Summary

On 13 March 2003, the tribunal in CME Czech Republic, BV v Czech Republic rendered its Final Award on Quantum (the 'Final Award'),[1] establishing the amount of damages due to a Dutch corporation as compensation for the Czech Republic's multiple breaches of the Netherlands-Czech Republic bilateral investment treaty (the 'BIT'). In a previous award, the arbitral tribunal had decided in favour of the claimant, CME, finding that the Czech Republic had destroyed the value of the foreign investor's business, violating BIT provisions requiring national treatment, fair and ...