Region: Croatia

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

The Israeli billionaire behind an intra-EU BIT claim against Croatia over a thwarted project to build a golf resort near Dubrovnik has launched a new ICSID arbitration in his own name, apparently prompted by concerns over Achmea.

17 November 2020

An ICSID tribunal hearing an Austrian bank’s claim against Croatia has by majority rejected the state’s argument that the underlying bilateral investment treaty is incompatible with the EU legal order – in line with decisions in two other cases brought under the same intra-EU BIT.

14 October 2020

The former owners of a major Croatian agribusiness conglomerate have launched an ICSID claim alleging the state-managed administration of the group caused them multibillion-euro losses, while an Austrian bank has brought a treaty claim concerning the same measures.

04 March 2020

27 January 2020

04 January 2019

An award rejecting Croatia’s claim that a Hungarian oil company bribed its longest-serving prime minister Ivo Sanader has come to light through a US court filing – with the tribunal branding the allegations against him implausible.

10 November 2017

UPDATED: Switzerland’s top court has upheld an UNCITRAL award that dismissed Croatia’s claim against a Hungarian oil company accused of bribing its former prime minister.

27 October 2017