Region: Albania

A US court has granted a request by Australian disputes funder Omni Bridgeway to confirm an ICC award worth around US$15 million against Albania and its national oil company.

17 February 2025

Italian investors who won a €110 million ICSID award against Albania five years ago have launched a fresh investment treaty claim over the state’s refusal to pay and “continuing campaign of persecution” against them. 

09 December 2024

A Belgian court has rejected Albania’s latest bid to unfreeze air traffic control revenues that were attached by ICSID creditors including prominent Italian businessman Francesco Becchetti – also fining the state for abusive conduct.

05 November 2024

Albania says it has defeated an Italian company's investment treaty claim over a failed agricultural joint venture.

08 October 2024

A tribunal chaired by Jan Paulsson has rejected an Austrian investor’s Energy Charter Treaty claim against Albania over a failed power plant project. 

23 August 2024

Albania has defeated a €100 million treaty claim brought by a group of investors over the seizure of their terminal at a port on the Adriatic coast.

31 July 2024

Albania says it owes €180 million in debt under outstanding arbitral awards, including a previously undisclosed award in favour of an Italian-Japanese water treatment investor.

26 July 2024

An ICC tribunal has issued a final award in a US$800 million dispute between a Chinese-owned energy company and Albania over cost recovery at one of Europe’s largest oil fields.

01 July 2024

An ICSID tribunal has refused to separately hear Albania’s preliminary objections to a claim brought by a German shipping company, applying the three-fold test contained in the 2022 version of the ICSID rules. 

18 April 2024

The European Court of Human Rights has upheld a complaint against Albania brought by an Italian company that spent nearly two decades trying to enforce an arbitral award in the Balkan state’s courts.

28 March 2024