Croatia says it has defeated a €300 million ICSID claim brought by a Dutch investor over plans to build a golf resort near Dubrovnik – although a related treaty case remains pending.
25 May 2023
UPDATED WITH AWARD: Croatia says it has defeated a €200 million treaty claim over a stalled real estate development project in Zagreb.
23 May 2023
A Hungarian oil and gas group that won a US$237 million ICSID award against Croatia after defeating the state’s bribery defence has moved to enforce it in a US court, putting the award in the public domain.
26 January 2023
UPDATED WITH CAST LIST: Croatia says it has defeated a €230 million claim brought by a Canadian real estate investor who sought to invoke a treaty on issues of state succession – as the state gears up for a new arbitration with Hungarian oil and gas group MOL.
17 November 2022
A Swiss court has refused Croatia’s request for review of an UNCITRAL award in favour of Hungarian oil and gas group MOL in the wake of a corruption verdict against a former prime minister, ruling the arbitrators were not bound by the findings of the Croatian criminal courts.
13 October 2022
An ICSID tribunal has ordered Croatia to pay US$184 million plus interest to Hungarian oil and gas group MOL after rejecting allegations that the claimant’s CEO paid bribes to a former prime minister – while dismissing the rest of the investor's billion-dollar claim.
06 July 2022
A Croatian affiliate of Swedish telecoms equipment maker Ericsson has said it may bring an arbitration against Kazakhstan over a US$21.5 million contract for a health information platform that has led to criminal proceedings against a former minister.
20 April 2022
Croatia has said it will ask a Swiss court to review an UNCITRAL award in favour of Hungarian oil and gas group MOL in the wake of a corruption verdict against a former prime minister – as the Balkan state settles a separate dispute with a US investor.
06 January 2022
Croatia says it has defeated a claim for more than €71 million in damages at ICSID despite being held partly liable over a failed project to build a biomass power plant.
28 October 2021
UPDATED: A German court has ruled that a claim brought by two banks against Croatia under an intra-EU bilateral investment treaty is inadmissible in light of the European Court of Justice’s ruling in Achmea.
16 February 2021
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