Libra LLC and others v Republic of Azerbaijan - ICSID Case No. ARB/23/46 - Interim Cost Order - 26 November 2025
Country
Year
2025
Summary
Source: icsid.worldbank.org
I. PROCEDURAL BACKGROUND
1. On September 2, 2025, the Claimants requested that the Tribunal sanction the Respondent for failing to comply with the Tribunal's Decision on the Claimants' Second Renewed Request for Provisional Measures (the "PMO"), including by issuing an interim order granting the Claimants all costs and fees incurred in connection with the provisional measures proceedings (the "Request for Sanctions").
2. On September 12, 2025, the Respondent filed its reply, requesting that the Tribunal reconsider the PMO and deny the Claimants' Request for Sanctions.
3. On October 30, 2025, the Tribunal issued its Decision on Respondent's Request for Reconsideration of the Decision on Provisional Measures and Claimants' Request for Sanctions (the "Decision on Reconsideration and Sanctions").
4. In its Decision, the Tribunal found that the Claimants' request for an interim order on costs had merit and invited the Claimants to submit a statement of costs, limited to a breakdown of legal and other costs incurred in connection with the provisional measures proceedings, certified by counsel.2 The Tribunal also invited the Respondent to submit any comments on the Claimants' statement of costs.3
5. On November 6, 2025, the Claimants submitted their Statement of Costs on Provisional Measures ("Statement of Costs").
6. On November 13, 2025, the Respondent submitted its Response to the Claimants' Statement of Costs ("Response").
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IV. THE TRIBUNAL'S DECISION
23. For the foregoing reasons, the Tribunal decides as follows:
(a) The Claimants are hereby awarded legal fees and expenses in the amount of US$ 556,234.00, representing costs incurred in connection with the provisional measures proceedings from the "Update on the Travel Bans and Second Renewed Request for Provisional Measures" of April 25, 2025, through the "Rejoinder on Respondent's Non-Compliance with Provisional Measures Order" filed on September 17, 2025;
(b) All other matters concerning costs are reserved for determination at a later stage of the proceedings.
For and on behalf of the Tribunal,
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OCR-ed text, errors may be present. Footnotes omitted.











