Nationality Requirements for Investors in ICSID Arbitration - The Award in Soufraki v. The United Arab Emirates
Article from: TDM 4 (2004), in Case Comments & Awards
Introduction
A new ICSID award has been authorised for public release by the Respondent. The case of Soufraki v. The United Arab Emirates (ICSID Case No. ARB/02/07) (L.Y. Fortier, President ; A. El Kholy, S.M. Schwebel, Arbitrators )is mostly interesting for its facts, but it is also notable as the first ICSID arbitration (of which I am aware) in which an individual investor has been denied jurisdiction to bring his or her claims on account of failure to satisfy the nationality requirements of Article 25(2)(a) of the ICSID Convention. In 2000, Mr. ...