International Center for Settlement of Investment Disputes Assumes Jurisdiction Over Firm Client Bayindir’s Claims Against Pakistan

In a recent decision, the International Center for Settlement of Investment Disputes (ICSID) declared that it assumes jurisdiction over claims brought by Turkish construction company Bayindir against Pakistan for breach of international obligations. The Fishman Haygood International Arbitration team represents Bayindir in its dispute, which involves the company’s 2001 expulsion from a contract to build Pakistan’s M-1 Motorway. Case details remain confidential. Read more as reported by The News.com.

Partner Benjamin Reichard serves as co-lead counsel. Also representing the claimant are Fishman Haygood attorneys Jim Swanson, Molly Wells, and Hogan Paschal. Firms Jones Swanson Huddell, LLC and Kabine Law Office serve as co-counsel on the matter.

Fishman Haygood’s International Arbitration team handles a number of disputes arising under bilateral investment treaties (“BIT”s). Sovereign nations enter BITs to protect investors of their country who make investments in their partner country under the treaty. In such matters, the firm represents claimant construction companies in confidential arbitrations against respondent sovereign nations who expropriated or otherwise impaired the claimant’s investment within respondent’s borders in violation of the applicable BIT.

Click here to read more about the firm’s International Arbitration team.