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21 October, 2014 Toby Landau QC represents Iran to win its first ever investor-state arbitration

An investor-State tribunal, chaired by Neil Kaplan QC, has ruled that it has no jurisdiction to hear Turkcell’s claims against the Islamic Republic of Iran under the Turkey-Iran bilateral investment treaty. Turkcell is Turkey’s largest mobile operator, and the US$ 600 million dispute arose from a tender process for the second GSM licence to be awarded in Iran (one of the largest foreign investments in Iran).