Icsid and the World Bank Group
ICSID is one of the five organizations of the World Bank Group, along with the International Bank for Reconstruction and Development (IBRD), theInternational Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA). The goal of the World Bank Group is to end extreme poverty within a generation and to boost shared prosperity.
Each of the five World Bank Group organizations contributes to the overall goal of poverty reduction through its particular work.
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Practical Issues
- https://icsid.worldbank.org/apps/ICSIDWEB/cases/Pages/AdvancedSearch.aspx - all Judgements
Case 1. Hassan Awdi, Enterprise Business Consultants, Inc. and Alfa El Corporation v. Romania (ICSID Case No. ARB/10/13
Case 2. Poltava Gas B.V. and Poltava Petroleum Company v. Ukraine (ICSID Case No. ARB/15/9)
Case 2. Details
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Poltava Gas B.V. and Poltava Petroleum Company v. Ukraine (ICSID Case No. ARB/15/9)
Subject of Dispute: |
Exploration and production of oil and natural gas |
Economic Sector: |
Oil, Gas & Mining |
Instrument(s)
Invoked: |
BIT Netherlands - Ukraine 1994 |
Applicable Rules: |
ICSID Convention - Arbitration Rules |
(a) Original Proceeding |
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Claimant(s)/Nationality(ies): |
Poltava Gas B.V. (Dutch),Poltava Petroleum Company (Ukrainian) |
Respondent(s): |
Ukraine |
Date Registered: |
March 11, 2015 |
Party Representatives |
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Claimant(s): Allen & Overy, London, U.K. |
Respondent(s): Ministry of Justice of Ukraine, Kyiv, Ukraine |
Language(s) of Proceeding: |
English |
Status of Proceeding: |
Concluded |
Outcome of Proceeding: |
Order taking note of the discontinuance of the proceeding issued pursuant to ICSID Arbitration Rule 43(1) on August 11, 2015. |