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Nurhan Motugan

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Al Bawaba
June 2nd, 2010 - 06:54 GMT

ATA Construction Obtains a Landmark Victory in an Investment Treaty Arbitration Proceeding Against Jordan

ATA Construction, Industrial and Trading Company has won a landmark decision in its international arbitration case against the Hashemite Kingdom of Jordan. In an Award dated 18 May 2010, an arbitration tribunal at the World Bank's International Centre for Settlement of Investment Disputes (ICSID) upheld ATA's claim against Jordan. The tribunal confirmed that Jordan had violated the Turkey-Jordan Bilateral Investment Treaty, as well as ATA's legal rights under a contract ...
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