Noor Davies

Representing Iraq Telecom Ltd. in its successful ICC arbitration against Korek Telecom Company and Sirwan Barzani involving direct and derivative claims for fraud, corruption, self-dealing and other contractual breaches of a shareholders' agreement governed by English law. In an award issued in March 2023, the tribunal unanimously found in favour of Iraq Telecom Ltd and assessed damages in the amount of US$ 1.65 billion;

Representing Georgia in parallel ICC and ICSID arbitration proceedings brought respectively by a local company and its Dutch indirect minority shareholder in connection with a dispute arising out of the termination of an investment agreement to build and operate a deep-sea port;

Representing Georgia in coordinated SCC and ICSID arbitration proceedings brought by a major Russian energy company and its Dutch and Georgian subsidiaries in relation to a dispute over the regulation of electricity tariffs;

Represented Georgia in an arbitration brought under the UNCITRAL Arbitration Rules pursuant to the 1996 Georgia-Kazakhstan BIT and the Energy Charter Treaty in relation to a dispute over the regulation of gas tariffs which resulted in a favourable settlement for Georgia;

Represented JSC BTA Bank in an UNCITRAL arbitration brought under the Kazakhstan-Kyrgyzstan BIT in relation to a dispute arising out of an investment in a Kyrgyz bank which was discontinued following a favourable settlement;

Represented the claimant in B3 Croatian Courier Cooperatif U.A v. Croatia, an ICSID arbitration under the Netherlands-Croatia BIT in relation to an investment in the postal sector;

Represented the claimants in ENGIE and others v. Hungary, an ICSID arbitration under the Energy Charter Treaty and the France-Hungary BIT relating to the regulation of gas tariffs which resulted in a favourable settlement for the investor;

Represented OTMTI in Orascom TMT Investments S.à r.l. v. People's Democratic Republic of Algeria, an ICSID arbitration arising under the Belgo-Luxembourg-Algeria BIT in relation to an investment in the telecommunications industry;

Successfully represented Flemingo DutyFree in an UNICTRAL arbitration brought against Poland under the Poland-India BIT in relation to an investment in the duty free sector;

Successfully represented the Republic of Uzbekistan in Oxus Gold PLC v. Republic of Uzbekistan, an UNCITRAL arbitration under the UK-Uzbekistan BIT arising out of a dispute concerning mines containing gold, silver, and other metals in which the tribunal dismissed 99% of the claimant's US$ 1.3 billion claim;

Successfully represented Hungary in Vigotop Ltd. v. Hungary, an ICSID arbitration arising under the Hungary-Cyprus BIT in relation to the alleged cancellation of a project to build and develop a mega casino resort; and

Successfully represented Ukraine in Bosh International Inc. and B&P Foreign Investments Enterprise v. Ukraine, an ICSID arbitration arising under the Ukraine-United States BIT in relation to the development and operation of a hotel and science complex.