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Libananco Holdings Co. Limited (Cyprus) v. Republic of Turkey


Crowell & Moring LLP (S.H. Newberger, D. Contratto) & A.L. Demetriades, Barrister (Cyprus) v. Freshfields Bruckhaus Deringer LLP (L. Reed, D.B. King and N. Rubins - New York; J. Paulsson - Paris) and Coşar Avukatlık Bürosu (A. Coşar, A. Coşar, U. Coşar)

Case registered


Forum & reference

ICSID Case No. ARB/06/8


Michael Hwang (chair), Henri C. Alvarez and Sir Franklin Berman Q.C.

Subject matter

Electricity generation and distribution concessions (expropriation)

Status of proceeding

18.12.2006 - Tribunal constituted

12.02.2007 - Tribunal holds a first session in New York

28-29.04.2008 - Tribunal holds a hearing on the parties' request in Washington, D.C.

23.06.2008 - Tribunal issues a detailed decision on preliminary issues

02.09.2011 - Final Award rendered


USD 10 billion (claim announced 23.02.2006



Annulment proceeding

20.12.2012 - Case registered

14.02.2012 - Ad hoc Committee constituted (Andrés Rigo Sureda (Chair); Hans Danelius; Eduardo Silva Romero)

21.09.2012 - Respondent files a rejoinder of annulment

22.05.2013 - Decision of annulment (excerpts)

Status of annulment proceeding