Summary

Jason Yu Song initiated arbitration proceedings against the People's Republic of China based on the 1986 investment protection agreement and demanded compensation for an alleged expropriation of land use rights. The arbitral tribunal seated in Geneva found a violation of the agreement and awarded Jason Yu Song USD 26,045,613.90 plus interest and costs and party compensation. The People's Republic of China challenged the award before the Federal Court and requested its annulment as well as a declaration of the arbitral tribunal's lack of jurisdiction.