Libra LLC and others v Republic of Azerbaijan - ICSID Case No. ARB/23/46 - Decision on the Request for Reconsideration and the Request for Sanctions - 30 October 2025
Country
Year
2025
Summary
Source: icsid.worldbank.org
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IV. THE TRIBUNAL'S DECISION
76. For the reasons set out above:
(a) The Tribunal confirms that the PMO includes the Criminal Tax Investigation Travel Ban;
(b) The Respondent's Request for Reconsideration is denied;
(c) The Claimants' requests for daily monetary penalties, suspension of the Respondent's participation in the arbitration, a case management conference, and unilateral publication of pleadings are denied;
(d) The Claimants are invited to submit a statement of costs in accordance with paragraph 71 above by November 6, 2025, and the Respondent is invited to submit any comments thereon within 7 days following receipt of the Claimants' statement of costs.
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