Originally from the Journal of Damages in International Arbitration

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AWARD, JANUARY 14, 2021

The Parties
Abed El Jaouni and Imperial Holding S.a.l. (the Claimants)
Lebanon (the Respondent)

Sector
Aviation Services

Applicable Treaty
Bilateral Investment Treaty between Germany and Lebanon (BIT)

Members of the Tribunal
Albert Jan van den Berg (President), J. William F. Rowley (Claimants’ appointee), Rodrigo Oreamuno (appointed by the Appointing Authority)

I.  BACKGROUND
In 2004, Mr. El Jaouni established ImperialJet S.a.l., an aviation business based in Lebanon, to provide private charter, commercial aviation and ground handling services. In 2005-2006, he established Imperial Holding S.a.l. and Aviation Plus Holding S.a.l., Lebanese joint stock companies that held 99.94 percent and 0.03 percent shareholdings in ImperialJet, respectively.