In its Decision on Annulment of July 10, 2014, the ad hoc Committee dismissed the application for annulment of the arbitral Award, rendered in Alapli Elektrik B.V. v. Republic of Turkey (ICSID Case No. ARB/ 08/13), filed by Alapli Elektrik B.V. on grounds set out in Articles 52(1)(b), 52(1)(d) and 52(1)(e) of the ICSID Convention.

In its Award of 18 July 2014, the Tribunal found the Russian Federation liable in three arbitration cases under the UNCITRAL Arbitration Rules (PCA Case Nos. AA226 —Hulley, AA227 —Yukos Universal Limited, and AA228 —Veteran Petroleum Limited) for breach of its obligations under Article 13(1) (Expropriation) of the Energy Charter Treaty. The Tribunal awarded Claimants with over US$ 50 billion in damages, the largest amount awarded in the history of investment arbitration to date.

In a decision rendered on May 22, 2014, the International Center for Settlement of Investment Disputes addressed an original issue: the determination of the value of the Claimant’s investment, corresponding to the compensation amount that the Claimant is entitled to receive, because of the violation by the Republic of Argentina of several principles established by the Agreement between France and Argentina for the mutual promotion and protection of investments.

In a decision rendered on March 5, 2014, the US Supreme Court ruled on a 7-to-2 majority that an UNCITRAL arbitral tribunal did not exceed its powers by waiving a treaty requirement that recourse to arbitration would be possible only where disputes had been submitted for 18 months to the host State competent courts.

An Award rendered on May 28, 2013, under the Agreement for the Promotion and Protection of Investments concluded between Italy and the Albania (“BIT”), Albania’s Foreign Investment Law (“FIL”), and in accordance with the ICSID Convention and Arbitration Rules.

An Annulment Decision rendered on April 16, 2009 pursuant to Article 52 of the ICSID Convention in the arbitration proceedings between Malaysian Historical Salvors, SDN, BHD and the Government of Malaysia (ICSID Case No. ARB/05/10).

In its Award issued on May 6, 2013, the Tribunal dismissed numerous claims made by a Dutch company againts Romania for breach of its obligations under Articles 3(1) and 3(5) of the Agreement on Encouragement and Reciprocal Protection of Investments concluded between the Kingdom of The Netherlands and Romania. The Tribunal found a breach of the fair and equitable treatment standard but no damages were awarded since Claimant failed to show that Romania’s breach of the BIT guarantee had caused an actual economic loss or moral damage.

In a Decision of March 5, 2013, the Tribunal concluded that if the BIT establishes that the State must receive a notice of the dispute one year before the Request of Arbitration is presented and that the parties engage negotiations before starting the arbitral procedure, these provisions are mandatory.

Annulment decision dispatched to the parties on December 18, 2012, concerning the Award dated May 8, 2008 issued to the parties under the ICSID Convention.