German Investment Treaty Disputes

States conclude international investment agreements to protect foreign direct investment. Since the very first international investment agreement between Germany and Pakistan entered into force in 1959, Germany has concluded about 130 of them.

Most of these agreements include an investor-State dispute settlement mechanism, allowing German investors to seek redress for illegal interferences with their investment via international arbitration. This website provides information on the results of past and pending cases involving German investors.

Germany’s international investment agreements also oblige Germany to protect foreign investments within its territory. Thus, the website includes information on past and pending cases initiated by foreign investors against Germany.

Cases decided in favor of a German investor

Claimant Respondent Year Legal instrument Arbitration rules
Nordzucker Poland 2007 Germany-Poland BIT UNCITRAL
Saar Papier Vertriebs GmbH Poland 1994 Germany-Poland BIT UNCITRAL
Franz Sedelmayer Russia 1996 Germany-Russia BIT SCC
Siemens AG Argentina 2002 Germany-Argentina BIT ICSID
OKO Pankki Oyj et al. Estonia 2004 Germany-Estonia BIT ICSID
Walter Bau AG Thailand 2005 Germany-Thailand BIT UNCITRAL
Inmaris Perestroika Sailing Maritime Services GmbH et al. Ukraine 2008 Germany-Ukraine BIT ICSID
Marion Unglaube Costa Rica 2008 Germany-Costa Rica BIT ICSID
Deutsche Bank AG Sri Lanka 2009 Germany-Sri Lanka BIT ICSID
Adem Dogan Turkmenistan 2009 Germany-Turkmensitan BIT ICSID
Reinhard Unglaube Costa Rica 2009 Germany-Costa Rica BIT ICSID
Hochtief AG Argentina 2007 Germany-Argentina BIT ICSID
Bernhard von Pezold et al. Zimbabwe 2010 Germany-Zimbabwe BIT ICSID

Cases initiated by German investors and decided in favor of the State

Claimant Respondent Year Legal instrument Arbitration rules
Sana Consulting & Management GmbH Russia 2012 Germany-Russia BIT
Blusun S.A., Jean-Pierre Locorcier, Michael Stein Italy 2014 Energy Charter Treaty ICSID
Antaris Solar GmbH, Dr. Michael Göde Czech Republic 2013 Germany-Czech Republic BIT / Energy Charter Treaty UNCITRAL
ACP Axos Capital GmbH Kosovo 2015 Germany-Yugoslavia BIT (1989) ICSID
Jürgen/Stefan/Gisela Wirtgen, JSW Solar (zwei) GmbH u. Co. KG Czech Republic 2013 Germany-Czech Republic BIT / Energy Charter Treaty UNCITRAL
Saar Papier Vertriebs GmbH Poland 1996 Germany-Poland BIT UNCITRAL
Fraport AG Philippines 2003 Germany-Philippines BIT ICSID
Wintershall AG Argentina 2004 Germany-Argentina BIT ICSID
Daimler Financial Services AG Argentina 2005 Germany-Argentina BIT ICSID
R.J. Binder Czech Republic 2006 Germany-Czech Republic BIT UNCITRAL
Gustav F W Hamester GmbH u. Co. KG Ghana 2007 Germany-Ghana BIT ICSID
TRACO Deutsche Travertinwerke GmbH Poland 2007 Germany-Poland BIT UNCITRAL
GEA Group AG Ukraine 2008 Germany-Ukraine BIT ICSID
InterTrade Holding GmbH Czech Republic 2008 Germany-Czech Republic BIT UNCITRAL
Peter Franz Vocklinghaus Czech Republic 2008 Germany-Czech Republic BIT UNCITRAL
ECE Projektmanagement et al. Czech Republic 2009 Germany-Czech Republic BIT UNCITRAL
ST-AD GmbH Bulgaria 2010 Germany-Bulgaria BIT UNCITRAL
Fraport AG Frankfurt Airport Services Worldwide Philippines 2011 Germany-Philippines BIT ICSID

Settled or discontinued cases initiated by German investors

Claimant Respondent Year Legal instrument Arbitration rules
Nepolsky Czech Republic 2008 Germany-Czech Republic BIT UNCITRAL
Utsch M.O.V.E.R.S. International GmbH, Erich Utsch AG, Helmut Jungbluth Egypt 2013 Germany-Egypt BIT ICSID
Oil Tanking GmbH et al. Bolivia 2010 Germany-Bolivia BIT Ad hoc
Ed. Züblin AG Saudi Arabia 2003 Germany-Saudi Arabia BIT ICSID
E.ON Ruhrgas International GmbH et al. Slovakia 2012 Energy Charter Treaty ICSID
Gelsenwasser AG Algeria 2012 Germany-Algeria BIT ICSID
Solarpark Management GmbH & Co. Atum I KG Spain 2015 Energy Charter Treaty SCC

Pending cases initiated by German investors

Claimant Respondent Year Legal instrument Arbitration rules
LSG Building Solutions GmbH et. al. Romania 2018 Energy Charter Treaty ICSID
The PV Investors Spain 2011 Energy Charter Treaty UNCITRAL
DCM Energy GmbH & Co. Solar 1 KG et al. Spain 2018 Energy Charter Treaty ICSID
HOCHTIEF Infrastructure GmbH Saudi Arabia 2018 Germany-Saudi Arabia BIT ICSID
Sun-Flower Olmeda GmbH & Co. KG et al. Spain 2016 Energy Charter Treaty ICSID
Portigon AG Spain 2017 Energy Charter Treaty ICSID
Hela Schwarz GmbH China 2017 Germany-China BIT ICSID
CIC Renewable Energies Italy GmbH et al. Italy 2016 Energy Charter Treaty ICSID
ESPF Beteiligungs GmbH et al. Italy 2016 Energy Charter Treaty ICSID
Biram et al. Spain 2016 Energy Charter Treaty ICSID
AMF Aircraftleasing Meier & Fischer GmbH Czech Republic 2016 Germany-Czech Republic BIT (unknown)
Mathias Kruck et al. Spain 2015 Energy Charter Treaty ICSID
KS Invest GmbH, TLS Invest GmbH Spain 2015 Energy Charter Treaty ICSID
Landesbank Baden-Württemberg, HSH Nordbank AG, Landesbank Hessen-Thüringen Girozentrale, Norddeutsche Landesbank-Girozentrale Spain 2015 Energy Charter Treaty ICSID
Abed El Jaouni et al. Lebanon 2015 Germany-Lebanon BIT ICSID
SolEs Badajoz GmbH Spain 2015 Energy Charter Treaty ICSID
E.ON SE et al. Spain 2015 Energy Charter Treaty ICSID
BayWa r.e. Renewable Energy GmbH et al. Spain 2015 Energy Charter Treaty ICSID
Ampal-American Israel Corp. et al. Egypt 2012 Germany-Egypt BIT ICSID
Deutsche Telekom India 2013 Germany-India BIT Ad hoc
Photovoltaik Knopf Betriebs-GmbH Czech Republic 2013 Germany-Czech Republic BIT / Energy Charter Treaty UNCITRAL
Voltaic Network GmbH Czech Republic 2013 Germany-Czech Republic BIT / Energy Charter Treaty UNCITRAL
RWE Innogy GmbH et al. Spain 2014 Energy Charter Treaty ICSID
Stadtwerke München GmbH, RWE Innogy GmbH et al. Spain 2015 Energy Charter Treaty ICSID
STEAG GmbH Spain 2015 Energy Charter Treaty ICSID

Settled or discontinued cases against Germany

Claimant Respondent Year Legal instrument Arbitration rules
Vattenfall Europe AG et al. Germany 2009 Energy Charter Treaty ICSID
Ashok Sancheti Germany 2000 Germany-India BIT UNCITRAL

Pending disputes against Germany

Claimant Respondent Year Legal instrument Arbitration rules
Vattenfall Europe AG et al. Germany 2012 Energy Charter Treaty ICSID

Cases initiated by German investors with no data on outcome available

Claimant Respondent Year Legal instrument Arbitration rules
Lutz Ingo Schaper Poland 1998 Germany-Poland BIT UNCITRAL

How can I learn more about these disputes?

Most decisions rendered by investor-State tribunals are publicly available online. Particularly noteworthy is Investment Treaty Arbitration - run by Professor Andrew Newcombe, this website contains a large number of documents relating to investment disputes. Furthermore, the Digest of International Investment Jurisprudence, another project by the International Investment Law Centre Cologne, provides a systematic collection of statements made by tribunals, sorted by both topics and relevant provisions.

Sources used for this website include the UNCTAD ISDS database, the ICSID list of cases , as well as the website of the ECT secretariat. This list of cases only itemizes investor-State disputes brought under an International Investment Agreements (IIA) as for example the Energy Charter Treaty or bilateral investment treaties (BIT). There are three additional investor-State disputes with German involvement on the basis of contracts, see Klöckner Industrie-Anlagen GmbH and others v. Cameroon (ICSID Case No. ARB/81/2), SEDITEX Engineering Beratungsgesellschaft für die Textilindustrie m.b.H. v. Madagascar (ICSID Case No. CONC/82/1) and SEDITEX Engineering Beratungsgesellschaft für die Textilindustrie m.b.H. v. Madagascar (ICSID Case No. CONC/94/1).

The page was last updated on 30/06/2020.