Topic: Francogeddon

An Austrian bank has filed an ICSID claim against Slovenia potentially worth €110 million in response to new legislation imposing a retroactive exchange-rate cap on loans denominated in Swiss francs.

10 March 2022

An ICSID tribunal has rejected an Austrian bank’s claim against Montenegro over measures adopted in response to “francogeddon” – the fallout from the Swiss central bank’s decision to scrap exchange rate controls nearly seven years ago.

25 November 2021

Croatia has settled investment treaty disputes with six banks over legislation passed in response to "francogeddon", the fallout from the Swiss central bank's decision to scrap exchange rate controls.

04 February 2021

A Croatian bank and its two Austrian owners have filed an ICSID claim against Croatia – the fourth case against the state over legislation passed in response to the Swiss central bank’s decision to scrap exchange rate controls.

02 January 2018

Fallout from the Swiss central bank's decision to abandon exchange rate controls in 2015 has led to two Austrian banks filing ICSID claims against Croatia and Montenegro.

19 September 2017