Region: Georgia

Georgia has applied to annul a US$76 million ICSID award won by subsidiaries of a Russian state-owned energy company in a dispute over energy tariffs that has given rise to a US$112 million SCC award issued by the same tribunal.

30 March 2023

Subsidiaries of a Russian state-owned energy company have applied to a US court to enforce a US$76 million ICSID award against Georgia in a dispute over electricity tariffs – as an SCC award issued by the same arbitrators is challenged in Stockholm.

17 February 2023

Georgia says its roads department has won US$64 million across a trio of ICC arbitrations over terminated contracts for a highway project.

05 August 2022

An ICC tribunal has ordered an Italian construction company to pay around US$22 million to Georgia in a dispute over a terminated highway construction project.

11 July 2022

An ICSID tribunal has dismissed Georgia’s preliminary objection to a case concerning a local internet provider, holding that a pre-arbitration inter-state negotiation clause lacks “bite” and only required the investor to issue notice of its claim.

20 June 2022

An ICSID-administered tribunal has issued a partial award requiring Georgia to pay US$80 million to a Russian energy group in a dispute over tariffs.

03 December 2021

The tribunal that ruled against Houston-based Frontera Resources in a multibillion-dollar dispute over a Georgian oil and gas block found no evidence that the company had made a discovery or drilled any wells at the site, it has emerged.

26 July 2021

ICSID has rejected a port investor’s bid to disqualify Klaus Sachs from hearing a claim against Georgia, after the German arbitrator was removed from an overlapping ICC case.

19 July 2021

LINK TO DECISION ADDED: The ICC Court has disqualified German arbitrator Klaus Sachs from hearing a port developer’s claim against Georgia in light of his appointment by the state in an overlapping ICSID case – citing the risk he could prejudge issues and have access to information denied to his co-panellists.

12 March 2021

A Swiss court has upheld an award that found commodities trader Glencore liable for abuse of rights in a dispute with a former partner in a Georgian mining project, having overturned two previous awards by the same tribunal.

17 February 2021