Mohammad Reza Dayyani, Abbas Dayyani, Mohammad Hossein Dayyani, Ali Dayyani, Fatemeh Dayyani and Kosar Dayyani v. Republic of Korea

Case information

Name(s) of Claimant(s)	Mohammad Reza Dayyani, Abbas Dayyani, Mohammad Hossein Dayyani, Ali Dayyani, Fatemeh Dayyani and Kosar Dayyani (Private entity )
Name(s) of Respondent(s)	Republic of Korea (State)
Names of Parties	-
Case number	2022-12
Administering institution	Permanent Court of Arbitration (PCA)
Case status	Pending
Type of case	Investment arbitration
Subject matter or economic sector	- Other -
Procedural rules	UNCITRAL Arbitration Rules 1976
Treaty or contract under which proceedings were commenced	Bilateral treaty Agreement Between the Government of the Republic of Korea and the Government of the Islamic Republic of Iran for the Promotion and Protection of Investments, signed on 31 October 1998 Country A: Korea, Republic of Country B: Iran
Language of Proceeding	English
Seat of Arbitration (by Country)	United Kingdom
Arbitrator(s), Conciliator(s), Other Neutral(s)	Professor Albert Jan van den Berg (Presiding Arbitrator) Professor Ibrahim Fadlallah (until 30 January 2024) Dr. Michael Bühler (as of 1 March 2024) Professor John R. Crook
Representatives of the Claimant(s)	Dr. Moshkan Mashkour Dr. Hasan Khosroshahi Ms. Negar Pasbani Ms. Sonia Rahmati Mr. Amin Machkour Sanglaj International Consultants Mr. David Sellers Mr. Wesley Pydiamah Ms. Tejas Shiroor Mr. Dimitrios Papageorgiou Ms. Nanette Pilkington Ms. Aseel Barghuthi Mr. Nicolas Jelonek Ms. Sandra Geahchan Ms. Katherine Marami Eversheds Sutherland (from 13 January 2023) Dr. Hamid Gharavi Mr. Thomas Bevilacqua Ms. Mylène Larosière Derains & Gharavi (from 15 October 2021 to 26 October 2022)
Representatives of the Respondent(s)	Mr. Paolo Di Rosa Mr. Jun Hee Kim Mr. Anton A. Ware Ms. Tereza Gao Mr. Bart Wasiak Mr. Peter J.C. Saban Ms. Lyuzhi Wang Arnold & Porter Mr. Kevin Kim Mr. John Bang Mr. Mino Han Ms. Ara Cho Ms. Jennifer Yoo Mr. Dongsuk Shin Mr. Jin Kyu Lee Ms. Jihye Chung Ms. Charis Tan Mr. Kenneth Ng Peter & Kim
Representatives of the Parties
Number of Arbitrators in case	3
Date of commencement of proceeding	18 October 2021
Date of issue of final award	-
Length of Proceedings	Pending
Additional notes	-

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