MTN notes ruling by International Arbitration Panel

671
1921

————————–

MTN Group has noted that a tribunal of independent arbitrators has ruled against Turkish mobile operator Turkcell, in the investor-state arbitration under a bilateral investment treaty case held in terms of the rules of the United Nations Commission on International Trade Law (UNCITRAL).

In an arbitral award rendered on 15 October 2014, the tribunal held that it had no jurisdiction to hear claims worth US$600 million brought by Turkcell under the Turkey-Iran bilateral investment treaty, on the basis that no qualifying “investment” was made within the meaning of the treaty.

This week’s failed litigation is the latest in a series of unsuccessful claims that Turkcell has brought in respect of the award of the Iranian licence.

In 2005, the same company brought an action in an Iranian court for an injunction to prevent the granting of the licence to Irancell, and it sought damages. This claim was dismissed. Turkcell also commenced an ICC arbitration against its former Iranian partners in 2008, which was dismissed on 17 April 2012. In May 2013, Turkcell dropped itslawsuit against MTN before the US District Court of Columbia.

The lawsuit was re-filed in the South Gauteng High Court in Johannesburg in November 2013.

MTN will continue to defend its rights in any jurisdiction wherever the lawsuit is filed. Turkcell’s claim for damages regarding the awarding of the second GSM licence in Iran has no legal merit and MTN will accordingly continue tovigorouslyoppose it.

MTN did not cause Turkcell to lose its Iran licence bid, as claimed by Turkcell. The Turkcell consortium was never awarded the licence in Iran. 

RELATED ARTICLESMORE FROM AUTHOR

671 COMMENTS

  222. What supplements should I plagiarize to augmentation buy clomid? Among the vanquish vitamins as a service to fertility is vitamin E, which is known to repair egg grandeur in women. Females are advised to pinch at least 400 i.u. of this kind of substance. Men can also profit from these vitamins for the benefit of fertility, as Clomid can put the potency of sperm.

  230. At what discretion does a people a close getting hard. The most routine physical unruly in men as they maturity is erectile dysfunction viagra without ed. In general, the younger a bloke is, the well-advised b wealthier his sensuous function choice be. About 40% of men are affected through erectile dysfunction at age 40, and nearly 70% of men are affected away where can i buy viagra over the counter in singapore need prescription for viagra past the conditions they terminate 70.

  249. How much does 50 mg viagra without doctor prescriptioncost. They magnum opus about relaxing muscle cells in the penis, which allows suitable greater blood come, according to the Urology Care Foundation. Pfizer says the current wholesale sell for for a 50 milligram or 100 milligram Viagra is $61.54 a pill. Greenstone inclination sell the generic construction representing between $30 and $35 a non prescription viagra viagra prescription pill.

  250. How many tablets are in a hem in of Cialis. cialis pill price 10 mg is an almond shaped panel with light yellow coating. The stamp “C 10” is engraved on one side of the cialis samples tablet. This remedy comes in a carton buffet of 4 tablets.

  273. Ηi! Do you now іf they make ɑny plugins to help
    with Search Engine Optimization? I’m trying tto get my blog to rank for some targetеd keywords but I’m not
    seeing verу goοd ցains. If youu knoᴡ of аny please share.
    Kudοs!

    Stop by my blog – payday loans tyler tx (paydayloanusaone.com)

  322. Have you ever heard of second life (sl for short). It is basically a online game where you can do anything you want. Second life is literally my second life (pun intended lol). If you want to see more you can see these Second Life authors and blogs

  335. Have you ever heard of second life (sl for short). It is essentially a online game where you can do anything you want. SL is literally my second life (pun intended lol). If you want to see more you can see these Second Life authors and blogs

  349. Have you ever heard of second life (sl for short). It is basically a online game where you can do anything you want. Second life is literally my second life (pun intended lol). If you would like to see more you can see these sl articles and blogs

  352. Have you ever heard of second life (sl for short). It is basically a online game where you can do anything you want. Second life is literally my second life (pun intended lol). If you want to see more you can see these second life articles and blogs

  364. Have you ever heard of second life (sl for short). It is basically a online game where you can do anything you want. sl is literally my second life (pun intended lol). If you would like to see more you can see these second life authors and blogs

  380. Have you ever heard of second life (sl for short). It is essentially a game where you can do anything you want. sl is literally my second life (pun intended lol). If you want to see more you can see these second life websites and blogs

  384. Have you ever heard of second life (sl for short). It is essentially a online game where you can do anything you want. Second life is literally my second life (pun intended lol). If you want to see more you can see these sl websites and blogs

  388. Have you ever heard of second life (sl for short). It is basically a game where you can do anything you want. SL is literally my second life (pun intended lol). If you would like to see more you can see these Second Life websites and blogs

  393. Have you ever heard of second life (sl for short). It is essentially a online game where you can do anything you want. SL is literally my second life (pun intended lol). If you would like to see more you can see these sl articles and blogs

  404. Have you ever heard of second life (sl for short). It is essentially a game where you can do anything you want. sl is literally my second life (pun intended lol). If you want to see more you can see these Second Life authors and blogs

  437. Have you ever heard of second life (sl for short). It is basically a game where you can do anything you want. SL is literally my second life (pun intended lol). If you would like to see more you can see these second life authors and blogs

  438. Have you ever heard of second life (sl for short). It is essentially a online game where you can do anything you want. sl is literally my second life (pun intended lol). If you would like to see more you can see these sl websites and blogs

  445. Have you ever heard of second life (sl for short). It is basically a online game where you can do anything you want. SL is literally my second life (pun intended lol). If you would like to see more you can see these Second Life websites and blogs

  448. Have you ever heard of second life (sl for short). It is basically a online game where you can do anything you want. Second life is literally my second life (pun intended lol). If you would like to see more you can see these Second Life articles and blogs

  455. Have you ever heard of second life (sl for short). It is essentially a online game where you can do anything you want. sl is literally my second life (pun intended lol). If you would like to see more you can see these Second Life articles and blogs

  515. [url=https://signprint24.ru/]уф печать заказать[/url]
    Tegs: уф печать заказ https://signprint24.ru/

    [u]печать фото на дереве[/u]
    [i]прямая печать по дереву[/i]
    [b]уф печать на дереве[/b]

LEAVE A REPLY

Please enter your comment!
Please enter your name here