WCV World Capital Ventures Cyprus Ltd - Channel Crossings Ltd v The Czech Republic - PCA Case No 2016-12 - Final Award - 26 July 2023
Country
Year
2023
Summary
Case Report (free download)
Case Report by George Jacob, Editor Ignacio Torterola
Summary
A dispute between WCV World Capital Ventures Cyprus Ltd. and Channel Crossings Ltd. (Claimants) and the Czech Republic (Respondent) before the Permanent Court of Arbitration. The core issues involved claims of unfair and inequitable treatment, violation of legitimate expectations, and failure to provide full protection and security. The arbitral tribunal ultimately dismissed the Claimants' claims, finding that while some regulatory changes occurred, they did not constitute breaches of the treaty.
Main issues
No Breach of FET Standard; No Breach of FPS Standard; The Tribunal has rendered its Final Award, dismissing all claims submitted by Claimants and thus concluding the arbitration proceedings and rendering the quantum stage unnecessary.
Case report provided by International Arbitration Case Law (IACL)
More Case Reports?
You can find all TDM IACL Case Reports here.
