Gardabani Holdings B.V. and Silk Road Holdings B.V. v. Georgia, ICSID Case No. ARB/17/29
Short Name:
Seat of Arbitration:
Investment treaty:
Applicable legal instruments:
Economic sector:
Outcome:
Amount of damages:
US $75,900,000
Other remedy:
The Tribunal ordered the Respondent to indemnify the Claimants against any Georgian tax liabilities on the awarded amounts and granted simple interest at the six-month USD SOFR rate plus 2% from December 24, 2021, until payment is finalized.