Arbitral Digest

Matter

Pantechniki S.A. Contractors & Engineers v Republic of Albania (ICSID Case No. ARB/07/21)

Case no.
ARB/07/21
Applicable rules
ICSID Arbitration Rules
  1. 30 July 2009Arbitration

    30 July 2009Arbitration

    Award dated 30 July 2009

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal rejected Albania's jurisdictional objection based on the absence of a qualifying investment. On the merits, it rejected the claims for failure to ensure full protection and security and denial of justice, and dismissed or rejected the remaining claims as inadmissible or on the merits. Each party must bear its own costs, and each party must bear 50 per cent of the Tribunal's fees and expenses, including ICSID's charges.

    Supporting details

    10 authorities · 26 participants
    Pantechniki S.A. Contractors & Engineers
    Representative
    GVM Law (For: Pantechniki S.A. Contractors & Engineers)
    Representative
    Panayotis Glavinis (For: Pantechniki S.A. Contractors & Engineers)
    Representative
    Konstantinos Markoulakis (For: Pantechniki S.A. Contractors & Engineers)
    Representative
    Alexandra Koutoglidou (For: Pantechniki S.A. Contractors & Engineers)
    Representative
    Edward Sarantopoulos (For: Pantechniki S.A. Contractors & Engineers)
    Representative
    State Attorney General (For: Pantechniki S.A. Contractors & Engineers)
    Representative
    Evelina Qirjako (For: Pantechniki S.A. Contractors & Engineers)
    Republic of Albania
    Representative
    Eduard Halimi (For: Republic of Albania)
    Representative
    State Attorney's Office (For: Republic of Albania)
    Representative
    Ledina Mandia (For: Republic of Albania)
    Representative
    Derains Gharavi Lazareff (For: Republic of Albania)
    Representative
    Hamid Gharavi (For: Republic of Albania)
    Representative
    Julien Fouret (For: Republic of Albania)
    Representative
    Nabil Lodey (For: Republic of Albania)
    C.I. Sarantopoulos S.A.
    Craig Chiasson
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Jan Paulsson
    Tribunal secretary
    Martina Polasek
    Other

    Authorities cited

    10
    • Albanian Law on Foreign Investment of 1993
      statute
    • Albanian Civil Code
      statute
    • Certain British Claims in the Spanish Zone of Morocco (1925 UNRIAA 639)
      case law
    • The International Law of Investment Claims (2009)
      academic
    • Law and Practice of Investment Treaties (2009)
      academic
    • International Law, Volume II (D. P. O'Connell, International Law, Vol. II (1970))
      academic
    • The Meaning of the Term Denial of Justice (1932 BYIL 93)
      academic
    • The Denial of Justice in International Law (1935 Recueil des cours 370)
      academic
    • Albania-Greece Bilateral Investment Treaty (1991)
      treaty
    • ICSID Convention
      treaty

Matter record

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Pantechniki S.A. Contractors & Engineers v Republic of Albania (ICSID Case No. ARB/07/21) · Matter