Market announcement
AS TALLINNA VESI
LEI code
5493000M6TVS2X0KWC97
Size of the entity
Large group
Economic activities
Water Supply; Sewerage, Waste Management and Remediation Activities
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
7393
Submission date and time
10.07.2019 08:30:00
Content of announcement in Estonian
Title
Rahvusvahelise vahekohtu otsus AS-i Tallinna Vesi, United Utilities (Tallinn) B.V. ja Eesti Vabariigi vahelise arbitraažimenetluse osas on nüüd kättesaadav ISCID-i kodulehel
Message
21. juunil 2019 langetas rahvusvaheline vahekohus otsuse AS-i Tallinna Vesi, United Utilities (Tallinn) B.V. ja Eesti Vabariigi vahelise arbitraazhimenetluse osas seoses Hollandi Kuningriigi ja Eesti Vabariigi vahel sõlmitud investeeringute soodustamise ja vastastikuse kaitse lepingu rikkumisega. Vahekohus otsustas enamushäältega AS-i Tallinna Vesi ja United Utilities (Tallinn) B.V. nõudeid mitte rahuldada, eriarvamusele jäi üks vahekohtunik. Otsus on nüüd täismahus kättesaadav Rahvusvahelise Investeeringualaste Vaidluste Lahendamise Keskuse (ICSID) kodulehel (https://icsid.worldbank.org/en/Pages/cases/casedetail.aspx?CaseNo=ARB/14/24). Riina Käi Finantsdirektor AS Tallinna Vesi (+372) 626 2262 [email protected]
Content of announcement in English
Title
International arbitration tribunal’s decision on AS Tallinna Vesi´s and United Utilities (Tallinn) B.V.’s claims against the Republic of Estonia is available now on ICSID website
Message
On 21 June 2019, an international arbitration tribunal made a decision on AS Tallinna Vesi´s and United Utilities (Tallinn) B.V.'s claim in the proceedings against the Republic of Estonia for compensation for losses caused by a breach of the Agreement on the Encouragement and Reciprocal Protection of Investments between the Kingdom of the Netherlands and the Republic of Estonia. A majority decision from the arbitration Panel dismissed AS Tallinna Vesi´s and United Utilities (Tallinn) B.V.'s claims, with one Panel member dissenting. The full decision is now publicly available on ICSID webpage (https://icsid.worldbank.org/en/Pages/cases/casedetail.aspx?CaseNo=ARB/14/24) . Riina Käi Chief Financial Officer AS Tallinna Vesi (+372) 626 2262 [email protected]