Friday, November 7, 2014

CIS/CEE series (August 2013, Trukmenistan) Garanti Koza v. Turkmenistan

MFN clause used to import the dispute resolution clause providing for ICSID arbitration from the Turkmenistan / Switzerland BIT into the Turkmenistan / UK BIT (which contained a clause agreeing that the parties "may agree" to ICSID). Accordingly, ICSID took jurisdiction on the basis of the implied consent of Turkmenistan. The dissenting opinion came from the arbitrator appointed by the State.

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