Arbitral Digest

Matter

Kilic Insaat Ithalat Ihracat Sanayi ve Ticaret Anonim Sirketi v. Turkmenistan (ICSID Case No. ARB/10/1)

Case no.
ARB/10/1
Seat
France
Applicable rules
ICSID Arbitration Rules in force as of April 2006 · ICSID Rules of Procedure for Arbitration Proceedings (2006)
  1. 7 May 2012France

    7 May 2012France

    Decision on Article VII.2 of the Turkey-Turkmenistan Bilateral Investment Treaty

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal unanimously held that the Turkey-Turkmenistan Bilateral Investment Treaty has two authentic versions, English and Russian, and that Exhibit R-1 (revised) is an accurate English translation of the Russian version. It interpreted Article VII.2 as requiring an investor to submit its dispute to the courts of the relevant Contracting Party and not receive a final award within one year before commencing arbitration; costs were deferred.

    Supporting details

    11 authorities · 19 participants
    Kilic Insaat Ithalat Ihracat Sanayi ve Ticaret Anonim Sirketi
    Representative
    Robert Volterra (For: Kilic Insaat Ithalat Ihracat Sanayi ve Ticaret Anonim Sirketi)
    Representative
    Chris Stephen (For: Kilic Insaat Ithalat Ihracat Sanayi ve Ticaret Anonim Sirketi)
    Representative
    Yasemin Cetinel (For: Kilic Insaat Ithalat Ihracat Sanayi ve Ticaret Anonim Sirketi)
    Expert
    Yusuf Caliskan (For: Kilic Insaat Ithalat Ihracat Sanayi ve Ticaret Anonim Sirketi)
    Turkmenistan
    Representative
    Sameer Sattar (For: Turkmenistan)
    Representative
    Tihomir Mak (For: Turkmenistan)
    Representative
    Bernhard Meier (For: Turkmenistan)
    Representative
    Gulperi Yoruker (For: Turkmenistan)
    Expert
    Emre Oktem (For: Turkmenistan)
    Expert
    Mehmet Karli (For: Turkmenistan)
    Expert
    Jaklin Kornfilt (For: Turkmenistan)
    International Centre for Settlement of Investment Disputes
    Arbitrator
    William W. Park
    Arbitrator
    Philippe Sands
    Tribunal secretary
    Mairee Uran-Bidegain

    Authorities cited

    11
    • Vienna Convention on the Law of Treaties (1155 U.N.T.S. 331)
      statute
    • Agreement Between the Republic of Turkey and Turkmenistan Concerning the Reciprocal Promotion and Protection of Investments (Signed 2 May 1992)
      statute
    • Turkey Law No. 244
      statute
    • Turkmenistan Law on the International Treaties of Turkmenistan
      statute
    • Rumeli Telecom A.S. and Telsim Mobile Telekomikasyon Hizmetleri A.S.Y.O.N. v Republic of Kazakhstan (ICSID Case No. ARB/05/16, Award of 29 July 2008)
      case law
    • Sistem Muhendislik Insaat Sanayi ve Ticaret A.S. v Kyrgyz Republic (ICSID Case No. ARB (AF)/06/1, Decision on Jurisdiction dated 13 September 2007)
      case law
    • Turkey-Turkmenistan Bilateral Investment Treaty, signed 2 May 1992
      statute
    • Vienna Convention on the Law of Treaties (23 May 1969, 1155 U.N.T.S. 331)
      statute
    • Convention on the Settlement of Investment Disputes between States and Nationals of other States
      statute
    • Rumeli Telecom A.S. and Telsim Mobile Telekomikasyon Hizmetleri A.S.Y.O.N. Hizmetleri A.S. v Republic of Kazakhstan (ICSID Case No. ARB/05/16, Award of 29 July 2008)
      case law
    • Sistem Muhendislik Insaat Sanayi ve Ticaret A.S. v Kyrgyz Republic (ICSID Case No. ARB(AF)/06/1, Decision on Jurisdiction dated 13 September 2007)
      case law

Matter record

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Kilic Insaat Ithalat Ihracat Sanayi ve Ticaret Anonim Sirketi v. Turkmenistan (ICSID Case No. ARB/10/1) · Matter