Matter
Lotus Holding Anonim Sirketi v. Turkmenistan (ICSID Case No. ARB/17/30)
- 6 April 2020Arbitration
6 April 2020Arbitration
Award dated 6 April 2020
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal dismissed Lotus Holding's claims against the Republic of Turkmenistan as manifestly without legal merit under ICSID Arbitration Rules 41(5) and 41(6). It ordered Lotus Holding to pay the Republic of Turkmenistan USD 983,100.98, comprising 90 percent of the Respondent's legal fees and disbursements and all costs of the proceeding.
Supporting details
5 authorities · 21 participantsLotus Holding Anonim Sirketi
- Representative
- Egemen Egemenoglu (For: Lotus Holding Anonim Sirketi)
- Representative
- Egemenoglu Law Firm (For: Lotus Holding Anonim Sirketi)
- Representative
- Akin Alcitepe (For: Lotus Holding Anonim Sirketi)
- Representative
- Offit Kurman (For: Lotus Holding Anonim Sirketi)
- Representative
- Didem Keles Pinar (For: Lotus Holding Anonim Sirketi)
Republic of Turkmenistan
- Representative
- Miriam K. Harwood (For: Republic of Turkmenistan)
- Representative
- Ali R. Gursel (For: Republic of Turkmenistan)
- Representative
- Zeynep Gunday (For: Republic of Turkmenistan)
- Representative
- Carlos Guzman (For: Republic of Turkmenistan)
- Representative
- Bahar Charyyeva (For: Republic of Turkmenistan)
- Representative
- Squire Patton Boggs (US) LLP (For: Republic of Turkmenistan)
- Representative
- Lorenzo Windham (For: Republic of Turkmenistan)
- Representative
- Tereza Psutkova (For: Republic of Turkmenistan)
International Centre for Settlement of Investment Disputes
- Arbitrator
- Vaughan Lowe
- Arbitrator
- James H. Boykin
- Arbitrator
- Brigitte Stern
- Tribunal secretary
- Ella Rosenberg
- Institutional administrator
- Diana Burden
- Institutional administrator
- Alice Burden