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Procedural Issue Substantive Issue

Year the case was initiated1999
Year the award was rendered2001
Country involvedEstonia
Home country of the investorUnited States
Parties to the disputeAlex Genin, Eastern Credit Limited, Inc v. Republic of Estonia (ICSID Case No. Arb/99/2)
Sector3
Type of investmentbanking enterprise
Nature of dispute / claim
Legal instrumentUS-Estonia BIT
Rules / VenuesICSID
Amount sought by investorUS$ 1,639,344 plus between US$ 50 and 70 million for other damages
Amount awarded / status of disputeall claims were rejected on the merits
ArbitratorsYves Fortier (Chair); Meir Heth; Albert Jan Van den Berg
Decisions renderedAward issued on 25 June 2001
Statusawarded in favor of the state
Linkshttp://www.worldbank.org/icsid/cases/genin.pdf
Commentary (if any)
Special featurescounterclaim advanced by Estonia was rejected by the Tribunal