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Claimants are awarded a large part of their costs, but without interest

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FRGC is ordered to pay tax advance (with interest)

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Other alleged material breaches are not upheld by the tribunal

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Failure to relinquish territories amounts to a material breach of the PSC

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Tribunal refuses to order damages for FRGC’s failure to relinquish territories

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Assignment was in breach of the PSC

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Parties agree on parent company guarantee, rendering security for costs request moot

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FRGC’s counterclaims are withdrawn – and dismissed without prejudice

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Jurisdiction is uncontested

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Tribunal deems industry standards relevant for contractual interpretation

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Dispute over product sharing agreement prompts UNCITRAL arbitration claim

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Procedural efficiency is “key goal” of bifurcation decision

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Turkmenistan asks for bifurcation and early resolution of bankruptcy-related claims

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Early resolution of bankruptcy claim would not serve procedural efficiency

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Bifurcation at an advanced stage is unlikely to materially reduce the proceedings

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Ratione materiae objections are intertwined with the merits; bifurcation of ratione personae objections alone would not be efficient

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Each party is ordered to bear its own costs

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Tribunal affirms intention to modulate proceedings so as to ensure equality of arms

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Citing access to justice concerns, tribunal allows claimant to explore after-the-event insurance

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Claimant asks for reconsideration of previously-granted security for costs order, arguing that escrow account and bank guarantee are not commercially viable options

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Tribunal unanimously finds that claimant had made serious efforts – but ultimately failed – to post security through an escrow account, a bank guarantee, or after-the-event insurance

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Minority arbitrator advocates for stay of arbitration, expressing concerns over respondent’s inability to recover costs

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Minority arbitrator proposes extension of tribunal powers for claims involving third-party funding

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