US EditionDutch Investor Loses Anaklia Port Arbitration Case - Civil Georgia
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4 Articles
Dutch Investor Loses Anaklia Port Arbitration Case - Civil Georgia
The International Centre for Settlement of Investment Disputes (ICSID), a World Bank-affiliated arbitration body based in Washington, has rejected a claim by Dutch investor Bob Meijer seeking compensation from the Georgian government over the contract termination in the Anaklia Deep Sea Port project. Meijer, a former investor in the Anaklia Development Consortium (ADC), filed the arbitration case in 2020, alleging that the Georgian Government’s …
The dispute over the unfinished Anaklia Deepwater Port project – political and legal – continues. According to the Ministry of Justice of Georgia, Mamuka Khazaradze and Badri Japaridze lost the dispute over the Anaklia Port case in the Washington Arbitration as well. According to the ministry, the World Bank’s International Center for Settlement of Investment Disputes, known as the Washington Arbitration, issued a decision on the Anaklia Port ca…
Georgia’s government wins arbitration case over Black Sea port project
TBILISI, July 31 – The Georgian government has scored a major victory in its long-running Anaklia deep-sea port dispute, as the it wins an arbitration case, confirming it was in its right to terminate the project. The ruling by the International Centre for Settlement of Investment Disputes in Washington dismissed claims filed by Bob Meijer and the Anaklia Development Consortium (ADC)… Source
The political party “Lelo” is responding to the statement of the Ministry of Justice regarding the Anaklia Port case. As the party states, the information spread by the government that Mamuka Khazaradze and Badri Japaridze lost the dispute over the Anaklia Port case in the Washington arbitration is incorrect. Because, as the party’s statement states, this was not a dispute between Japaridze and Khazaradze, but between investor Bob Meyer and the …
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