The submission recommends that Bilateral Investment agreements with Hungary, Poland, Czechia, Lithuania and Romania should be terminated without sunset clauses, which preserve existing investor rights to sue after agreements are terminated.
The International Center for Settlement of Investment Disputes in Washington rejected the Romanian government’s request to terminate the arbitration case filed by the Bulgarian group Eurohold and its insurance arm Euroins Insurance Group.
Romania currently has nine pending cases with the International Centre for the Settlement of Investment Disputes. Here are three of three of the biggest cases in the last few years, and what they mean for foreign investors in Romania.
The Romanian state has lost a lawsuit pending before the International Court of Arbitration in Washington, initiated in 2020 by an investor in the renewable energy sector.
Un panel del CIADI ha rechazado una reclamación de 256 millones € de un grupo de 44 inversores en energías renovables, de múltiples nacionalidades, encabezado por la italiana Fin.Doc.
Le CIRDI a annoncé avoir enregistré la demande de Gabriel Resources d’annuler la décision favorable à la Roumanie et avoir notifié aux parties la suspension provisoire de son exécution, lors des délibérations sur la demande d’annulation.
Canadian company Gabriel Resources filed an appeal against the decision of the Washington Arbitration Court by which Romania won the case in the Roșia Montană gold mining project, requesting its annulment.