Funded ICSID claimant ordered to pay security
Unionmatex won a tender to build five high-tech flour mills and two shopping centers with attached bakeries (Credit: Shutterstock/Pavel Chagochkin)
In a rare decision, an ICSID tribunal has ordered the administrator of an insolvent German construction company who is bringing a third-party funded claim against Turkmenistan to pay security for costs – owing to the “exceptional circumstances” of the case.
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