Region: Georgia

An ICSID tribunal has refused to summarily dismiss a US$150 million claim brought against Georgia by a former minister who obtained political asylum in the US, finding that the state’s objections raised “novel, difficult and complex” issues about his nationality and investments. 

14 March 2025

Turkish engineering group Enka has won a US$383 million ICC award against Georgia after terminating a contract to build a hydropower plant. 

04 December 2024

Georgia has defeated an ICC claim worth more than US$500 million over its cancellation of a contract for a deep-water port project, while a parallel ICSID claim continues. 

30 July 2024

The Paris Court of Appeal has refused to set aside an ICC award that found the Roads Department of Georgia validly terminated a highway contract with an Italian construction company. 

07 June 2024

A former Georgian politician who later obtained political asylum in the US has brought a treaty claim against Georgia over his investments in the transportation sector.

11 October 2023

A Swiss businessman who purchased the site of the former presidential residence in Georgia has brought an ICSID claim against the state.

27 June 2023

Georgia has applied to annul a US$76 million ICSID award won by subsidiaries of a Russian state-owned energy company in a dispute over energy tariffs that has given rise to a US$112 million SCC award issued by the same tribunal.

30 March 2023

Subsidiaries of a Russian state-owned energy company have applied to a US court to enforce a US$76 million ICSID award against Georgia in a dispute over electricity tariffs – as an SCC award issued by the same arbitrators is challenged in Stockholm.

17 February 2023

Georgia says its roads department has won US$64 million across a trio of ICC arbitrations over terminated contracts for a highway project.

05 August 2022

An ICC tribunal has ordered an Italian construction company to pay around US$22 million to Georgia in a dispute over a terminated highway construction project.

11 July 2022