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Investment treaty awardPayment unverified

Manolium-Processing v. Belarus

Minsk trolleybus depot investment

Headline amount
$20.4MPrincipal
Respondent
BelarusState
Awarded
Jun 22, 2021
Status
Payment unverifiedPresumed unpaid, not confirmed

Latest development Dec 14, 2021

Revera, a Belarusian law firm, wrote that it remained an open question whether Belarus would pay.

The award

Amount awarded
$20.4M (the cost of a Minsk trolleybus depot and a $1M transfer for the National Library). The tribunal rejected a $156M lost-profits claim.
Award holder
OOO Manolium-Processing (Russia)
Respondent
Republic of Belarus
Forum
PCA Case No. 2018-06 · UNCITRAL

Challenges

None found.

Enforcement

None found.

Recovered to date

Not verified

Notes

Payment status not verified after December 2021. Treaty basis not verified.