Alex Genin and Others v. Republic of Estonia

PDF - for LibraryThe award in Alex Genin and others rendered on June 25, 2001 in the case of Alex Genin, Eastern Credit Limited, Inc., and A.S. Baltoil against the Republic of Estonia dismissed a claim brought by Mr. Genin, a national of the United States, and two companies owned by him.

The case was brought under the 1994 bilateral investment treaty between the United States and the Republic of Estonia (the BIT). The dispute concerned the cancellation by the Central Bank of Estonia of an operating license held by Innovation Bank, a financial institution incorporated under the laws of Estonia in which the Claimants were shareholders.


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