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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
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
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