Capabilities

Karkey Karadeniz Elektrik Uretim A.S. v. The Islamic Republic of Pakistan (ICSID Case No. ARB/13/1)

Karkey Karadeniz Elektrik Uretim A.S
2013 - Ongoing

The firm was lead counsel to the claimant, Karkey Karadeniz Elektrik Uretim A.S. (“Karkey”), a Turkish energy company, in a successful ICSID arbitration against the Islamic Republic of Pakistan. The tribunal unanimously issued a final award in our client’s favor on 22 August 2017, finding Pakistan liable under the applicable treaty, and ordering Pakistan to pay approximately $800 million in damages, including interest (one of the largest damages awards in ICSID’s history).

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