
- Arbitrator
- Stanimir Alexandrov
- Arbitrator
- Zachary Douglas