Region: Albania

Albanian farming claim moves to merits phase

An UNCITRAL tribunal has said it can hear an Italian company’s BIT claim against Albania over an ill-fated agricultural joint venture, while excluding claims over the revocation of a land concession that occurred before the treaty entered into force.

21 September 2021

Albania award creditor wound up at funder’s request

An Australian disputes funder that financed an ICC claim against Albania has obtained a Cayman winding-up order against the claimant after the proceeds of the award were seized by an Albanian bailiff.

09 March 2021

Dutch court unfreezes Albanian oil revenues

A Dutch court has largely lifted attachments on Albanian government oil revenues previously granted to Italian investors seeking to enforce a €110 million ICSID award.

10 February 2021

Funder chases client after Albanian bailiff seizes ICC award

The Australian disputes funder behind a Cayman oil company’s ICC claim against Albania has applied to wind up the claimant after the proceeds of the arbitration award were sequestered by a bailiff in Tirana.

04 February 2021

Albania creditors freeze aviation funds

Italian businessman Francesco Becchetti and several other investors have seized funds held by a Brussels-based international aviation body to satisfy a €110 million ICSID award against Albania.

08 January 2021

What you missed at ICSID

Before the holiday break, ICSID saw another solar award rendered against Spain, a stay lifted in another renewables case, a new €100 million claim against Albania and the settlement of a US$500 million claim against Uzbekistan.

04 January 2021

Austrian court enforces award against Albania

A court in Vienna has enforced a €110 million ICSID award against Albania won by Francesco Becchetti and other Italian investors in the country’s media and hydroelectric sectors.

02 December 2020

Albania liable for expropriating TV station

An ICSID tribunal has ordered Albania to pay €110 million to a group of Italian investors for the expropriation of a television company, finding there was evidence to suggest it was the target of a politically motivated campaign.

19 June 2019

Albania faces UNCITRAL claim over farming enterprise

An Italian company has commenced an UNCITRAL claim against Albania relating to a strawberry and tomato farming enterprise, as the country gains a new State Advocate General and reviews its selection of foreign law firms for international arbitrations.

23 November 2018

Albanian Commercial Mediation & Arbitration Center

Featured in Guide To Regional Arbitration (volume 3)

27 June 2014

Get unlimited access to all Global Arbitration Review content