Subject Matter: Execution of an arbitral award against the Russian Federation based on the 1989 Bilateral Investment Protection Treaty between the Federal Republic of Germany and the Union of Socialist Soviet Republics. Execution Immunity and States operating through State-owned corporations.

 

Findings: Munich and Hagen – attachment and transfer of rent claims of the “Russian House of Science and Culture” in Berlin. Cologne – Forced sale of former Soviet trade mission validated; attachment and transfer of rent claims of the wholly State-owned “State entity for the administration of property abroad” rejected.

 

Parties:

Mr. Franz Sedelmayer, a German investor

Russian Federation

Russian House of Science and Culture

State entity for the administration of property abroad

 

Place of Court Proceedings: Munich, Hagen, and Cologne in Germany

 

Applicable Law: German law