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Most of the requested compensation was awarded to claimant
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Seeing no clear rules on interest, tribunal relied on analogy from BIT’s provision on compensation for expropriation
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Tribunal saw no illegality in claimant’s investment
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SwemBalt made an investment in Latvia
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Tribunal found the (il)legality requirement irrelevant for “investor” status
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Tribunal saw no issue with ownership of ship
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Tribunal deemed it irrelevant whether contested acts were taken by local or central authorities
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Loss of ship prompts BIT claim
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Danish court proceedings revealed tribunal’s subsequent interpretation of the award
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Tribunal assessed the impact of Latvia’s limited participation in the proceedings
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