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Turkmenistan wins $500 million claim brought before international arbitration tribual by Turkish construction company AKIPRESS.COM - The government of Turkmenistan has won $500 million claim brought before the International Centre for Settlement of Investment Disputes by a Turkish construction company, the law firm Squire Patton Boggs said. The case, Muhammet Çap and Sehil v. Turkmenistan, was registered nine years ago by a Turkish company and its majority shareholder under the Turkey-Turkmenistan bilateral investment treaty. The dispute concerned 32 construction projects in Turkmenistan, including water and waste treatment plants, an iron and steel plant, schools and government buildings. The claimants alleged they were impeded by delays and defaults by their contractual counterparties and by regulatory procedures, that they were entitled to additional compensation for works outside the scope of the contracts, and that they were unfairly subject to delay penalties, tax audits a

Squire patton boggsInternational centre for settlement of investmentInternational centreInvestment disputesCentral asiaNews agencyஸ்கைர் பாட்டன் பொக்ஸ்சர்வதேச மையம் க்கு தீர்வு ஆஃப் முதலீடுசர்வதேச மையம்முதலீடு சச்சரவுகள்