Region: Turkey

Rosatom settles ICC dispute over Turkish project

Russian state-owned company Rosatom has agreed to settle a dispute over a Turkish nuclear power project that saw it face three ICC arbitrations worth a combined US$5 billion.

04 October 2022

Erdogan associate faces claim over pipeline project

A wealthy businessman who is said to be a close confidant of Turkey’s President Recep Tayyip Erdoğan is facing an ICC claim over an abandoned multibillion-dollar pipeline project to transport gas from Iran to Europe.

07 September 2022

Turkish investor puts Yemen on notice over road project

A Turkish construction company has threatened Yemen with a US$660 million treaty claim over a road project it says was disrupted by the seizure of equipment and raids and intimidation by paramilitary units.

24 August 2022

Rosatom faces disputes over Finnish and Turkish projects

Rosatom is bringing several ICC cases and potentially also a treaty claim over the termination of its contract for a Finnish nuclear power plant, GAR has learned, as the Russian state entity is threatened with arbitration by a Turkish contractor over another politically sensitive project.

03 August 2022

Lahore cleaning contract lands Pakistan at ICSID

Two Turkish companies have filed an ICSID claim against Pakistan over a US$174 million contract for waste disposal services in the city of Lahore after their offices were reportedly raided by local authorities.

23 June 2022

Greek state entity defeats Stockholm set aside bid

Greece’s state-owned gas company Depa has defeated an attempt by Turkish counterpart Botaş to have a Stockholm court set aside a US$227 million ICC award over the price of gas supplied under a pipeline deal.

05 April 2022

Turkey and Peru face ICSID claims

Italian energy group Enel has launched an ICSID claim against Turkey, while Peru is seeking external counsel for two new claims relating to highway and metro concessions.

13 December 2021

Gazprom sees off another price review challenge

A Swedish court has rejected a Turkish energy company’s bid to set aside an award in another gas price review arbitration with a subsidiary of Gazprom.

01 November 2021

Turkey defeats claim over takeover of media distributor

An ICSID tribunal has thrown out a €126 million claim against Turkey over the alleged expropriation of a real estate and media distribution group linked to exiled Islamic cleric Fetullah Gülen.

22 September 2021

Turkey hit with billion-dollar mining claim

A Canadian mining company has made good on its threat to file a US$1 billion investment treaty claim against Turkey over the state’s refusal to renew licences for a gold mining project that has faced protests over alleged environmental damage and deforestation.

08 June 2021

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