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EU law does not apply to the tribunal’s jurisdiction
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Joint proceedings are different from consolidated proceedings
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Majority examines three previous cases on mass claims
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Two claimants who asked for discontinuation remain liable for costs
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Majority invites submissions on bifurcation and security for costs
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Fork-in-the-road objection is “moot”
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EU and investment regimes can operate side by side
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EU treaties and BITs do not share the same subject matter as BITs provide for international arbitration proceedings
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Bonds, deposits and life insurances are investments
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Majority finds that Cyprus-Greece BIT covers indirect investments – pointedly disagreeing with the Postova Banka tribunal
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Mass claim is manageable under ICSID framework, and therefore admissible
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Majority finds jurisdiction over mass arbitration due to “substantial unity” of claims
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Applicable treaties are silent on mass claims
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Notice requirements are not “narrow or rigid”
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Control of legal entities by Cypriot nationals is irrelevant
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Majority allows claimants to correct an error in the request for arbitration
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