Zaur Leshkasheli and Rosserlane Consultants Limited v. Republic of Azerbaijan, ICSID Case No. ARB/20/20

Case type:
International Investment Agreement
Applicable arbitration rules:
ICSID Convention - Arbitration Rules
Investment treaty:
Georgia - Azerbaijan BIT (1996), Energy Charter Treaty (1994)
Applicable legal instruments:
Georgia - Azerbaijan BIT (1996), Energy Charter Treaty (1994)
Economic sector:
Mining and quarrying, including hydrocarbons (oil and gas)
Outcome:
In favour of State
Other remedy:
The Tribunal ordered the Claimants, jointly and severally, to pay the Respondent approximately GBP 6.96 million and USD 926,662 for legal costs, USD 608,226.75 for arbitration costs, plus interes.

Available documents

21 Mar 2025
Details
Claimant appointee:
David R. Haigh
Respondent appointee:
Laurent Lévy
Arbitrator(s):
Chair/President:
Eduardo Silva Romero
Judges:
Claimant's counsel:
Alexander A. Yanos, Mike H. Shanlever, Jamie S. George, Tamar Sarjveladze, Christopher Williams, Thomas P. Grantham, Alston & Bird LLP
Respondent's counsel:
Helen Davies, Andrew Cannon, Marco De Sousa, Hannah Ambrose, Craig Tevendale, Louise Barber, Divyanshu Agrawal, Caitlin Poysden, Tanesha Singh, Herbert Smith Freehills LLP
Annulment Committee president:
Annulment Committee members: