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Lao Holdings NV v Lao People's Democratic Republic, Award, ICSID Case No ARB(AF)/12/6, IIC 1604 (2019), despatched 6th August 2019, United Nations [UN]; World Bank; International Centre for Settlement of Investment Disputes [ICSID]

Lao Holdings NV v Lao People's Democratic Republic, Award, ICSID Case No ARB(AF)/12/6, IIC 1604 (2019), despatched 6th August 2019, United Nations [UN]; World Bank; International Centre for Settlement of Investment Disputes [ICSID]

From: Investment Claims (http://oxia.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved. date: 19 November 2019

1. Mr. John Baldwin and Mr. Shawn Scott, two U.S. entrepreneurs who were experienced in a number of businesses including gambling facilities, became involved in casinos and slot machines in Laos in 2007. For this purpose, they caused two companies to be incorporated in Aruba, the Netherlands Antilles, Lao Holdings NV (“ LHNV ”), and a subsidiary Sanum Investments (“ Sanum ”) in Macau (collectively referred to as “ the Claimants ”). Mr. Baldwin and Mr. Scott, using various corporate structures partnered with a Laotian conglomerate (“ ST Holdings ”) in two casino...
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