ICSID - International Centre for Settlement of Investment Disputes

10/16/2023 | Press release | Distributed by Public on 10/16/2023 17:06

Libra LLC and others v. Republic of Azerbaijan (ICSID Case No. ARB/23/46)

Libra LLC and others v. Republic of Azerbaijan (ICSID Case No. ARB/23/46)

  • Subject of Dispute:
    Real estate project
  • Economic Sector:
    Construction
  • Instrument(s) Invoked: (i)
    BIT Azerbaijan - United Kingdom of Great Britain and Northern Ireland 1996
  • Applicable Rules:
    ICSID Convention - Arbitration Rules

(a) Original Proceeding

  • Claimant(s)/Nationality(ies): (i)
    Libra LLC (Azerbaijani), Neptun Azerbaijan-British LLC (Azerbaijani), Virgo Developments Ltd. (Azerbaijani), and the Estate of Efruz Muduroglu (British)
  • Respondent(s):
    Republic of Azerbaijan (Azerbaijani)
  • Date Registered:
    October 16, 2023
  • Party Representatives

  • Claimant(s):
    King & Spalding, Washington, D.C., New-York, NY, Houston, TX, U.S.A, and Paris, France
  • Respondent(s):
    Ministry of Economy of the Republic of Azerbaijan and Ministry of Finance of the Republic of Azerbaijan, Baku, Republic of Azerbaijan
  • Status of Proceeding:
    Pending
  • Latest Development:
    October 16, 2023 -

    The Secretary-General registers a request for the institution of arbitration proceedings.

No References Available.

(a) Original Proceeding

Date Development
October 16, 2023

The Secretary-General registers a request for the institution of arbitration proceedings.