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Procedural Issue Substantive Issue

Year the case was initiated2002
Year the award was rendered2007
Country involvedUnited Arab Emirates
Home country of the investorItaly
Parties to the disputeHussein Nauman Soufraki v. United Arab Emirates (ICSID Case No. ARB/02/7)
Sector3
Type of investmentport concession
Nature of dispute / claimclaim arising out of a concession agreement between the Dubai Department of Ports and Customs and the investor
Legal instrumentItaly-United Arab Emirates BIT
Rules / VenuesICSID
Amount sought by investorbetween US$ 580 million and US$ 2.5 billion
Amount awarded / status of disputeTribunal lacks jurisdiction; Claimant's Request for annulment is dismissed; Request for Rectification regestered on 19 June 2007
ArbitratorsL. Yves Fortier (Chair); Aktham El Kholy; Stephen M. Schwebel
Annulment Committee: Florentino P. Feliciano (Chair); Omar Nabulsi; Brigitte Stern
Decisions renderedDecision on Jurisdiction issued on 7 July 2004;
Decision of the Ad Hoc Committee on Annulment issued on 13 August 2007
Statusawarded in favor of the state
Linkshttp://ita.law.uvic.ca/documents/Soufraki_000.pdf
http://www.investmentclaims.com/decisions/Soufraki-UAE-Annulment-Decision.pdf
Commentary (if any)
Special features