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GRAF & PITKOWITZRECHTSANWÄLTE GMBHATTORNEYS AT LAW
REVISION / ANNULMENT OF
INVESTMENT TREATY AWARDS
Dr. Nikolaus Pitkowitz M.B.L.-HSG
Vienna
June 21, 2006
CIS Local Counsel Forum Baku
GRAF & PITKOWITZRECHTSANWÄLTE GMBHATTORNEYS AT LAW
Disputes underBilateral Investment Treaties (BITs)
Treaty Disputes Contract Disputes
• Breach of BIT• Jurisdiction under BIT• Guarantee Clause
GRAF & PITKOWITZRECHTSANWÄLTE GMBHATTORNEYS AT LAW
Dispute Settlement Mechanisms
ICSID Ad hoc Arbitration Institutional Arbitration
State Courts
GRAF & PITKOWITZRECHTSANWÄLTE GMBHATTORNEYS AT LAW
Selected BITs
Azerbaijan – Austrian
Competent State Courts Any applicable previously agreed dispute settlement
procedure ICSID UNCITRAL ICC
GRAF & PITKOWITZRECHTSANWÄLTE GMBHATTORNEYS AT LAW
Selected BITs
Austria and
State Courts
Agreed Procedure
ICSID SCC UNCITRAL ICC
Azerbaijan x x x x x
Armenia x x x x x
Belarus x x
Georgia x x x x x
Moldavia x x
Russian Federation
x x
Ukraine x x
GRAF & PITKOWITZRECHTSANWÄLTE GMBHATTORNEYS AT LAW
Revision of ICSID Awards
Discovery of new facts „of such a nature as decisively to affect the award“
Application within 90 days Decision (if possible) by the same tribunal
GRAF & PITKOWITZRECHTSANWÄLTE GMBHATTORNEYS AT LAW
Revision of (Austrian) Arbitration Awards
Award has been caused by certain criminal acts including, document forgery and false testimony
Application within 4 weeks Decision by state court
GRAF & PITKOWITZRECHTSANWÄLTE GMBHATTORNEYS AT LAW
Annulment of ICSID Awards
Improper constitution of the Tribunal (Manifestly) excess of powers by the
Tribunal Corruption on the part of a member of
the Tribunal Serious departure from a fundamental
rule of procedure Award failes to state reasons
GRAF & PITKOWITZRECHTSANWÄLTE GMBHATTORNEYS AT LAW
Annulment of (Austrian) Arbitral Awards
Lack of a valid arbitration agreement Improper composition of the arbitral
tribunal Excess of jurisdiction Violation of due process or fair trial Violations of (procedural) public policy
GRAF & PITKOWITZRECHTSANWÄLTE GMBHATTORNEYS AT LAW
Annulment of (Austrian) Arbitral Awards
continued
Unlawful denial of jurisdiction Incapacity of a party to enter into an
arbitration agreement Violations of (substantive) public policy Lack of objective arbitrability
GRAF & PITKOWITZRECHTSANWÄLTE GMBHATTORNEYS AT LAW
Procedural Aspects
ICSID Award (Austrian) Arbitral Awards
Annulment application within
120 days 3 Month
Decision by
New Arbitral Tribunal State Court
GRAF & PITKOWITZRECHTSANWÄLTE GMBHATTORNEYS AT LAW
THANK YOU FOR YOUR ATTENTION!
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