Case Details

Imeks Insaat Makina Elektrik Konstrüksiyon Sanayi Limited Sirketi v. Turkmenistan (ICSID Case No. ARB/21/23)

Subject of Dispute:

Construction project
Economic Sector:

Construction
Instrument(s) Invoked:

BIT Turkmenistan - Türkiye 1992
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Imeks Insaat Makina Elektrik Konstrüksiyon Sanayi Limited Sirketi (Turkish)
Respondent(s):

Turkmenistan (Turkmen)
Date Registered:

May 5, 2021
Date of Constitution of Tribunal:

March 21, 2022

Composition of Tribunal

President:

Christopher GREENWOOD (British) - Appointed by the Chairman of the Administrative Council
Arbitrators:

Stephan SCHILL (German) - Appointed by the Claimant(s)
Gabriel BOTTINI (Argentine) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Wilmer Cutler Pickering Hale & Dorr, Washington, DC, U.S.A.
Sengüler & Sengüler Law Office, Istanbul, Republic of Türkiye
Can Yeginsu, London, U.K.
Respondent(s):

Squire Patton Boggs, New York, NY, U.S.A. and Ashgabat, Turkmenistan
Language(s) of Proceeding:

English
Status of Proceeding:

Pending
Latest Development:

March 21, 2023 - The Tribunal issues a decision on security for costs.

No References Available.

(a) Original Proceeding

Date	Development
May 5, 2021	The Secretary-General registers a request for the institution of arbitration proceedings.
September 17, 2021	Following appointment by the Claimant, Stephan Schill (German) accepts his appointment as arbitrator.
October 25, 2021	Following appointment by the Respondent, Gabriel Bottini (Argentine) accepts his appointment as arbitrator.
March 20, 2022	Following appointment by the Chairman of the Administrative Council in accordance with Article 38 of the ICSID Convention Christopher Greenwood (British) accepts his appointment as presiding arbitrator.
March 21, 2022	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Christopher Greenwood (British), President, appointed by the Chairman of the Administrative Council in accordance with Article 38 of the ICSID Convention; Stephan Schill (German), appointed by the Claimant; and Gabriel Bottini (Argentine), appointed by the Respondent.
May 19, 2022	The Tribunal holds a first session by video conference.
May 25, 2022	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
August 15, 2022	The Respondent files a request for security for costs.
December 9, 2022	The Claimant files a memorial on the merits.
January 9, 2023	The Claimant files observations on the Respondent’s request for security for costs.
January 30, 2023	The Respondent files a response to the Claimant’s observations of January 9, 2023.
March 21, 2023	The Tribunal issues a decision on security for costs.