Region: Azerbaijan

Armenia defeats ICSID claim over real estate venture

An ICSID tribunal has thrown out a claim against Armenia over a real estate venture after finding that one of the claimants had dual Armenian-US nationality and that his company had not made a valid investment.

16 December 2021

Third win for Azerbaijan’s state oil company

Azerbaijan’s national oil company has won damages in a third arbitration against a Turkish shipping group and its founder, bringing its total compensation in the cases to over US$240 million – after again defeating allegations that the parties had verbally agreed to form a joint venture.

05 February 2021

Azerbaijani state entity wins more damages in billion-dollar dispute

Azerbaijan’s national oil company has won a second damages award against a Turkish shipping group and its imprisoned founder – while a third award is expected imminently in the billion-dollar dispute that has spawned a trio of arbitrations.

28 January 2021

Azerbaijani state entity prevails in billion-dollar case

An LCIA tribunal has reportedly awarded damages to Azerbaijan’s national oil company in a billion-dollar dispute with a Turkish shipping group, whose founder has accused the state entity of providing false testimony that led to his imprisonment.

09 November 2020

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