This arbitration concerns a claim brought by the Claimant, Libananco Holdings Co. Limited (“Claimant” or “Libananco”), a Cypriot company, against the Republic of Turkey (“Respondent” or “Turkey”), in respect of a number of alleged breaches of the Energy Charter Treaty (“ECT”), to which both the Republic of Cyprus (“Cyprus”) and Turkey are Contracting Parties. The dispute concerns the seizure of two Turkish utility companies, Cukurova Elektrik Anonim Sirketi (“ÇEA_”) and Kepez Elektrik Turk Anonim Sirketi (“Kepez”), in respect of which Libananco holds shares and the cancellation of concession agreements between the latter two entities and the Respondent on 12 June 2003. The Claimant invoked the dispute resolution provisions contained in Article 26 of the ECT and submitted the dispute to the International Centre for Settlement of Investment Disputes (“ICSID”), pursuant to the provisions of the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (“ICSID Convention”).