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Year the case was initiated1997
Year the award was rendered2004
Country involvedSlovak Republic
Home country of the investorCzech Republic
Parties to the disputeCeskoslovenska Obchodni Banka, a.s. v. The Slovak Republic (ICSID Case No. ARB/97/4)
Sector3
Type of investmentdebt instruments
Nature of dispute / claim
Legal instrumentCzech Republic-Slovak Republic BIT (jurisdiction not based on BIT)
Rules / VenuesICSID
Amount sought by investorSlovak Crowns 40,3 billion (approx US$ 1.4 billion) plus interest
Amount awarded / status of disputeSlovak Crowns 24,8 billion (approx US$ 800 million) plus interest
ArbitratorsFirst and second Decisions on Jurisdiction: Thomas Buergenthal (Chair); Piero Bernardini; Andreas Bucher
Final award: Hans van Houtte (Chair); Piero Bernardini; Andreas Bucher
Decisions renderedDecision on Jurisdiction issued on 24 May 1999;
Second Decision on Jurisdiction issued on 1 December 2000;
Award issued on 29 December 2004
Statusawarded in favor of the investor
Linkshttp://www.worldbank.org/icsid/cases/csob_decision.pdf
http://www.worldbank.org/icsid/cases/csob.pdf
http://ita.law.uvic.ca/documents/Cesk-Slovakia-AwardDec2004.pdf
Commentary (if any)
Special features