Edmond Khudyan v Republic of Armenia - ICSID Case No. ARB/17/36 - Annulment proceeding - Decision on Annulment - 21 July 2023
Country
Year
2023
Summary
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VIII. DECISION
259. For the reasons set forth above, the ad hoc Committee unanimously DECIDES as follows:
(1) Paragraphs 203-267 and 452(1), (4) insofar as it concerns the Applicant, and (5) of the Award are hereby annulled;
(2) The funds held in escrow in accordance with the Committee's decision on the Applicant's Stay Request, together with all interest incurred thereon, are to be paid to Mr Khudyan; and
(3) The Respondent shall pay to the Applicant the following sums:
(a) USD 288,465.57 in respect of the fees and costs of the Committee and ICSID; and
(b) USD 149,928.27 in respect of counsel's fees and other costs.
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