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Procedural Issue Substantive Issue

Year the case was initiated2001
Year the award was rendered2006
Country involvedCzech Republic
Home country of the investorNetherlands
Parties to the disputeSaluka Investments BV (The Netherlands) (Nomura -- Japan) v. Czech Republic
Sector3
Type of investmentbanking enterprise
Nature of dispute / claim
Legal instrumentCzech Republic-Netherlands BIT
Rules / VenuesUNCITRAL, PCA is providing secretarial support; seat is geneva, hearings have been in london
Amount sought by investorapprox US$ 1 billion
Amount awarded / status of disputepending; Tribunal found a breach of FET; question of the appropriate redress for that breach, including questions of quantum, will be addressed in a second phase of this arbitration
ArbitratorsSir Arthur Watts QC (chair), L. Yves Fortier, Peter Behrens
Decisions renderedDecision on Jurisdiction over the Czech Republic's Counterclaim issued on 7 May 2004;
Partial Award issued on 17 March 2006
Statusawarded in favor of the investor
Linkshttp://ita.law.uvic.ca/documents/Saluka-DecisiononJurisdiction-counterclaim.pdf
http://ita.law.uvic.ca/documents/Saluka-PartialawardFinal.pdf
Commentary (if any)
Special features