PCA tribunal dismisses port investors’ US$206m claim against Estonia

Table of contents

• Seaport investment
• No ‘improper motivation’
• Counsel

Article summary

Mealey’s: A Permanent Court of Arbitration (PCA) tribunal recently issued an award in which it dismissed a US seaport investor’s claims against the Republic of Estonia for allegedly interfering with, harming and eventually judicially expropriating its investment, causing it approximately US$206m in damages, while dismissing Estonia’s objections to jurisdiction and admissibility and ordering the parties to split equally the arbitration costs of approximately €3m.