Region: Albania
Albania challenges Poncet in ICSID revision proceeding
Albania has sought to disqualify Swiss arbitrator Charles Poncet from hearing its bid to revise a €110 million ICSID award on the basis that the other two members of the original tribunal are unavailable.
28 October 2022
Korean executive evades share buyback in latest ICC claim
UPDATED: A Singaporean private equity firm has persuaded an ICC tribunal that it may force the chairman of one of South Korea’s largest insurance providers to purchase US$340 million in shares – while failing to secure an order for the sale as the correct valuation had not been put forward.
14 June 2022
Albanian farming claim moves to merits phase
An UNCITRAL tribunal has said it can hear an Italian company’s BIT claim against Albania over an ill-fated agricultural joint venture, while excluding claims over the revocation of a land concession that occurred before the treaty entered into force.
21 September 2021
Albania award creditor wound up at funder’s request
An Australian disputes funder that financed an ICC claim against Albania has obtained a Cayman winding-up order against the claimant after the proceeds of the award were seized by an Albanian bailiff.
09 March 2021
Dutch court unfreezes Albanian oil revenues
A Dutch court has largely lifted attachments on Albanian government oil revenues previously granted to Italian investors seeking to enforce a €110 million ICSID award.
10 February 2021
Funder chases client after Albanian bailiff seizes ICC award
The Australian disputes funder behind a Cayman oil company’s ICC claim against Albania has applied to wind up the claimant after the proceeds of the arbitration award were sequestered by a bailiff in Tirana.
04 February 2021
Albania creditors freeze aviation funds
Italian businessman Francesco Becchetti and several other investors have seized funds held by a Brussels-based international aviation body to satisfy a €110 million ICSID award against Albania.
08 January 2021
What you missed at ICSID
Before the holiday break, ICSID saw another solar award rendered against Spain, a stay lifted in another renewables case, a new €100 million claim against Albania and the settlement of a US$500 million claim against Uzbekistan.
04 January 2021
Austrian court enforces award against Albania
A court in Vienna has enforced a €110 million ICSID award against Albania won by Francesco Becchetti and other Italian investors in the country’s media and hydroelectric sectors.
02 December 2020
Albania liable for expropriating TV station
An ICSID tribunal has ordered Albania to pay €110 million to a group of Italian investors for the expropriation of a television company, finding there was evidence to suggest it was the target of a politically motivated campaign.
19 June 2019