Region: Croatia

Croatia reports win against golf resort investors

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

Croatia declares win in real estate dispute

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

Hungary’s MOL seeks to enforce against Croatia

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

Croatia declares win in real estate dispute

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

Croatia fails to reopen award after bribery verdict

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

Croatia liable at ICSID after failing to prove bribery

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

Ericsson unit threatens claim against Kazakhstan amid criminal probe

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 seeks to reopen award in bribery dispute

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 escapes damages in power plant dispute

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

German court blocks intra-EU claim against Croatia

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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