Year of Claim: 2005
Basis for Claim: Germany-Thailand BIT
Respondent State: Thailand
Name of Claimant 1: Walter Bau Ag (In Liquidation)
Primary Nationality of Claimant: Germany
Tribunal accepted jurisdiction over claim, decided that respondent state violated treaty, and awarded approximately EUR 29 million (plus interest) against respondent state. Tribunal required respondent state to pay EUR 1.8 million toward arbitration and legal costs of claimant.
Policy Areas: transportation (highways), public contracting (highway construction), privatization (operation of toll highway)
Rules Used: UNCITRAL
Bunnag replaced Valaisathien after establishment of original tribunal but before award on jurisdiction.