Arnold & Porter Kaye Scholer recently secured an important victory for leading Turkish energy companyKarkey Karadeniz Elektrik Uretim A.S. (Karkey) in an ICSID arbitration against the Islamic Republic of Pakistan. In August 2017, the tribunal unanimously issued a final award, finding Pakistan liable under the Turkey-Pakistan bilateral investment treaty, and ordering Pakistan to pay approximately $800 million in damages, including interest. The award for Karkey is one of the largest damages awards in ICSID history.
The team included International Arbitration partners Paolo Di Rosa, Anton Ware, Larry Schneider, and David Reed, Corporate & Finance partner Raul Herrera, and International Arbitration associates Amy Endicott, Jose Antonio Rivas, John Muse-Fisher, Monty Taylor, and Bart Wasiak.
Arnold & Porter LLP published this content on 08 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 January 2018 23:14:06 UTC.
Original documenthttps://www.apks.com/en/perspectives/news/2018/01/arnold-porter-kaye-scholer--icsid-victory-karkey
Public permalinkhttp://www.publicnow.com/view/5A6270B84D76327D0FE2F4E40AC1EBE31F5C6FF9
