Matter

Global Trading Resource Corp. and Globex International, Inc. v. Ukraine (ICSID Case No. ARB/09/11)

Case no.: ARB/09/11
Applicable rules: ICSID Arbitration Rules in force as of April 2006

1 December 2010Arbitration
1 December 2010Arbitration
Award dated 1 December 2010
International Centre for Settlement of Investment Disputes
Decision summary
The Tribunal held that the claims brought by Global Trading Resource Corp. and Globex International, Inc. against Ukraine were manifestly without legal merit within the meaning of Article 41(5) of the ICSID Arbitration Rules and rendered the Award on that basis. It made no order as to costs, leaving the costs of the proceeding to lie where they fell.
Supporting details
16 authorities · 21 participants
Global Trading Resource Corp.
Representative
Stanley McDermott III (For: Global Trading Resource Corp.)
Representative
Claudia T. Salomon (For: Global Trading Resource Corp.)
Representative
David S. Wenger (For: Global Trading Resource Corp.)
Representative
DLA Piper LLP (US) (For: Global Trading Resource Corp.)
Globex International, Inc.
Ukraine
Representative
John Willems (For: Ukraine)
Representative
Michael Polkinghorne (For: Ukraine)
Representative
Olga Boltenko (For: Ukraine)
Representative
Nathalie Makowski (For: Ukraine)
Representative
Kristen Young (For: Ukraine)
Representative
Angelica Andre (For: Ukraine)
Representative
White & Case LLP (For: Ukraine)
Representative
Serhii Sviriba (For: Ukraine)
Representative
Olena Koltko (For: Ukraine)
Representative
Magisters (For: Ukraine)
International Centre for Settlement of Investment Disputes
Arbitrator
Franklin Berman
Arbitrator
Emmanuel Gaillard
Arbitrator
Christopher Thomas
Tribunal secretary
Aissatou Diop
Authorities cited
16
- Treaty between the United States of America and Ukraine Concerning the Encouragement and Reciprocal Protection of Investment (United States-Ukraine Bilateral Investment Treaty, signed 4 March 1994)
  treaty
- Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention)
  treaty
- Vienna Convention on the Law of Treaties, 1969
  treaty
- Trans-Global Petroleum, Inc. v. Hashemite Kingdom of Jordan (ICSID Case No. ARB/07/25)
  case-law
- Brandes Investment Partners, LP v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/08/3)
  case-law
- Alcoa Minerals of Jamaica Inc. v. Jamaica (ICSID Case No. ARB/74/2)
  case-law
- Salini Costruttori S.p.A. and Italstrade S.p.A. v. Kingdom of Morocco (ICSID Case No. ARB/00/4)
  case-law
- Saba Fakes v. Republic of Turkey (ICSID Case No. ARB/07/20)
  case-law
- Joy Mining Machinery Equipment Ltd v. Arab Republic of Egypt (ICSID Case No. ARB/03/11)
  case-law
- Victor Pey Casado v. Chile (ICSID Case No. ARB/98/2)
  case-law
- RSM Production Corporation v. Grenada (ICSID Case No. ARB/05/14)
  case-law
- Ceskoslovenska Obchodni Banka v. The Slovak Republic (Decision on Jurisdiction, 24 May 1999)
  case-law
- Biwater Gauff v. Tanzania (ICSID Case No. ARB/05/22)
  case-law
- Jan de Nul v. Arab Republic of Egypt (ICSID Case No. ARB/04/13)
  case-law
- Malaysian Historical Salvors v. Malaysia (ICSID Case No. ARB/05/10)
  case-law
- Bayindir v. Pakistan (ICSID Case No. ARB/03/29)
  case-law
Award record cited in migration material

Global Trading Resource Corp.

Globex International, Inc.

Ukraine

International Centre for Settlement of Investment Disputes