Friday, November 7, 2014

CIS/CEE series - (November 2013, Uzbekistan) Metal-Tech Ltd. v. Uzbekistan (ICSID ARB/10/3)

The Tribunal declined jurisdiction over claims by the Israeli company under the Israel-Uzbekistan BIT and under the Uzbek foreign investment law because of illegal payments made to secure the investment. This is the second case in the history of ICSID, following World Duty Free v. Kenya, in which jurisdiction was declined on grounds of corruption

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