Oko Pankki v. Republic of Estonia

PDF - for LibraryIn OKO Pankki, three banks brought claims arising out of Estonia’a default on loan agreements which had been made to a joint venture Estonian company.

In bringing their claims, the claimants asserted violations of the standard of fair and equitable treatment under the Estonia-Germnay BIT and the Estonia-Finland BIT.
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The tribunal rendered the award in favor of investor and held that Estonia failed to provide fair and equitable treatment to the claimants and, thus, liable to pay damages.
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