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Romania


Wind farm owner sues Romania at WB’s arbitrage court
Cyprus-based offshore EP Wind Project (Rom) Six Ltd claims that Romania has breached the Energy Charter Treaty.
2019 annual results
Gabriel has provided notice to Romania of a dispute with regard to Romania’s application to UNESCO in relation to Roşia Montană and has reserved its right to commence a further arbitration.
Romania wins €2.36bn lawsuit against spirits producer
Romania has won the second lawsuit filed against it by brothers Ioan and Viorel Micula, who accused Romania of allowing the development of a black market for the sale of alcohol.
Arbitration case law update: Supreme Court lifts stay on enforcement of ICSID award: the Micula saga continues
This is far from the end of the Micula story. Enforcement proceedings continue in the United States, France, Belgium, Luxembourg and Sweden, and there are questions before the CJEU.
PM Orban: We want to register Rosia Montana with UNESCO
The Romanian Government wants to register the Rosia Montana site on the UNESCO World Heritage List and is to hold consultations on this topic with the representatives of the Romanian state in the litigation at ICSID.
People power in Romania stopped a mining project. now the corporation is suing for billions of dollars
Romanian and US environmental justice activists demonstrated in Washington, DC, outside a World Bank tribunal hearing on a case brought by Canadian-based Gabriel Resources.
Romania agrees to pay large compensations to Romanian-Swedish investors
The Government took this decision to unlock the accounts of Romania’s air control company Romatsa, frozen by the Miculas.
Intra-EU arbitral award enforced in the US - Achmea objection dismissed by DC District Court for the first time
A federal court in Washington, DC has recognized and enforced a US$331 million arbitral award against Romania under an intra-EU BIT—notwithstanding the objection of the European Commission that the award is incompatible with EU law.
EU allows Romania to pay EUR 200 mln compensation to Romanian-Swedish investors
The European Court of Justice on June 18 canceled a European Commission decision dating 2015, which established that Romania’s payment of compensation to Romanian-Swedish investors Ioan and Viorel Micula constituted illegal state aid. The European Commission also ordered the Romanian Government to recover the money already paid to the investors following an international court’s decision.
Rosia Montana: Seeds of utopia in town almost lost to gold mining
In 2015, Gabriel Resources sued Romania before of the ICSID, asking for a reported four billion dollars in damages, after protests halted plans for Europe’s largest gold mine.
Hydro-Québec plans to invest in Romania
Hydro-Québec is a Canadian company producing and distributing electricity and one of the largest energy producers in the world.
Sued for existing – ancient Romanian town on the frontline of the battle against ISDS
Today, the 6th of February 2019, the Romanian town of Roşia Montană celebrates its 1888th year of existence. Over the past 20 years, residents have fought against a proposed multi-billion dollar mining project.
Want to sue Venezuela for millions? These firms can help, for a price
Investment funds backing a slew of big-dollar corporate lawsuits has boomed over the past decade, fueled by favorable court rulings and investors seeking juicy returns.
Four Romanian millionaires, two foreign companies sued Romania at Washington commercial court for over EUR 7 bln
Romania is the subject of six commercial trials at the World Bank’s International Centre for Settlement of Investment Disputes (ICSID), with the claimants demanding more than EUR 7 billion in damages.
Romania wins trial at ICSID Washington against energy trader Alpiq
The Romanian government has won a trial at World Bank’s International Centre for Settlement of Investment Disputes against the Swiss-based energy trader Alpiq in a case related to Hidroelectrica insolvency procedure.
Justice for Roşia Montană!
Roşia Montană voices to be heard in illegal Romanian gold mine litigation
Romania completes ratification of Armenia-EU CEPA
The Romanian parliament has finalized the ratification of the European Union – Armenia CEPA which was signed on November 24, 2017 in Brussels, Armenia’s Ambassador to Romania Sergey Minasyan said on Facebook.
Micula: ICSID enforcement before the English Court of Appeal
The Court of Appeal maintained the stay of enforcement of Viorel Micula and others v Romania award, but overturned his decision on security, ordering that Romania should provide £150 million as a term of the stay.
It’s official: Romania’s government backs move to delay Rosia Montana inclusion in UNESCO World Heritage network
The minister of culture says that the government has proposed the delay of the inclusion of Rosia Montana in the UNESCO World Heritage list until there is a final ruling in the case opened by Gabriel Resources against Romania.
Romania says Gabriel Resources $4.4bn lawsuit over halted project can’t be heard by arbitrators
Company is seeking $4.4bn in compensation for alleged losses related to its Rosia Montana gold and silver project, which Romania refused to approve following relentless protests.