Bank’s claim against Croatia clears intra-EU hurdle
A branch of Addiko Bank in Zagreb, Croatia (Credit: shutterstock.com/Goran Jakus)
An ICSID tribunal hearing an Austrian bank’s claim against Croatia has ruled that investor-state arbitration under an intra-EU bilateral investment treaty is not incompatible with the EU legal order – holding that the Achmea ruling does not apply to all intra-EU BITs.
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