Summary

By this action, Petitioners respectfully seek the recognition of an arbitration award pursuant to 22 U.S.C. § 1650a and Article 54 of the Convention on the Settlement of Investment Disputes between States and Nationals of Other States, Mar. 18, 1965, 17 U.S.T. 1270, 575 U.N.T.S. 159 (the "ICSID Convention"). The final arbitration award (the "ICSID Award") was issued on October 27, 2022, in favor of Petitioners and against Respondent, the nation of Georgia ("Georgia"), following an arbitration (the "ICSID Arbitration") conducted under the auspices of the International Centre for Settlement of Investment Disputes ("ICSID"), an arm of the World Bank. In addition, Petitioners seek an order enforcing the pecuniary obligations imposed by the ICSID Award by an entry of judgment in Petitioners' favor and against Georgia in the full amount of the ICSID Award, including interest and costs as provided therein and with further interest to accrue pursuant to the ICSID Award until the date of payment in full, in addition to the costs of this proceeding.

• OGEL: Gardabani Holdings BV and Silk Road Holdings BV v Georgia - ICSID Case No. ARB/17/29 - Award and Dissenting Opinion of Professor Zachary Douglas KC - 27 October 2022
• TDM: Gardabani Holdings BV and Silk Road Holdings BV v Georgia - ICSID Case No. ARB/17/29 - Award and Dissenting Opinion of Professor Zachary Douglas KC - 27 October 2022