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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