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Petrobart’s failure to terminate the sales contract prevents it from claiming lost profits; claims for expenses of previous proceedings also declined
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Tribunal decides against a precise valuation of the losses to avoid delays
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Denial of benefits claim swiftly dismissed
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Right to claim money constitutes an investment under the ECT
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Subsequent ECT rulings continue to battle over the nature of contractual debt as investments
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In second arbitration, tribunal extends ECT to Gibraltar on a provisional basis
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On merits, second tribunal finds a breach of FET and effective means clauses
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Expropriation claim rejected
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Second tribunal considers the relevance of first arbitration and earlier Kyrgyz court decision for new proceedings
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