How the Armenian Civil Code Sank a $331 Million Claim – EJIL: Talk! – Go Health Pro

How the Armenian Civil Code Sank a 1 Million Claim – EJIL: Talk! – Go Health Pro

Can a three-year deadline in Armenia’s Civil Code derail a $331 million investment arbitration? The recent ICSID award in Rasia FZE and Joseph K. Borkowski v. Republic of Armenia says yes, exposing a critical spot in investor-state dispute settlement (ISDS): the quiet power of domestic law to strangle investment claims.

The dispute stemmed from a grand infrastructure project, a North-South railway corridor meant to link the Persian Gulf to the Black Sea via Armenia. In 2012, Armenia signed two Concession Agreements with Rasia FZE, a Dubai-based investment vehicle, to conduct feasibility studies and project development. The Claimants asserted Armenia subsequently: (1) abruptly withdrew political backing; (2) failed to provide promised support; and (3) engaged with competing investors, actions they claimed constituted both contractual breaches and violations of the US–Armenia BIT’s FET guarantees. Joseph K. Borkowski, Rasia’s US-national CEO, joined the arbitration seeking $331 million for the project’s collapse.

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The Crooked Home: The story of the pub that sank – Go Well being Professional

The Crooked Home: The story of the pub that sank – Go Well being Professional

The Crooked Home is without doubt one of the most well-known buildings within the UK, regardless of the actual fact it’s now not standing.  The pub in Staffordshire was given its title due to its distinctive look, which was triggered on account of mining within the nineteenth century inflicting subsidence. It resulted in a single … Read more