Conclusions
Service of the Order
The Court has provided a sealed copy of this Order to the serving party: the Czech Republic’s solicitors, Jane Wessel and Charlotte Mallorie, Arnold & Porter Kaye Scholer (UK) LLP, Tower 42, Old Broad Street, London EC2N 1HQ.
Dated: [ ] July 2025
SCHEDULE
Paragraph 1103 of the Award is varied so that it reads as follows:
‘For the reasons set out above, the Tribunal decides as follows:
Finds that it does not have jurisdiction ratione temporis over events that pre-dated the entry into force of the BIT;
Finds that it does not have jurisdiction over the claim by Diag Human SE.
Finds that Respondent breached Article 4(2) of the BIT;
Awards Mr Josef Stava damages and interest as calculated in the 2008 Award, from which any amounts collected under the 2008 Award by Mr Stava or Diag Human SE shall be deducted:
CZK 4,089,716,666.00 in damages (lost profits, in addition to those awarded in the Partial Award) for the period from 1 July 1992 to 30 May 2000;
CZK 4,244,879,686.00 in interest for the period from 1 July 1992 to 30 June 2007;
Interest of CZK 1,287,877.00 per day, starting on 1 July 2007 until payment, and, from 14 July 2007 until payment, additional interest per day on the amount CZK 58,130,213.00 at the repo rate per annum set by the Czech National Bank (on 1 January and 1 July each year for the respective half calendar year thereafter) plus 7 per cent.
Orders Respondent to reimburse Mr Stava 70% of his share of the arbitration costs assessed in the sum of EUR 378,442.86.
Orders Respondent to reimburse Mr Stava 70% of his legal and other costs assessed in the sums of US$427,135.70, GBP739,205.77, CZK850,688.30, EUR165,700.21 and CHF18,225.65.
Dismisses all other claims.’
- Heading
- LORD JUSTICE MALES
- Background and recent developments
- Section 67 remedies
- Does the setting aside of the award against Diag SE affect the award in favour of Mr Stava?
- Double recovery
- Costs of the arbitration
- Miscellaneous changes to the BIT Award
- The Remittal Award
- UPON an award dated 18 May 2022 having been issued by the tribunal in an arbitration with PCA Case No. 2018-20 between the Defendants (as arbitration claimants) and Claimant (as arbitration respondent
- AND UPON Mr Josef Stava and Diag Human SE each giving an undertaking in the following terms
- Costs
- Conclusions
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