Parkerings-Compagniet AS v Republic of Lithuania (ICSID Case No. ARB/05/8)

Procedural record

1. 11 September 2007Arbitration

   11 September 2007Arbitration

   Award dated 11 September 2007

   International Centre for Settlement of Investment Disputes

   Decision summary

   The Tribunal unanimously found that it had jurisdiction, rejected Parkerings-Compagniet AS's treaty-violation claims, dismissed its claims in their entirety, and ordered each party to bear its own costs and half of the costs and expenses of the proceedings.

   Participants

   Parkerings-Compagniet AS

   Republic of Lithuania

   International Centre for Settlement of Investment Disputes

   Arbitrator

   Julian D. M. Lew

   Arbitrator

   Marc Lalonde

   Arbitrator

   Laurent Levy

   Authorities cited

   13

   • Metalclad Corporation v United Mexican States (ICSID Case No. ARB(AF)/97/1, Award, 30 August 2000)
     case law
   • Azurix Corp. v Argentine Republic (ICSID Case No. ARB/01/12, Award, 14 July 2006)
     case law
   • Waste Management, Inc. v United Mexican States (ICSID Case No. ARB(AF)/00/3, Award, 30 April 2004)
     case law
   • Robert Azinian and others v United Mexican States (ICSID Case No. ARB(AF)/97/2, Award, 1 November 1999)
     case law
   • Generation Ukraine Inc. v Ukraine (ICSID Case No. ARB/00/9, Award, 16 September 2003)
     case law
   • Tecnicas Medioambientales Tecmed, S.A. v United Mexican States (ICSID Case No. ARB(AF)/00/2, Award, 29 May 2003)
     case law
   • Telenor Mobile Communications AS v Republic of Hungary (ICSID Case No. ARB/04/15, Award, 13 September 2006)
     case law
   • Compania de Aguas del Aconquija S.A. and Vivendi Universal v Argentine Republic (ICSID Case No. ARB/97/3, Decision on Annulment, 3 July 2002)
     case law
   • SGS Societe Generale de Surveillance S.A. v Republic of the Philippines (ICSID Case No. ARB/02/6, Decision on Objections to Jurisdiction, 29 January 2004)
     case law
   • Lithuanian Law on Self-Government
     statute
   • Lithuanian Law on Fees and Charges
     statute
   • Lithuanian Law on Clamping
     statute
   • Lithuanian Law on Leasing of Land
     statute