Case Details

Barmek Holding A.S. v. Republic of Azerbaijan (ICSID Case No. ARB/06/16)

Subject of Dispute:

Electricity concession
Economic Sector:

Electric Power & Other Energy
Instrument(s) Invoked:

BIT Türkiye - Azerbaijan 1994 - Contract
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Barmek Holding A.S. (Turkish)
Respondent(s):

Republic of Azerbaijan (Azerbaijani)
Date Registered:

October 16, 2006
Date of Constitution of Tribunal:

February 7, 2007

Composition of Tribunal

President:

Vaughan LOWE (British) - Appointed by the Secretary-General
Arbitrators:

Peter W. GALBRAITH (U.S.) - Appointed by the Claimant(s)
Brigitte STERN (French) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Lovells, London, U.K.
Simon Olleson, London, U.K.
Yazici Law Offices, Ankara, Turkey
Respondent(s):

Latham & Watkins, London, U.K. and Hamburg, Germany
Ministry of Economic Development, Baku, Azerbaijan
Language(s) of Proceeding:

English
Status of Proceeding:

Concluded
Outcome of Proceeding:

September 28, 2009 - The Tribunal renders the award embodying the parties’ settlement agreement pursuant to ICSID Arbitration Rule 43(2).

No References Available.

(a) Original Proceeding

Date	Development
October 16, 2006	The Secretary-General registers a request for the institution of arbitration proceedings.
February 7, 2007	The Tribunal is constituted. Its members are: Vaughan Lowe (British), President; Peter W. Galbraith (U.S.); and Brigitte Stern (French).
April 2, 2007	The Claimant files an application for provisional measures.
April 23, 2007	The Respondent files observations on the application for provisional measures.
May 1, 2007	The Claimant files its reply on the application for provisional measures.
May 7, 2007	The Respondent files its rejoinder on the application for provisional measures.
May 18, 2007	The Tribunal holds its first session in London.
August 29, 2007	The Tribunal issues a decision on provisional measures.
August 18, 2008	The Claimant files a memorial on the merits.
September 23, 2008	The Tribunal issues a decision concerning the procedural calendar.
December 11, 2008	The procedural calendar is vacated, pursuant to the parties' agreement.
April 9, 2009	Following a request by the parties, the Tribunal issues a decision on the further procedure.
May 22, 2009	The Tribunal decides on the procedural calendar.
July 24, 2009	The procedural calendar is vacated, pursuant to the parties' agreement.
September 28, 2009	The Tribunal renders the award embodying the parties’ settlement agreement pursuant to ICSID Arbitration Rule 43(2).