Region: Croatia

A US court has refused to dismiss a Hungarian investor’s action to enforce a US$261 million Energy Charter Treaty award against Croatia – finding the state’s sovereign immunity defence was “foreclosed” as a result of an appellate ruling on other intra-EU ECT awards.

17 April 2025

Croatia has knocked out a €225 million ICSID claim lodged by an Israeli billionaire over plans to build a golf resort near Dubrovnik – having already defeated a claim filed by his Dutch investment vehicle.

30 January 2025

Hungarian oil and gas group MOL has filed a new Energy Charter Treaty claim against Croatia, while it waits to see if the US courts will enforce a US$261 million award it won against the Balkan state two years ago.

21 June 2024

An ICSID tribunal has declined to throw out a claim brought by Dutch investors against Croatia, rejecting the state’s arguments that its bilateral investment treaty with the Netherlands was effectively terminated under EU law. 

09 November 2023

An UNCITRAL tribunal is in place to hear a contractual claim filed by Hungarian oil and gas group MOL against Croatia over the exploitation of hydrocarbons – the latest in a series of arbitrations between the parties.

23 June 2023

Dalibor Valinčić has left his role as co-head of international arbitration at Wolf Theiss to join the partnership at European boutique Queritius in Zagreb.

12 June 2023

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

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

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

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