Award

Mr. Mikhail Maratovich Fridman (Russian Federation, Israel) v. The Grand Duchy of Luxembourg

Permanent Court of Arbitration · Interstate and investor-state (PCA) · International · 2025

Why it matters

Mr. Mikhail Maratovich Fridman (Russian Federation, Israel) (Private entity ) v. The Grand Duchy of Luxembourg, an investor-state arbitration, in which an investor brought claims against a state, administered by the Permanent Court of Arbitration in The Hague. The matter is known as the Mr. Mikhail Maratovich Fridman v. The Grand Duchy of Luxembourg. For a student, the PCA is the oldest institution for resolving international disputes, and its cases range from boundary and treaty disputes between states to investor-state and commercial arbitrations. This is a worked example of how international arbitration operates above the level of any single national court.

Summary

Mr. Mikhail Maratovich Fridman (Russian Federation, Israel) (Private entity ) v. The Grand Duchy of Luxembourg, an investor-state arbitration, in which an investor brought claims against a state, administered by the Permanent Court of Arbitration in The Hague. The matter is known as the Mr. Mikhail Maratovich Fridman v. The Grand Duchy of Luxembourg. For a student, the PCA is the oldest institution for resolving international disputes, and its cases range from boundary and treaty disputes between states to investor-state and commercial arbitrations. This is a worked example of how international arbitration operates above the level of any single national court.

The detail

Parties: Mr. Mikhail Maratovich Fridman (Russian Federation, Israel) (Private entity ) v. The Grand Duchy of Luxembourg

Case number: 2025-42

Outcome: Status: Pending

Applicable law: The applicable treaty, contract or arbitration rules; see the original.

Issues in play: Public international law / investment law

Read the full decision at Permanent Court of Arbitration

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