GBS Disputes

Peter is or was part of the team advising and/or representing:

• The People’s Democratic Republic of Algeria in an investment treaty arbitration under UNCITRAL Rules brought by a car manufacturer. The claims are brought under a bilateral investment treaty and concern losses allegedly suffered due to measures adopted by the Algerian Government.
• The People’s Democratic Republic of Algeria, Respondent in a UNCITRAL arbitration brought by Egyptian companies Qalaa Holdings S.A.E. and ASEC Cement S.A.E on the basis of the bilateral investment protection treaty between Algeria and Egypt. The dispute concerns alleged violations of the State’s obligations under the treaty in relation to two cement production projects in Algeria.
• An international logistics company in an ICC arbitration in Paris brought against the Port Authority of an African State, as well as in related setting aside and enforcement proceedings. The dispute arises from a concession agreement related to the management and operation of a container terminal.
• The Republic of Lithuania, Respondent in an ICSID arbitration brought by Veolia Environnement S.A. and others in relation to district heating and power generation systems in Lithuania (ICSID Case No. ARB/16/3). The claims are brought under the Lithuania-France bilateral investment treaty. The dispute revolves around, inter alia, allegations of corruption, collusion, self-dealing, anti-competitive conduct and tariff manipulation.
• Vilnius City Municipality and the Municipality-owned district heating company in an SCC arbitration in Vilnius against Veolia Environnement S.A. and a Lithuanian subsidiary. The dispute concerned the operation and management of a 15-year district heating concession in Vilnius and Lithuanian law applied. Veolia initiated the arbitration and advanced claims in the region of EUR 50 million. Our clients counterclaimed and secured an award in their favour for a net value of approximately EUR 56 million.
• The People’s Democratic Republic of Algeria in the proceedings initiated by Orascom TMT Investments S.à.r.l. to request the annulment of an award rendered in an ICSID arbitration (ICSID Case No. ARB/12/35). The dispute related to alleged breaches of the State’s obligations under the bilateral investment treaty between Algeria and the Belgium-Luxembourg Economic Union in relation to the operation of a mobile telephone company in Algeria. In a precedent-setting award on abuse of rights in investment arbitration, the Tribunal dismissed the USD 4 billion claim brought against our client in its entirety. The ICSID Ad hoc Committee rejected Orascom’s application for annulment.
• The majority shareholders in the former Yukos Oil Company in relation to the recognition and enforcement proceedings initiated in France for the enforcement of the USD 50 billion awards rendered in the arbitrations brought by the shareholders against the Russian Federation concerning the unlawful treatment and expropriation of their investments in Yukos.
• The Republic of Lithuania, Claimant in an SCC arbitration in Stockholm against Gazprom in relation to Gazprom’s obligations to supply gas based on fair prices under the Share Sale and Purchase Agreement between Lithuania and Gazprom as well as Gazprom’s breaches of its obligations under the Shareholders’ Agreement, resulting in overpayments in excess of EUR 1.54 billion.
• The Republic of Lithuania in arbitration proceedings commenced by Russian State-owned gas company Gazprom in relation to Lithuania’s unbundling of gas transmission from gas production and supply in the Lithuanian gas distribution company Lietuvos Dujos, in compliance with the EU Third Energy Package and in particular Directive (EC) 2009/73. The proceedings were brought under the 1999 Russia-Lithuania BIT and were conducted under the 1976 UNCITRAL Arbitration Rules.

Education

• CEDR-Accredited Mediator Skills Training
• Université Paris II Panthéon-Assas, Diplôme d’Université in Mediation
• Université Paris-Est Créteil, Diplôme d’Université in International Business Litigation
• Université Paris I Panthéon-Sorbonne, Master 2 in International Economic Law

Admissions & Courts

• Paris

Languages

• Bulgarian
• English
• French

Nationality

• Bulgarian
• French