Mohammad Reza Dayyani and others v. Republic of Korea (I), PCA Case No. 2015-38

New
Short Name:

Case type:
International Investment Agreement (Investor–State)
Seat of Arbitration:
Investment treaty:
Iran - Korea BIT (1998)
Applicable legal instruments:
Iran - Korea BIT (1998)
Economic sector:
Manufacturing
Outcome:
In Favour of Claimant(s)
Amount of damages:
US $53,000,000
Other remedy:
The Tribunal decided that the Respondent shall pay the Claimant interest on the sum awarded. Additionally, the Respondent shall pay the Claimants the sums of 781,870.64 USD and 1,089,580.65 EUR in compensation for the Claimants' reasonable costs.
See case mapped on Investor-State LawGuide

Available documents

5 Jun 2018
Award (not public)
Case Profile:
/ Participants Details
Claimant appointee
Claimant appointee:
Philippe Pinsolle
Respondent appointee
Respondent appointee:
Gavan Griffith
Chair/President
Chair/President:
Bernard Hanotiau
Arbitrator(s)
Jan Paulsson
Judges
Claimant's counsel
Respondent's counsel
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
4 Jul 2018
Case Profile:
/ Participants Details
Claimant appointee
Claimant appointee:
Philippe Pinsolle
Respondent appointee
Respondent appointee:
Gavan Griffith
Chair/President
Chair/President:
Bernard Hanotiau
Arbitrator(s)
Judges
Claimant's counsel
Respondent's counsel
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
20 Dec 2019
Case Profile:
/ Participants Details
Claimant appointee
Respondent appointee
Chair/President
Arbitrator(s)
Judges
Claimant's counsel
Respondent's counsel
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
8 Jul 2020
Case Profile:
/ Participants Details
Claimant appointee
Claimant appointee:
Philippe Pinsolle
Respondent appointee
Respondent appointee:
Gavan Griffith
Chair/President
Chair/President:
Bernard Hanotiau
Arbitrator(s)
Judges
Claimant's counsel
Respondent's counsel
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
14 Mar 2023
Case Profile:
/ Participants Details
Claimant appointee
Claimant appointee:
Philippe Pinsolle
Respondent appointee
Respondent appointee:
Gavan Griffith
Chair/President
Chair/President:
Bernard Hanotiau
Arbitrator(s)
Judges
Claimant's counsel
Respondent's counsel
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter