ICSID

Karkey Karadeniz Elektrik Uretim A.S. v. Pakistan

Counsel to Pakistan in annulment, revision, and enforcement proceedings related to one of the largest ICSID awards. After filing the first, successful second request for revision, the case settled with Pakistan paying no monetary compensation. The result saved Pakistan over USD 1.2 billion. We also achieved a stay of enforcement in the US courts, despite the ad-hoc Committee lifting the stay of enforcement, as well as discovery from the claimant’s law firm pursuant to section 1782.

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