International arbitration News, analytics and practice

19Feb/10Off

An ICSID tribunal has found that Ukraine violated international law on tenders

An arbitration tribunal at the International Centre for Settlement of Investment Disputes (President: Juan Fern?ndez-Armesto (Spanish), arbitrators: Jan Paulsson (French), J?rgen Voss (German)) is considering the case upon the request of Mr. Joseph Charles Lemire, a national of the United States of America, filed in respect of a case against Ukraine. The case was brought under the 1994 Bilateral Investment Treaty between Ukraine and the United States. The dispute concerned the issuance and operation of radio broadcasting licenses in the Ukraine.

An ICSID arbitration tribunal has found that Ukraine violated international law on tenders by awarding radio broadcasting licences in secret in 2004 – but rejected other claims brought against the state by a US radio investor.

Source: http://www.kommersant.ua

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