In Favour of Respondent(s)

AS IuteCredit Europe v. Republic of Kosovo, ICC Case No. 25135/HBH
Juvel Ltd. and Bithell Holdings Ltd. v. Republic of Poland, ICC Case No. 19459/MHM 
Saar Papier Vertriebs GmbH v. Republic of Poland (II)
Keppel Seghers Engineering Singapore PTE Ltd. v. State of Qatar, ICC Case No. 27050/ELU (C. 27611/EL)
Gracia Gargour and Marie-Louise Gargour v. State of Libya (I), PCA Case No. 2019-31 
ELA U.S.A., Inc. v. The Republic of Estonia, PCA Case No. 2018-42
Asael Halevi v. Czech Republic, UNCITRAL
Nurhima Kiram Fornan and others v. Kingdom of Spain, ICSID Case No. ARB/24/45
Jindal Steel Bolivia S.A. v. Plurinational State of Bolivia, Corporación Minera de Bolivia and Empresa Siderúrgica del Mutún, ICC Case No. 20086/ASM/JPA
Tamagot Bumi S.A. and Bumi Mauritania S.A. v. Islamic Republic of Mauritania, ICSID Case No. ARB/14/23
FREIF Eurowind Holdings Ltd. v. Kingdom of Spain, SCC Case No. 2017/060
ENERGO-PRO a.s. v. Republic of Bulgaria, ICSID Case No. ARB/15/19
B.V. Belegging-Maatschappij “Far East” v. Republic of Austria, ICSID Case No. ARB/15/32
Champion Holding Company and others v. Arab Republic of Egypt, ICSID Case No. ARB/16/2
Venoklim Holding B.V. v. Bolivarian Republic of Venezuela, ICSID Case No. ARB(AF)/17/4
LTME Mauritius Limited and Madamobil Holdings Mauritius Limited v. Republic of Madagascar, ICSID Case No. ARB/17/28
Wise Solutions CDI, SA v. Republic of Côte d'Ivoire, ICSID Case No. ARB/17/48
GRAND EXPRESS Non-Public Joint Stock Company v. Republic of Belarus, ICSID Case No. ARB(AF)/18/1
Naturgy Energy Group, S.A. and Naturgy Electricidad Colombia, S.L. (formerly Gas Natural SDG, S.A. and Gas Natural Fenosa Electricidad Colombia, S.L.) v. Republic of Colombia, ICSID Case No. UNCT/18/1
Kimberly-Clark Dutch Holdings, B.V., Kimberly-Clark S.L.U., and Kimberly-Clark BVBA v. Bolivarian Republic of Venezuela, ICSID Case No. ARB(AF)/18/3
European Solar Farms A/S v. Kingdom of Spain, ICSID Case No. ARB/18/45
Hydrika 1 S.A.C. and others v. Republic of Peru, ICSID Case No. ARB/18/48
Axiata Investments (UK) Limited and Ncell Private Limited v. Nepal, ICSID Case No. ARB/19/15
Khadamat Integrated Solutions Private Limited (India) v. Kingdom of Saudi Arabia, PCA Case No. 2019-24
Consorcio Cementero del Sur S.A., Yura Inversiones Bolivia S.A., Grupo de Inversiones Gloria Bolivia S.A., Sociedad Boliviana de Cemento S.A. v. Plurinational State of Bolivia, PCA Case No. 2020-47
Lynton Trading LTD. (United States of America) v. Republic of Ecuador, PCA Case No. 2023-20
Santiago Romero Barst and María Auxiliadora Rodríguez v. Republic of Ecuador, PCA Case No. 2023-23
Penwell Business Limited (by MegaCom) v. Kyrgyz Republic, PCA Case No. 2017-31
Littop Enterprises Limited, Bridgemont Ventures Limited and Bordo Management Limited v. Ukraine, SCC Case No. V 2015/092
Montauk Metals Inc. (formerly known as Galway Gold Inc.) v. Republic of Colombia, ICSID Case No. ARB/18/13
Spentech Engineering Limited v. United Arab Emirates, ICSID Case No. ARB/24/16
Mazen Al Ramahi v. Hungary, ICSID Case No. ARB/17/45
Scholz Holding v. Morocco, ICSID Case No. ARB/19/2
América Móvil S.A.B. de C.V. v. Republic of Colombia, ICSID Case No. ARB(AF)/16/5
National Center on Complex Processing of Mineral Raw Materials of the Republic of Kazakhstan v. Kyrgyz Republic, PCA Case No. 2019-01
Kornikom EOOD v. Republic of Serbia, ARB/19/12
WCV World Capital Ventures Cyprus Ltd. & Channel Crossings Ltd. v. Czech Republic, PCA Case No. 2016-12
Tekfen TML Joint Venture v Libya, ICC Case No. 21371/MCP/DDA
Westmoreland Coal Company v. Canada (III), ICSID Case No. UNCT/23/2
Edward Sukyas v. Romania, PCA Case 2020-54
Marko Mihaljevic v. Republic of Croatia, ICSID Case No. ARB/19/35
Leopoldo Castillo Bozo v. Republic of Panama, PCA 2019-40
Access Business Group LLC v. United Mexican States, ICSID Case No. ARB/23/15
Campos de Pesé, S.A. v. Republic of Panama, ICSID Case No. ARB/20/19
Zaur Leshkasheli and Rosserlane Consultants Limited v. Republic of Azerbaijan, ICSID Case No. ARB/20/20
Durres Kurum Shipping SH. P.K. and others v. Republic of Albania, ICSID Case No. ARB/20/37
Panamericana Television S.A. et al v. Republic of Peru, PCA Case No. 2019-26
Addiko Bank AG v. Montenegro, ICSID Case No. ARB/17/35
Komaksavia Airport Invest Ltd. v. Republic of Moldova, SCC Case No. EA 2020/074
Eutelsat S.A. v. United Mexican States, ICSID Case No. ARB(AF)/17/2
AHG Industry GmbH & Co. KG v. Republic of Iraq, ICSID Case No. ARB/20/21
Alverley Investments Limited and Germen Properties Ltd v. Romania, ICSID Case No. ARB/18/30
Ahron G. Frenkel v. Republic of Croatia, ICSID Case No. ARB/20/49
WM Mining Company, LLC v. Mongolia, ICSID Case No. ARB/21/8
Koch Industries, Inc. and Koch Supply & Trading, LP v. Canada, ICSID Case No. ARB/20/52
Vercara,  LLC (formerly Security Services, LLC d/b/a Neustar Security Services (formerly Neustar, Inc.) v. Republic of Colombia, ICSID Case No. ARB/20/7
Riverside Coffee, LLC v. Republic of Nicaragua, ICSID Case No. ARB/21/16
Lao Holdings & Sanum v. Laos & al., SIAC Case No. ARB 414/17/QW
 Alejandro Diego Díaz Gaspar v. Republic of Costa Rica, ICSID Case No. ARB/19/13
Green Power K/S and Obton A/S v. Spain, SCC Case No. V 2016/135
Fund for Protection of Investors' Rights in Foreign States v. Republic of Lithuania, PCA Case No. 2019-48
Laos v. Lao Holdings & Sanum, SIAC Case No. ARB 143/14/MV
TC Energy Corporation and TransCanada Pipelines Limited v. United States of America (II), ICSID Case No. ARB/21/63
Freeport-McMoRan Inc. v. Republic of Peru, ICSID Case No. ARB/20/8
Kaloti Metals & Logistics, LLC v. Republic of Peru, ICSID Case No. ARB/21/29
Ghella v. Venezuela and Metro de Valencia, ICC Case No. 24776/JPA
Discovery Global LLC v. Slovak Republic, ICSID Case No. ARB/21/51
Festorino Invest Limited and others v Poland, SCC Case No. V2018/098
IC Power Asia Development Ltd. v. Republic of Guatemala, PCA Case No. 2019-43
Raimundo J. Santamarta Devis v. Venezuela, PCA Case No. 2020-56
Zeph Investments Pte Ltd v. Commonwealth of Australia (III), PCA Case No. 2023-40
WalAm Energy LLC v. Republic of Kenya, ICSID Case No. ARB/15/7
State General Reserve Fund of the Sultanate of Oman v. Republic of Bulgaria (ICSID Case No. ARB/15/43)
Gabriel Resources Ltd. and Gabriel Resources (Jersey) v. Romania (I), ICSID Case No. ARB/15/31
Patel Engineering Limited (India) v. Republic of Mozambique, PCA Case 2020-21
Edmond Khudyan and Arin Capital & Investment Corp. v. Republic of Armenia, ICSID Case No. ARB/17/36
Gold Pool Limited Partnership v. Republic of Kazakhstan, PCA Case No. 2016-23
Luis García Armas v. Bolivarian Republic of Venezuela, ICSID Case No. ARB(AF)/16/1
Alois Schönberger v. Republic of Tajikistan, ICSID Case No. ARB(AF)/19/1
Sapec, S.A. v. Kingdom of Spain, ICSID Case No. ARB/19/23
Sun Reserve Luxco Holdings SRL v. Italy, SCC Case No. 132/2016
Öztaş Construction, Construction Materials Trading Inc. v. Libya, ICC Arbitration No. 21603/ZF/AYZ
Lotus Holding Anonim Şirketi v. Turkmenistan, ICSID Case No. ARB/17/30
Thomas Gosling and others v. Republic of Mauritius, ICSID Case No. ARB/16/32
Indian Metals & Ferro Alloys Ltd v. Republic of Indonesia, PCA Case No. 2015-40
Staur Eiendom AS, EBO Invest AS and Rox Holding AS v. Republic of Latvia, ICSID Case No. ARB/16/38
Ioan Micula, Viorel Micula and others v. Romania [II], ICSID Case No. ARB/14/29
Angel Samuel Seda and others v. Republic of Colombia, ICSID Case No. ARB/19/6
Louis Dreyfus Armateurs SAS v. Republic of India, PCA Case No. 2014-26
Theodoros Adamakopoulos and others v. Republic of Cyprus, ICSID Case No. ARB/15/49  
Almasryia for Operating & Maintaining Touristic Construction Co. L.L.C. v. State of Kuwait, ICSID Case No. ARB/18/2
Stadtwerke München GmbH, RWE Innogy GmbH, and others v. Kingdom of Spain, ICSID Case No. ARB/15/1
Enrique Heemsen and Jorge Heemsen v. Venezuela, PCA Case No. 2017-18
Red Eagle Exploration Limited v. Republic of Colombia, ICSID Case No. ARB/18/12
Oded Besserglik v. Republic of Mozambique, ICSID Case No. ARB(AF)/14/2
CMC Muratori Cementisti CMC Di Ravenna SOC. Coop., CMC MuratoriCementisti CMC Di Ravenna SOC. Coop. A.R.L. Maputo Branch and CMC Africa, and CMC Africa Austral, LDA v. Republic of Mozambique, ICSID Case No. ARB/17/23
Belenergia S.A. v. Italian Republic, ICSID Case No. ARB/15/40
The Lopez-Goyne Family Trust and others v. Republic of Nicaragua, ICSID Case No. ARB/17/44
Cube Infrastructure Fund SICAV and others v. Kingdom of Spain, ICSID Case No. ARB/15/20
Jin Hae Seo v. Republic of Korea, HKIAC Case No. HKIAC/18117
I.C.W. Europe Investments Limited v. Czech Republic, PCA Case No. 2014-22
Photovoltaic Knopf Betriebs GMBH v. Czech Republic, PCA Case No. 2014-21
WA Investments Europa Nova Ltd. v. Czech Republic, PCA Case No. 2014-19
Hydro S.R.L. (Italy) v. Republic of Albania (II), ICC Case No. 20654/EMT/GR
Alicia Grace and others v. United Mexican States, ICSID Case No. UNCT/18/4
CEF Energia BV v. Italian Republic, SCC Case No. 158/2015
Clorox Spain S.L. v. Bolivarian Republic of Venezuela, PCA Case No. No. 2015-30
Tennant Energy, LLC v. Government of Canada, PCA Case No. 2018-54
Carlos Sastre and others v. Mexico, ICSID Case No. UNCT/20/2
Alberto Carrizosa Gelzis, Enrique Carrizosa Gelzis, Felipe Carrizosa Gelzis v. Republic of Colombia, PCA Case No. 2018-56  
Bay View Group LLC and The Spalena Company LLC v. Republic of Rwanda, ICSID Case No. ARB/18/21
Tomasz Częścik and Robert Aleksandrowicz v. Cyprus, SCC Case No. V 2014/169
Mağdenli Yer Hizmetleri ve Taşıma Anonim Şirketi v. Kazakhstan, ICC
Vento Motorcycles, Inc. v. United Mexican States, ICSID Case No. ARB(AF)/17/3
Antonio del Valle Ruiz and others v. Kingdom of Spain, PCA Case No. 2019-17
Krederi Ltd. v. Ukraine, ICSID Case No. ARB/14/17
Manuel García Armas and others. v. Bolivarian Republic of Venezuela, PCA Case No. 2016-08
GPF GP S.à.r.l v. Republic of Poland, SCC Case No. V 2014/168
Jürgen Wirtgen, Stefan Wirtgen, Gisela Wirtgen and JSW Solar (zwei) GmbH & Co. KG v. Czech Republic, PCA Case No. 2014-03
Lighthouse Corporation Pty Ltd and Lighthouse Corporation Ltd, IBC v. Democratic Republic of Timor-Leste, ICSID Case No. ARB/15/2
Gambrinus, Corp. v. Bolivarian Republic of Venezuela, ICSID Case No. ARB/11/31
Nova Group Investments, B.V. v. Romania, ICSID Case No. ARB/16/19
Hela Schwarz GmbH v. People's Republic of China, ICSID Case No. ARB/17/19
Capital Financial Holdings Luxembourg S.A. v. Republic of Cameroon, ICSID Case No. ARB/15/18
Alpiq AG v. Romania, ICSID Case No. ARB/14/28
Consutel Group S.p.A. in liquidazione v. People's Democratic Republic of Algeria, PCA No. 2017-33
Eskosol S.p.A. in liquidazione v. Italian Republic, ICSID Case No. ARB/15/50
ICL Europe Coöperatief U.A. v. Ethiopia, PCA Case No. 2017-26
Blusun S.A., Jean-Pierre Lecorcier and Michael Stein v. Italian Republic, ICSID Case No. ARB/14/3
Itisaluna Iraq LLC and others v. Republic of Iraq, ICSID Case No. ARB/17/10
 President Allende Foundation, Victor Pey Casado and Coral Pey Grebe v. Republic of Chile (II), PCA Case No. 2017-30
Cem Cengiz Uzan v.  Republic of Turkey, SCC Case No.  V 2014/023 
Anglia Auto Accessories Ltd. v. Czech Republic, SCC Case No. V 2014/181
Ansung Housing Co., Ltd. v. People's Republic of China, ICSID Case No. ARB/14/25
WNC Factoring Limited v. The Czech Republic, PCA Case No. 2014-34
Anglo-Adriatic Group Limited v. Republic of Albania, ICSID Case No. ARB/17/6
A11Y LTD. v. Czech Republic, ICSID Case No. UNCT/15/1
Central European Aluminium Company (CEAC ) and En+ Group v. Montenegro, UNCITRAL, PCA
Ras al-Khaimah Investment Authority (RAKIA) v. India, UNCITRAL, PCA
Oleg Deripaska v. Republic of Montenegro, PCA Case No. 2017-07
A.M.F. Aircraftleasing Meier & Fischer GmbH & Co. KG v. Czech Republic, PCA Case No. 2017-15
Global Telecom Holding S.A.E. v. Canada, ICSID Case No. ARB/16/16
Bridgestone Licensing Services, Inc. and Bridgestone Americas, Inc. v. Republic of Panama, ICSID Case No. ARB/16/34
Joshua Dean Nelson and Jorge Blanco v. United Mexican States, ICSID Case No. UNCT/17/1
Peter A. Allard v. The Government of Barbados, PCA Case No. 2012-06
Mr. Kristian Almås and Mr. Geir Almås v. The Republic of Poland, PCA Case No 2015-13
Álvarez y Marín Corporación S.A. and others v. Republic of Panama, ICSID Case No. ARB/15/14
 Cortec Mining Kenya Limited, Cortec (Pty) Limited and Stirling Capital Limited v. Republic of Kenya, ICSID Case No. ARB/15/29
Government of the Province of East Kalimantan v. PT Kaltim Prima Coal and others, ICSID Case No. ARB/07/3  
Aguaytia Energy, LLC v. Republic of Peru, ICSID Case No. ARB/06/13  
Vacuum Salt Products Ltd. v. Republic of Ghana, ICSID Case No. ARB/92/1
World Duty Free Company v Republic of Kenya, ICSID Case No. Arb/00/7
Zhinvali Development Ltd. v. Republic of Georgia, ICSID Case No. ARB/00/1  
State Enterprise "Energorynok" (Ukraine) v. Republic of Moldova, SCC Arbitration V 2012/175 
State Enterprise "Energorynok" (Ukraine) v. The Republic of Moldova, SCC Arbitration V 2012/175 
ADF Group Inc. v. United States of America, ICSID Case No. ARB (AF)/00/1
Alex Genin, Eastern Credit Limited, Inc. and A.S. Baltoil v. The Republic of Estonia, ICSID Case No. ARB/99/2
Anglo American PLC v. Bolivarian Republic of Venezuela, ICSID Case No. ARB(AF)/14/1
Antaris Solar GmbH and Dr. Michael Göde v. Czech Republic, PCA Case No. 2014-01
Apotex Holdings Inc. and Apotex Inc. v. United States of America, ICSID Case No. ARB(AF)/12/1
Apotex Inc. v. United States of America, ICSID Case No. UNCT/10/2
Enkev Beheer B.V. v. Republic of Poland, PCA Case No. 2013-01
United Utilities (Tallinn) B.V. and Aktsiaselts Tallinna Vesi v. Republic of Estonia, ICSID Case No. ARB/14/24
Ping An Life Insurance Company, Limited and Ping An Insurance (Group) Company, Limited v. The Government of Belgium, ICSID Case No. ARB/12/29
Mamidoil Jetoil Greek Petroleum Products Societe S.A. v. Republic of Albania, ICSID Case No. ARB/11/24
David R. Aven and Others v. Republic of Costa Rica, ICSID Case No. UNCT/15/3
Turkcell İletişim Hizmetleri A.Ş. v. Islamic Republic of Iran, UNCITRAL
Voltaic Network GmbH v. Czech Republic, PCA Case No. 2014-20 
Caravelí Cotaruse Transmisora de Energía S.A.C. v. Republic of Peru, ICSID Case No. ARB/11/9
CEAC Holdings Limited v. Montenegro, ICSID Case No. ARB/14/8
ST-AD GmbH v. Republic of Bulgaria, UNCITRAL, PCA Case No. 2011-06
RECOFI SA v. Vietnam, UNCITRAL  
KT Asia Investment Group B.V. v. Republic of Kazakhstan, ICSID Case No. ARB/09/8
Transglobal Green Energy, LLC and Transglobal Green Energy de Panama, S.A. v. The Republic of Panama, ICSID Case No. ARB/13/28
Venoklim Holding B.V. v. Bolivarian Republic of Venezuela (I), ICSID Case No. ARB/12/22
Supervision y Control S.A. v. Republic of Costa Rica, ICSID Case No. ARB/12/4
Sanum Investments Limited v. Lao People's Democratic Republic, UNCITRAL, PCA Case No. 2013-13
Orascom TMT Investments S.à r.l. v. People's Democratic Republic of Algeria, ICSID Case No. ARB/12/35
Ali Allawi v. Islamic Republic of Pakistan, PCA Case NO.  2012-23
Grupo Francisco Hernando Contreras v. Republic of Equatorial Guinea, ICSID Case No. ARB(AF)/12/2
Tenoch Holdings Limited, Maxim Naumchenko and Andrey Poluektov v. Republic of India, PCA Case No. 2013-23
InterTrade Holding GmbH v. Czech Republic, PCA Case No. 2009-12
European American Investment Bank AG v. Slovak Republic, PCA Case No. 2010-17 
Eli Lilly and Company v. The Government of Canada, UNCITRAL, ICSID Case No. UNCT/14/2
Lone Pine Resources Inc. v. The Government of Canada, ICSID Case No. UNCT/15/2
Bosh International, Inc and B&P Ltd Foreign Investments Enterprise v. Ukraine, ICSID Case No. ARB/08/11
Ruby Roz Agricol and Kaseem Omar v. Kazakhstan, UNCITRAL
H&H Enterprises Investments, Inc. v. Arab Republic of Egypt, ICSID Case No. ARB 09/15
United Parcel Service of America Inc. v. Government of Canada, ICSID Case No. UNCT/02/1
Tradex Hellas S.A. v. Republic of Albania, ICSID Case No. ARB/94/2
RSM Production Corporation v. Grenada, ICSID Case No. ARB/05/14 
RSM Production Corporation and others v. Grenada, ICSID Case No. ARB/10/6
The Renco Group, Inc. v. Republic of Peru [I], ICSID Case No. UNCT/13/1
Parkerings-Compagniet AS v. Republic of Lithuania, ICSID Case No. ARB/05/8
Pac Rim Cayman LLC v. Republic of El Salvador, ICSID Case No. ARB/09/12
Nations Energy Corporation, Electric Machinery Enterprises Inc., and Jamie Jurado v. The Republic of Panama, ICSID Case No. ARB/06/19
Mytilineos Holdings SA v. State Union of Serbia & Montenegro and Republic of Serbia (I), UNCITRAL
Mondev International Ltd. v. United States of America, ICSID Case No. ARB(AF)/99/2
Metalpar S.A. and Buen Aire S.A. v. The Argentine Republic, ICSID Case No. ARB/03/5
Merrill and Ring Forestry L.P. v. Canada,  ICSID Case No. UNCT/07/1
Talsud S.A. v. The United Mexican States, ICSID Case No. ARB(AF)/04/4
Jan de Nul N.V. and Dredging International N.V. v. Arab Republic of Egypt, ICSID Case No. ARB/04/13
International Thunderbird Gaming Corporation v. The United Mexican States, UNCITRAL
HICEE B.V. v. Slovak Republic, PCA Case No. 2009-11
Philippe Gruslin v. Malaysia (II), ICSID Case No. ARB/99/3
Grand River Enterprises Six Nations, Ltd., et al. v. United States of America, UNCITRAL
Glamis Gold, Ltd. v. The United States of America, UNCITRAL
Gami Investments Inc. v. Mexico, UNCITRAL
Vito G. Gallo v. The Government of Canada, PCA Case No. 2008-03 (Formerly PCA Case No. 55798)
Detroit International Bridge Company v. Government of Canada, UNCITRAL, PCA Case No. 2012-25
Beijing Shougang and others v. Mongolia, PCA Case No. 2010-20
Chemtura Corporation (formerly Crompton Corporation) v. Government of Canada, PCA Case No. 2008-01
Caratube International Oil Company LLP v. Republic of Kazakhstan (I), ICSID Case No. ARB/08/12
Stephane Benhamou v. Uruguay, UNCITRAL