3. Plama Consortium Ltd. (Cyprus) v. Bulgaria
Counsel
Shearman & Sterling LLP (E. Gaillard & J. Savage); V. Colaiuta ("Avocat à la Cour" - for the phase on the merits up to May 2007); Nixon Peabody LLP (F.H. Penski - hearing on the merits) v. Bulgarian Ministry of Finance (I. Kondov); White & Case LLP (P. Friedland - New-York; C.B. Lamm; A. Cohen Smutny - Washington DC); Tomov & Tomov (L. Tomov)
Case registered
19.08.2003
Forum & reference
ICSID Case No. ARB/03/24
Arbitrators
Carl F. Salans (chair); Albert Jan van den Berg; V.V. Veeder
Subject matter
Oil refinery investment
Status of proceeding
08.02.2005 - Decision on jurisdiction
27.08.2008 - Award rendered
Claim
USD 300 million (Shearman & Sterling website)
Award
Revision proceeding
27.09.2011 - Case registered
03.10.2011 - Tribunal reconstituted
Status of revision proceeding
09.07.2012 - The Tribunal issues a procedural order for the discontinuance of the proceeding for lack of payment of the required advances, pursuant to ICSID Administrative and Financial Regulation 14(3)(d)