The arbitration dispute concerns the treatment applied by the Romanian authorities to the investments performed by KMG and KMGI in their Romanian subsidiaries.
Engie a confirmé avoir déposé une demande d’arbitrage contre la Hongrie auprès du Centre international pour le règlement des différends relatifs aux investissements.
A Dutch court found that Russia doesn’t have to pay $50 billion to Yukos shareholders. Here’s the big catch : international investment law is so complicated that Russia might have to pay anyway.
In a major victory for the Russian government, a Dutch court overturned an award of more than $50 billion to former shareholders of the defunct oil company Yukos.
Un tribunal de la Haye a reconnu que la Cour d’arbitrage de La Haye, qui a condamné la Russie à verser 50 milliards de dollars aux anciens actionnaires de la compagnie Ioukos, n’avait pas les compétences nécessaires à ces fins.
Russian space agency Roscosmos has won a court action in France concerning $700 million in payments owed to the company, which were seized by French authorities.