IIAPP - Plama v Bulgaria

Plama v Bulgaria

Year of Claim: 2002

Basis for Claim: ECT

Respondent State: Bulgaria

Claimants

Name of Claimant 1: Plama Consortium Ltd.

Primary Nationality of Claimant: Cyprus

Outcome

Tribunal accepted jurisdiction over claim, but decided that respondent state did not violate treaty. Tribunal required claimant to pay all arbitration costs as well as legal costs of respondent state.

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Policy Areas: environmental protection (environmental liability), administration of justice (bankruptcy administration), public order (occupations of oil refinery), tax (corporate income tax), privatization (oil re

Rules Used: ICSID

Arbitrators

Salans, Carl F., van den Berg, Albert Jan, Veeder, V.V.

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Policy Area

Treaty

Case Name

Respondent State

Arbitrator