On 17th of June 2015, the timetable of the International Arbitration Proceedings was determined, with the final hearing set for November 2016. The Tribunal of the Proceedings consists of three arbitrators. One arbitrator appointed by each party and the third, who is the president of the Tribunal, has been appointed by agreement of the parties.
Procedural orders and decisions issued during the arbitration process, subject to the redaction of the confidential information, are available on the ICSID website.
Background information (stock exchange announcement published on 14th of October 2014):
In October 2014, AS Tallinna Vesi and its shareholder United Utilities (Tallinn) B.V., registered in the Kingdom of The Netherlands, commenced international arbitration proceedings against the Republic of Estonia for breach of the Agreement on the Encouragement and Reciprocal Protection of Investments between the Kingdom of The Netherlands and the Republic of Estonia. For more detailed information, please see the full announcement here.
Mariliis Mia Topp
AS Tallinna Vesi
Head of Communications
Tel: (+372) 6262 275
mariliismia.topp@tvesi.ee