AS PNB Banka and ors v Latvia, Procedural order no 9, Decision on representation of AS PNB Banka, ICSID Case No ARB/17/47, IIC 1768 (2021), 9th August 2021, United Nations [UN]; World Bank; International Centre for Settlement of Investment Disputes [ICSID]

1. In Procedural Order No. 8, issued on 30 January 2020 (also referred to below as “PO 8”), the Tribunal provisionally determined a challenge to the representation of AS PNB Banka (the “Bank”) in these proceedings by Mr Krastiņš, the insolvency Administrator appointed by the Riga Vidzeme District Court (also referred to below as the “Administrator”). The issue was whether the Administrator or the nominee of the former Directors of the Bank, Mr Behrends, was the appropriate representative of the Bank in these proceedings after the withdrawal of Quinn Emanuel...