ICSID Finds It Has Jurisdiction Over Treaty Claims Against Turkmenistan

WASHINGTON, D.C. - The International Centre for Settlement of Investment Disputes (ICSD) on July 25 released a decision in which it rejected Turkmenistan's argument that a United Kingdom investor could file arbitration only under the United Nations Commission on International Trade Law (UNCITRAL) rules, finding that ICSID has jurisdiction over the company's bilateral investment treaty claims (Garanti Koza LLP v. Turkmenistan, No. ARB/11/20, ICSID).

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