Arbitral Digest

Matter

Buried Hill Serdar Limited v. Turkmenistan (ICSID Case No. ARB/25/40)

Case no.
ARB/25/40
Seat
France
Applicable rules
ICSID Arbitration Rules in force as of July 1, 2022
  1. 11 February 2026France

    11 February 2026France

    Decision on the Claimant's Proposal to Disqualify Prof. Philippe Sands

    International Centre for Settlement of Investment Disputes

    Decision summary
    The unchallenged arbitrators accepted the proposal to disqualify Prof. Philippe Sands and reserved the decision on costs arising from the proposal for a later stage.

    Supporting details

    4 authorities · 6 participants
    Buried Hill Serdar Limited
    Turkmenistan
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Philippe Sands
    Tribunal secretary
    Anna Holloway

    Authorities cited

    4
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention)
      statute
    • Blue Bank International & Trust (Barbados) Ltd. v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/12/20)
      case law
    • Caratube International Oil Company LLP and Devincci Salah Hourani v. Republic of Kazakhstan (ICSID Case No. ARB/13/13)
      case law
    • Anaklia Development Consortium LLC v. Georgia (ICC Case No. 25542/HBH)
      case law

    3 months and 16 days later · 105 days

  2. 27 May 2026France

    27 May 2026France

    Procedural Order No. 1

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal issued the procedural rules governing the arbitration and attached a procedural timetable. Paris, France was recorded as the place of the proceeding and hearings. The Parties were directed to cover direct proceeding costs in equal parts without prejudice to the Tribunal's final decision on costs.

    Supporting details

    1 authority · 25 participants
    Buried Hill Serdar Limited
    Representative
    Quinn Emanuel Urquhart & Sullivan UK LLP (For: Buried Hill Serdar Limited)
    Representative
    Squire Patton Boggs (US) LLP (For: Buried Hill Serdar Limited)
    Representative
    Stephen Jagusch (For: Buried Hill Serdar Limited)
    Representative
    Anthony Sinclair (For: Buried Hill Serdar Limited)
    Representative
    Jack Davies (For: Buried Hill Serdar Limited)
    Representative
    Akshay Shreedhar (For: Buried Hill Serdar Limited)
    Representative
    Lakshana Radhakrishnan (For: Buried Hill Serdar Limited)
    Representative
    Neza Leroy (For: Buried Hill Serdar Limited)
    Turkmenistan
    Representative
    Graham Evans (For: Turkmenistan)
    Representative
    Ali R. Gursel (For: Turkmenistan)
    Representative
    Stephen P. Anway (For: Turkmenistan)
    Representative
    John D. Branson (For: Turkmenistan)
    Representative
    Bahar Charyyeva (For: Turkmenistan)
    Representative
    Ruslan Galkanov (For: Turkmenistan)
    Representative
    Douglas Pilawa (For: Turkmenistan)
    Representative
    Letizia Ceccarelli (For: Turkmenistan)
    Representative
    Christina Luo (For: Turkmenistan)
    Representative
    Mekan Karayev (For: Turkmenistan)
    Colleen Ferguson
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Pierre Mayer
    Tribunal secretary
    Anna Holloway

    Authorities cited

    1
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention)
      statute
  3. 27 May 2026France

    27 May 2026France

    Procedural Order No. 2

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal adopted transparency and confidentiality rules for the proceedings. Orders and decisions may be published with agreed or Tribunal-ordered redactions; the Award may not be published without the Parties' consent. Written submissions and supporting documents were not consented for publication, and hearings, transcripts, and recordings are not public or publishable.

    Supporting details

    2 authorities · 6 participants
    Buried Hill Serdar Limited
    Turkmenistan
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Pierre Mayer
    Tribunal secretary
    Anna Holloway

    Authorities cited

    2
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention)
      statute
    • Energy Charter Treaty (1998)
      treaty

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Buried Hill Serdar Limited v. Turkmenistan (ICSID Case No. ARB/25/40) · Matter