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Cyprus


Arbitration tribunal dismisses all CEAC claims against Montenegro
Montenegro’s government said that the UNCITRAL arbitration tribunal dismissed all claims of Cyprus-based Central European Aluminum Company against the country.
Mekorot demands €50m damages from Cypriot gov’t
A Mekorot subsidiary is threatening to sue Cyprus under its investment treaty with Israel.
CEAC lost the arbitration against Montenegro, has to cover court expenses too
Investment arbitration process between CEAC Holdings Limited and Montenegro was finished on 26th of July, in a way that the arbitration tribunal declared itself non-jurisdictional for this process.
Investor state dispute settlement and financial crises
The film explains how the settlement works and why it endangers necessary governmental rescue measures in financial crises as occurred in Greece, Cypress and Argentina.
Washington court rules in Hungary’s favor in cancelled casino investment case
An ICSID arbitration panel rules in favour of Hungary against US/Israeli investors seeking €300 million in compensation for a failed casino project.
Israeli investors seek damages from Hungary in international arbitration court
The International Centre for Settlement of Investment Disputes (ICSID), in Washington, DC, will hear a case by Israeli investors seeking more than 100 billion forints (EUR 337m) in damages from the state of Hungary because of a failed casino investment, daily Magyar Nemzet said on its website on Saturday.
See you in court: Russians may sue over Cyprus losses
Russian businesses and banks that face losses from the European Union’s bailout of Cyprus are considering legal action but may have a hard time making a case, say lawyers who are combing through treaties find strategies to recover funds.
China, Cyprus sign agreement on economic cooperation
China and Cyrus signed an economic cooperation agreement on Wednesday, pledging to strengthen and develop bilateral cooperation in the sectors of trade, research, science and technology.