Procedural Issue Substantive Issue
| Year the case was initiated | 2002 |
| Year the award was rendered | 2007 |
| Country involved | Turkey |
| Home country of the investor | United States |
| Parties to the dispute | PSEG Global Inc., The North American Coal Corporation (NACC), and Konya Ilgin Elektrik Üretim ve Ticaret Limited Sirketi v. Republic of Turkey (ICSID Case No. ARB/02/5) |
| Sector | 1 |
| Type of investment | electric power generating station project |
| Nature of dispute / claim | claims arising out of the Government alleged action and inaction to destroy the investment (ie., by depriving the investor of the Treasury guarantee, long-term power purchase agreement and the Fund Agreement) |
| Legal instrument | Turkey-United States BIT |
| Rules / Venues | ICSID |
| Amount sought by investor | US$ 500 million
|
| Amount awarded / status of dispute | Tribunal has jurisdiction over PSEG and Konya;
Tribunal lacks jurisdiction over NACC; US$ 9,061,479.34 awarded plus interest and part of the claimant's costs |
| Arbitrators | Francisco Orrego Vicuña (chair), L Yves Fortier, Gabrielle Kaufmann-Kohler |
| Decisions rendered | Decision on Jurisdiction issued on 4 June 2004;
Award issued on 19 January 2007 |
| Status | awarded in favor of the investor |
| Links | http://ita.law.uvic.ca/documents/psegdecision.pdf http://www.worldbank.org/icsid/cases/pdf/ARB025-Award.pdf |
| Commentary (if any) | |
| Special features |