Procedural Issue Substantive Issue
| Year the case was initiated | 2001 |
| Year the award was rendered | 2005 |
| Country involved | Romania |
| Home country of the investor | United States |
| Parties to the dispute | Noble Ventures v. Romania (ICSID Case No. ARB/01/11) |
| Sector | 2 |
| Type of investment | stock purchase agreement for a steel industry asset |
| Nature of dispute / claim | claims arising out of a privatization agreement concerning the acquisition, management, operation and disposition of a substantial steel mill with associated and other assets |
| Legal instrument | Romania-United States BIT |
| Rules / Venues | ICSID |
| Amount sought by investor | US$143,531,000 plus applicable tax gross-up, interest compounded from July 31, 2001, attorney’s fees, expenses and costs of arbitration |
| Amount awarded / status of dispute | claims rejected on the merits |
| Arbitrators | Karl-Heinz Boeckstiegel (chair), Jeremy Lever, Pierre-Marie Dupuy |
| Decisions rendered | Award issued on 12 October 2005;
Decision on the Respondent’s Request for Rectification of the Award of October 12, 2005 issued on 19 May 2006 |
| Status | awarded in favor of the state |
| Links | http://ita.law.uvic.ca/documents/Noble.pdf http://ita.law.uvic.ca/documents/Noble-RectificationofAward.pdf |
| Commentary (if any) | |
| Special features |