1. Mr. Gokul Das Binani, 2. Mrs. Madhu Binani (India) v. Republic of North Macedonia

The PCA provides administrative support in this arbitration, which has been brought under the Agreement between the Government of the Republic of India and the Government of the Republic of Macedonia for the Promotion and Reciprocal Protection of Investments (17 March 2008) and the UNCITRAL Arbitration Rules 1976.


Case information

Name(s) of Claimant(s) Mr. Gokul Das Binani (India) (Private entity )
Mrs. Madhu Binani (India) (Private entity )
Name(s) of Respondent(s) The Republic of North Macedonia (State)
Names of Parties -
Case number 2018-38
Administering institution Permanent Court of Arbitration (PCA)
Case status Concluded
Type of case Investment arbitration
Subject matter or economic sector Mining and quarrying
Procedural rules UNCITRAL Arbitration Rules 1976
Treaty or contract under which proceedings were commenced

Bilateral treaty
Agreement between the Government of the Republic of India and the Government of the Republic of Macedonia for the Promotion and Reciprocal Protection of Investments (17 March 2008)
Country A: India
Country B: The former Yugoslav Republic of Macedonia

Language of Proceeding English
Seat of Arbitration (by Country) Switzerland
Arbitrator(s), Conciliator(s), Other Neutral(s)

Mrs. ‘Funke Adekoya, SAN (Presiding)
Prof. Robert Volterra
Prof. Brigitte Stern

Representatives of the Claimant(s) -
Representatives of the Respondent(s)

Prof. Dr. Siegfried H. Elsing
Dr. Nicholas Kessler
ORRICK, HERRINGTON & SUTCLIFFE LLP 

Representatives of the Parties
Number of Arbitrators in case 3
Date of commencement of proceeding 07 August 2017
Date of issue of final award 17 February 2020
Length of Proceedings 2-3 years
Additional notes -