Case Details

Kent Kart Anadolu Elektronik Sanayi ve Ticaret Anonim Şirketi, Kent Kart Ege Elektronik Sanayi ve Ticaret Anonim Şirketi and Kentkart Global Elektronik Anonim Şirketi v. Republic of Serbia (ICSID Case No. ARB/24/10)

Subject of Dispute:

Transportation fare collection services
Economic Sector:

Transportation
Instrument(s) Invoked:

BIT Türkiye - Yugoslavia, Federal Republic of 2001
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Kent Kart Anadolu Elektronik Sanayi ve Ticaret Anonim Şirketi (Turkish), Kent Kart Ege Elektronik Sanayi ve Ticaret Anonim Şirketi (Turkish), Kentkart Global Elektronik Anonim Şirketi (Turkish)
Respondent(s):

Republic of Serbia (Serbian)
Date Registered:

April 1, 2024
Date of Constitution of Tribunal:

February 24, 2025

Composition of Tribunal

President:

Judith LEVINE (Australian, Irish) - Appointed by the Parties
Arbitrators:

Davor BABIĆ (Croatian, U.S.) - Appointed by the Claimant(s)
J. Christopher THOMAS (Canadian) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Akınci Law Office, Istanbul, Türkiye
Lidija Marković, Belgrade, Serbia
Miroslav Paunović, Belgrade, Serbia
Jovan Nikčević, Belgrade, Serbia
Dragor Hiber, Belgrade, Serbia
Tanja Šumar, Belgrade Serbia
Respondent(s):

Marko Jovanović, Belgrade, Serbia
Williams & Connolly, Washington D.C., U.S.A.
Galić Law Office, Belgrade, Serbia
Anđelković Law Office, Belgrade, Serbia
State Attorney of the Republic of Serbia, Belgrade, Serbia
Status of Proceeding:

Pending
Latest Development:

December 5, 2025 - The Tribunal issues Procedural Order No. 4 concerning procedural matters.

No References Available.

(a) Original Proceeding

Date	Development
April 1, 2024	The Secretary-General registers a request for the institution of arbitration proceedings.
April 30, 2024	The proceeding is suspended until June 30, 2024, pursuant to the parties’ agreement.
June 28, 2024	The suspension of the proceeding is extended until September 15, 2024, pursuant to the parties’ agreement.
October 10, 2024	Following appointment by the Claimants, Davor Babić (Croatian/U.S.) accepts his appointment as arbitrator.
November 12, 2024	Following appointment by the Respondent, J. Christopher Thomas (Canadian) accepts his appointment as arbitrator.
February 24, 2025	Following appointment by agreement of the parties, Judith Levine (Australian/Irish) accepts her appointment as presiding arbitrator.
February 24, 2025	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Judith Levine (Australian/Irish), President, appointed by agreement of the parties; Davor Babić (Croatian/U.S.), appointed by the Claimants; and J. Christopher Thomas (Canadian), appointed by the Respondent.
April 3, 2025	The Tribunal holds a first session by video conference.
April 15, 2025	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
April 15, 2025	The Tribunal issues Procedural Order No. 2 concerning transparency and confidentiality.
August 1, 2025	The Claimants file a memorial on the merits.
September 15, 2025	The Respondent files a request to address the objections to jurisdiction as a preliminary question pursuant to ICSID Convention Article 41(2) and ICSID Arbitration Rule 44.
December 1, 2025	The Tribunal issues a decision on the Respondent’s request to address the objections to jurisdiction as a preliminary question; as a result, the objections to jurisdiction are joined to the merits of the dispute.
December 5, 2025	The Tribunal issues Procedural Order No. 4 concerning procedural matters.