Region: Romania

The Court of Justice of the European Union has ruled that the UK infringed EU law by allowing Sweden’s Micula brothers to enforce a €178 million ICSID award against Romania.

14 March 2024

Romania has defeated a closely watched ICSID case worth US$4.4 billion plus interest brought by a Canadian mining company over the denial of an environmental permit for a gold and silver project in an area now recognised as a UNESCO world heritage site.

11 March 2024

Swiss energy company Alpiq has failed to revive its US$450 million Energy Charter Treaty claim against Romania over cancelled supply contracts.

15 August 2023

A panel is in place at the Permanent Court of Arbitration to hear treaty claims brought by two brothers against Romania over the Communist-era expropriation of their family’s film company.

06 July 2023

An Austrian-controlled energy company has brought an ICC claim against Romania over reforms affecting a multibillion-euro gas project in the Black Sea.

22 June 2023

Romania has asked an ICSID tribunal to dismiss a Canadian mining group’s “staggering” request to recover almost US$64 million plus interest in costs stemming from its long-running US$4.4 billion treaty claim.

12 May 2023

A Jersey oil and gas company says it has won an ICC arbitration against its Kazakh state-owned former partner in an onshore exploration block in Romania.

24 February 2023

The Luxembourg Court of Cassation has quashed the enforcement of the Micula brothers’ ICSID award against Romania on the basis that the arbitration clause in the underlying investment treaty was nullified when the state joined the European Union.

18 July 2022

Romania is facing yet another Energy Charter Treaty claim at ICSID in the wake of cuts to its renewable energy incentives scheme.

04 May 2022

Russian state-owned energy group Inter RAO has threatened Lithuania with a treaty claim.

07 April 2022