An Overview of the ICSID Practice on Resolving Investment Disputes Involving Post-Soviet States

The article examines awards of the International Centre for Settlement of Investment Disputes in the case of post-Soviet states. It also demonstrates post-Soviet states' statistics as a respondent in litigations under the ICSID. Among the post-Soviet states Ukraine and Kazakhstan are leaders by the number of investment disputes. Summarizing the practice of the post-Soviet states, we can find that from 51 disputes registered at the ICSID, 18 of the disputes is under consideration, 6 awards rendered in favor of the states, 11 were settled amicably by the parties. In the diagram below it is the percentage of investment disputes with the post-Soviet states under the ICSID auspices. The author also highlights actions of the states that were considered by the Tribunal as a creeping expropriation