Region: Croatia

Croatia faces second ICSID claim over golf resort

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

Another bank's claim against Croatia clears intra-EU hurdle

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

Collapse of agribusiness group triggers claims against Croatia

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

Permanent Arbitration Court at the Croatian Chamber of Commerce (CCC)

27 January 2020

Permanent Arbitration Court at the Croatian Chamber of Commerce (CCC)

04 January 2019

Croatia bribery award comes to light

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

Croatia fails to annul award in bribery case

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

Balkan states face claims in wake of "francogeddon"

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

Croatia faces claim over Dubrovnik golf resort

Croatia is facing an ICSID claim over a controversial project to build a golf resort overlooking the historic city of Dubrovnik.

07 September 2017

Russian bank pursues troubled Croatian food group

Russia's Sberbank is pursuing an LCIA claim against Croatia's financially troubled food retail group Agrokor - the largest employer in the Balkan region - seeking to recover bank loans worth €450 million.

29 August 2017

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