Arbitral Digest

Matter

Bayindir Insaat Turizm Ticaret ve Sanayi A.S. v. Islamic Republic of Pakistan (ICSID Case No. ARB/03/29)

Case no.
ARB/03/29
Applicable rules
ICSID Arbitration Rules · ICSID Institution Rules
  1. 30 June 1999Arbitration

    30 June 1999Arbitration

    Arbitral Award dated 30 June 1999

    International Centre for Settlement of Investment Disputes

    Decision summary
    The award ordered Bayindir to pay USD 12,909,935 to the National Highway Authority and declared Bayindir entitled to retain USD 10,721,595 of the advance payment made under the Contract in 1993.

    Supporting details

    2 participants
    Bayindir Insaat Turizm Ticaret Ve Sanayi A.S.
    National Highway Authority
    International Centre for Settlement of Investment Disputes

    6 years, 4 months and 15 days later · 2329 days

  2. 14 November 2005Arbitration

    14 November 2005Arbitration

    Decision on Jurisdiction dated 14 November 2005

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Arbitral Tribunal held that it had jurisdiction over the dispute, denied Pakistan's application to suspend the proceedings, directed continuation of the proceedings on the merits, and deferred costs to the merits phase.

    Supporting details

    8 authorities · 16 participants
    Bayindir Insaat Turizm Ticaret Ve Sanayi A.S.
    Islamic Republic of Pakistan
    Representative
    Makhdoom Ali Khan (For: Islamic Republic of Pakistan)
    Representative
    Christopher Greenwood (For: Islamic Republic of Pakistan)
    Representative
    Samuel Wordsworth (For: Islamic Republic of Pakistan)
    Representative
    Rodman R. Bundy (For: Islamic Republic of Pakistan)
    Representative
    Loretta Malintoppi (For: Islamic Republic of Pakistan)
    Representative
    Iftikharuddin Riaz (For: Islamic Republic of Pakistan)
    Representative
    Khurram M. Hashmi (For: Islamic Republic of Pakistan)
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Franklin Berman
    Institutional administrator
    Jose-Antonio Rivas
    Institutional administrator
    Martina Polasek
    Other
    Representative
    Farrukh Karim Qureshi (For: Bayindir Insaat Turizm Ve Sanayi A.S.)
    Representative
    Gavan Griffith (For: Bayindir Insaat Turizm Ve Sanayi A.S.)

    Authorities cited

    8
    • Agreement Between the Republic of Turkey and the Islamic Republic of Pakistan Concerning the Reciprocal Promotion and Protection of Investments (Agreement of 16 March 1995)
      statute
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (1965 ICSID Convention)
      statute
    • Impregilo S.p.A. v. Islamic Republic of Pakistan (ICSID Case No. ARB/03/3, Decision on Jurisdiction, 22 April 2005)
      case law
    • Salini Costruttori S.p.A. and Italstrade S.p.A. v. Kingdom of Morocco (ICSID Case No. ARB/00/4, Decision on Jurisdiction, 23 July 2001)
      case law
    • SGS Societe Generale de Surveillance SA v. Islamic Republic of Pakistan (ICSID Case No. ARB/01/13, Decision on Jurisdiction, 6 August 2003)
      case law
    • Siemens A.G. v. The Argentine Republic (ICSID Case No. ARB/02/8, Decision on Jurisdiction)
      case law
    • Tecnicas Medioambientales Tecmed S.A. v. The United Mexican States (ICSID Case No. ARB(AF)/00/2, Award, 29 May 2003)
      case law
    • Waste Management Inc. v. The United Mexican States (ICSID Case No. ARB(AF)/00/3, Award, 30 April 2004)
      case law

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Bayindir Insaat Turizm Ticaret ve Sanayi A.S. v. Islamic Republic of Pakistan (ICSID Case No. ARB/03/29) · Matter