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)

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Case registered

19.08.2003

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Forum & reference

ICSID Case No. ARB/03/24

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Arbitrators

Carl F. Salans (chair); Albert Jan van den Berg; V.V. Veeder

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Subject matter

Oil refinery investment

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Status of proceeding

08.02.2005 - Decision on jurisdiction

27.08.2008 - Award rendered

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Claim

USD 300 million (Shearman & Sterling website)

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Award

Award

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Revision proceeding

27.09.2011 - Case registered

03.10.2011 - Tribunal reconstituted

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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)