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Ping An Life Insurance Company of China, Limited and Ping An Insurance (Group) Company of China, Limited v. Kingdom of Belgium (Ping An v. Belgium)
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The award in the International Centre for Settlement of Investment Disputes (ICSID) case Ping An v. Belgium was dispatched to the parties on 30 April 2015. The case is of significance for a variety of reasons. To start with, it is the first time that Chinese investors instituted arbitration proceedings under the ICSID rules. Furthermore, it is the first time that Belgium is cited as the respondent in an international investment case.
Title: Ping An Life Insurance Company of China, Limited and Ping An Insurance (Group) Company of China, Limited v. Kingdom of Belgium (Ping An v. Belgium)
Description:
The award in the International Centre for Settlement of Investment Disputes (ICSID) case Ping An v.
Belgium was dispatched to the parties on 30 April 2015.
The case is of significance for a variety of reasons.
To start with, it is the first time that Chinese investors instituted arbitration proceedings under the ICSID rules.
Furthermore, it is the first time that Belgium is cited as the respondent in an international investment case.
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