Case Details

Lotus Proje Akaryakıt Enerji Madencilik Telekominikasyon İnşaat Sanayi Taah. Ve Tic. A.Ş. v. Turkmenistan (ICSID Case No. ARB/24/13)

Subject of Dispute:

Construction project
Economic Sector:

Electric Power & Other Energy
Instrument(s) Invoked:

ECT (Energy Charter Treaty)
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Lotus Proje Akaryakıt Enerji Madencilik Telekominikasyon İnşaat Sanayi Taah. Ve Tic. A.Ş. (Turkish)
Respondent(s):

Turkmenistan (Turkmen)
Date Registered:

May 20, 2024
Date of Constitution of Tribunal:

January 23, 2025

Composition of Tribunal

President:

Meg KINNEAR (Canadian) - Appointed by the Parties
Arbitrators:

Lucy GREENWOOD (British) - Appointed by the Claimant(s)
John M. TOWNSEND (U.S.) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Alp Arbitration, Zurich, Switzerland
Juris Avukatlık Ortaklığı, Ankara, Türkiye
Polat & Polat Avukatlık Ortaklığı, Istanbul, Türkiye
Baver Mazlum Mert, Ankara, Türkiye
Respondent(s):

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

English
Status of Proceeding:

Concluded
Outcome of Proceeding:

April 14, 2026 - The Tribunal issues an order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 53(6).

(a) Original Proceeding

Published Decisions

Procedural Order No. 1

Procedural Order No. 2

Procedural Order No. 3

Procedural Order No. 4

Procedural Order No. 5

Procedural Order No. 6

Procedural Order No. 7

Procedural Order No. 8

Procedural Order No. 9

Available on the ICSID Website

Procedural Order No. 1 (February 27, 2025) English (Original)

Procedural Order No. 2 (February 27, 2025) English (Original)

Procedural Order No. 3 (April 28, 2025) English (Original)

Procedural Order No. 4 (June 2, 2025) English (Original)

Procedural Order No. 5 (June 18, 2025) English (Original)

Procedural Order No. 6 (July 2, 2025) English (Original)

Procedural Order No. 7 (September 29, 2025) English (Original)

Procedural Order No. 8 (October 27, 2025) English (Original)

Procedural Order No. 9 (December 18, 2025) English (Original)

(a) Original Proceeding

Date	Development
May 20, 2024	The Acting Secretary-General registers a request for the institution of arbitration proceedings.
October 23, 2024	Following appointment by the Claimant, Lucy Greenwood (British) accepts her appointment as arbitrator.
November 22, 2024	Following appointment by the Respondent, John M. Townsend (U.S.) accepts his appointment as arbitrator.
January 23, 2025	Following appointment by agreement of the parties, Meg Kinnear (Canadian) accepts her appointment as presiding arbitrator.
January 23, 2025	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Meg Kinnear (Canadian), President, appointed by her co-arbitrators pursuant to the parties’ agreement; Lucy Greenwood (British), appointed by the Claimant; and John M. Townsend (U.S.), appointed by the Respondent.
February 19, 2025	The Tribunal holds a first session by video conference.
February 27, 2025	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
February 27, 2025	The Tribunal issues Procedural Order No. 2 concerning transparency and confidentiality.
March 7, 2025	The respondent files a request for security for costs.
April 4, 2025	The Claimant files observations on the Respondent’s request for security for costs.
April 16, 2025	The Tribunal holds a hearing on security for costs by video conference.
April 28, 2025	The Tribunal issues Procedural Order No. 3 concerning the Respondent’s request for security for costs.
June 2, 2025	The Tribunal issues Procedural Order No. 4 concerning the Respondent’s request for security for costs.
June 18, 2025	The Tribunal issues Procedural Order No. 5 concerning the procedural calendar.
July 3, 2025	The Tribunal issues Procedural Order No. 6 concerning the procedural calendar.
July 28, 2025	The Claimant files a memorial on the merits.
September 26, 2025	The Tribunal holds a hearing on security for costs by video conference.
September 29, 2025	The Tribunal issues Procedural Order No. 7 concerning security for costs.
October 27, 2025	The Tribunal issues Procedural Order No. 8 concerning security for costs.
November 26, 2025	The Claimant files a request for the suspension of the proceeding pursuant to ICSID Arbitration Rule 54.
December 3, 2025	The Respondent files observations on the Claimant’s request of November 26, 2025, including a request for the suspension of the proceeding pursuant to ICSID Arbitration Rule 53(6).
December 17, 2025	The Tribunal holds a case management video conference with the parties concerning their requests of November 26, 2025 and Decemer 3, 2025.
December 17, 2025	The Tribunal holds a case management conference with the parties by video conference.
December 18, 2025	The Tribunal issues Procedural Order No. 9 concerning the Claimant’s request of November 26, 2025 and the Respondent’s request of December 3, 2025; as a result, the proceeding is suspended pursuant to ICSID Arbitration Rule 53(6).
April 10, 2026	The Tribunal holds a case management conference with the parties by video conference.
April 14, 2026	The Tribunal issues an order taking note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 53(6).