From The Jury

ICSID Finds Contractor Cannot Bring Treaty Claim For Losses Against Albania

WASHINGTON, D.C. - An arbitrator for the International Centre for Settlement of Investment Disputes (ICSID) on July 28 found that a Greek contractor's actions before Albanian courts, in relation to losses it suffered at a work site in Albania, foreclosed arbitration under a bilateral investment treaty and ruled that the contractor failed to show that Albania did not provide it with full protection and security of its investment (Pantechniki S.A. Contractors & Engineers [Greece] v. The Republic of Albania, No. ARB/07/21, ICSID). Full story on lexis.com

Filed by admin at August 31st, 2009 under News